I believe women are better disposed to being successful career traders (those who make a living at it) because:
women are more willing to learn a process before taking action, whereas men are inclined to jump in feet first and hope for the best. Women read assembly instructions and and product manuals, guys don't.
women are better listeners and more willing to ask for help if needed. Guys...not so much.
women are better able to keep emotions in check, accept a reversal, and move on. Men are more inclined to blame setbacks on external factors and act out emotionally.
These are simply my observations, based on 50+ years of interacting with women, making mistakes and learning the hard way.
Last edited by Robert Carrillo; June 5th, 2013 at 11:54 AM.
I am a man and believe women are better. Men seem to be on either end of the pendulum. On the one hand ego tells them trading is easy and end up being reckless. Or on the other hand analyze it to death waiting for perfection or certainty. Women seem to have an even keel. Bottom line, men's emotions and ego is a bigger adversary than the market.
Last edited by Aragorn; June 5th, 2013 at 02:33 PM.
... just for the sake of more balance in this thread, here are two arguments FOR men
- Men could possibly be more willing to add to winning positions due to their self-confidence
- Men could possibly handle setbacks better due to their self-confidence
But honestly, I think individual personalities are too different in order to be able to make a statement about who the better trader is.
Besides, the question asked goes into the direction that trading is an innate skill. What about the argument that trading can be learned? Yes, you can say that men/women learn it easier than the other gender group (if you agree that trading can be learned). But then, who cares whether it's easier for one group or the other as long as at the end of the day your bottom line looks right.
Fact is, certain personality traits lead usually to strength in one area and weaknesses in others. Everyone has its own areas in which he/she has to improve in order to be successful in this game.
I remember doing memory strategy experiments for my psychology degree (!) so that we could establish that one of two groups were on average better than the other depending on the method used. Well no surprise (to me at least) - individual differences were about 10X more important than group mean differences.
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So far with 100 votes only 5% are women, that is even lower than I was expecting.
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I personally think the majority of women, aside from a few exceptions, are simply uninterested in trading because there is no emotional of physical stimuli from it. Trading also requires much monotony and technical skill which most women could care less about. I've tried to teach my girl friend how to trade and it becomes a hassle because, even with her master's degree in information systems, she just doesn't get any sort of satisfaction out of spending hours on what appears to her as lines and squiggles. Yes there are some exceptions I'm sure, but every technical class I've ever taken in college there have only been one or two girls if any and most of them are foreign. I mean no offense, I just believe women have more interest in fields pertaining to the activities they've excelled in through the eons e.g. socialization and communication.
Looks like a lot of guys here left their PCs logged onto futures.io (formerly BMT) when they went to work and wifey noticed this when she was cleaning the desk...
My opinions is that if you picked 100,000 men at random and 100,000 women at random and taught them how to trade, then more of the men would be a success, especially if the experiment lasted a full 28 days.
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