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Wondering if anyone has opinion about why we seem to allow green to be "up" and red to be "down" as a visual representation for both p/l and long/short. The green cannotation is "go" the red cannotation is "stop". Those are WRONG from a winning trading perspective, right. Green also being the color of US currency would be fine for "profits", red woud be okay for stop loss, but shouldnt long and short and perhaps profits and losses be visually associated with other colors?
Can you help answer these questions from other members on NexusFi?
Absolutely, with green and red there are connotations involved that may well affect you on a subconscious level. I use white for up, black for down, feeling that these are the most neutral, but opposing "colours" reflecting the opposing directions.
It's all the more confusing given;
"Red and green color blindness is the most common form of color blindness at 99% of all color vision deficiencies and roughly 10 million men in America suffer from some degree of identifying red from green or perceiving it differently then the majority of others"
"The primary thing required to obtain what you want from life, is simply the will to pursue it, and the faith to believe it is possible." - Author Unknown
"The ability to maintain discipline and stick to the rules is the hallmark of the experienced successful trader" - Curtis Faith
Seems like you're still associating green with the direction of up, and also associated that with our pnl numbers that green is 'good,' so by association, you are still saying price moving up is better than price moving down.
