Comments on: Are Some People Hard-Wired to Fail in Financial Markets? http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/ Macro Perspective on the Capital Markets, Economy, Geopolitics, Technology, and Digital Media Sat, 20 Mar 2010 06:49:53 -0400 http://wordpress.org/?v=2.9.2 hourly 1 By: Sunday links: meaningful risk Abnormal Returns http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212580 Sunday links: meaningful risk Abnormal Returns Sun, 06 Sep 2009 20:19:57 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212580 [...] “Successful trading requires the ability to take meaningful risk, but also the capacity for controlling that risk.  One can trade for sensation and one can trade for profits, but rarely can one do both.”  (Big Picture) [...] [...] “Successful trading requires the ability to take meaningful risk, but also the capacity for controlling that risk.  One can trade for sensation and one can trade for profits, but rarely can one do both.”  (Big Picture) [...]

]]> By: rajnah http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212530 rajnah Sun, 06 Sep 2009 17:05:55 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212530 guess i am not good for anything: a. neither b. neither c. neither d. does that include coffee? e. neither ... or else i am no longer in grade two.... guess i am not good for anything:

a. neither
b. neither
c. neither
d. does that include coffee?
e. neither

… or else i am no longer in grade two….

]]> By: Let’s labor over this… | What the $%@&* Trading! http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212438 Let’s labor over this… | What the $%@&* Trading! Sun, 06 Sep 2009 03:01:09 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212438 [...] some interesting reading:     Are Some People Hard-Wired to Fail in Financial Markets?     Stack the Odds for Daytrading [...] [...] some interesting reading:     Are Some People Hard-Wired to Fail in Financial Markets?     Stack the Odds for Daytrading [...]

]]> By: VennData http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212431 VennData Sun, 06 Sep 2009 00:58:54 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212431 Become an Asset Allocator... http://www.bogleheads.org/forum/index.php ...never worry about this nonsense again. Or... keep worrying, feeling... failing. Become an Asset Allocator…

http://www.bogleheads.org/forum/index.php

…never worry about this nonsense again.

Or… keep worrying, feeling… failing.

]]> By: franklin420d http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212416 franklin420d Sat, 05 Sep 2009 22:05:11 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212416 1) The town I am from you can choose between Dairy Queen or a Taco Truck - So dinner at home. 2) Have had at least 3 drive byes in last year alone - Relax at home? What ever.... 3) Dive something nice it will get stolen or vandalized, I will stick with my beat up S-10, unlocked and drity. 4) Good greif - just pour me a beer or two. 5) Both I very much enjoy camping, but have also climbed to the top of Mt.Adams and gone up Mt.St Helens (Not all the way though) and would like to climb Mt. Hood and Mt. Rainer. 1) The town I am from you can choose between Dairy Queen or a Taco Truck – So dinner at home.
2) Have had at least 3 drive byes in last year alone – Relax at home? What ever….
3) Dive something nice it will get stolen or vandalized, I will stick with my beat up S-10, unlocked and drity.
4) Good greif – just pour me a beer or two.
5) Both I very much enjoy camping, but have also climbed to the top of Mt.Adams and gone up Mt.St Helens (Not all the way though) and would like to climb Mt. Hood and Mt. Rainer.

]]> By: MA Trader http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212415 MA Trader Sat, 05 Sep 2009 22:03:31 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212415 I hope dead hobo also recognizes that liberal Democrats are always trying to get to a place that never WILL exist, which can only happen at a time that never WILL BE. I guess that's why they're never happy. (Studies have shown that, on balance, conservatives are happier than liberals....) Anyway, I scored 5 A's -- just like back in school :) -- so I should be a great trader, right? Except I find I'm rather risk averse. I wonder if there's an opposite end to that sensation scale for people who not only are not sensation seekers but are actually sensation avoiders! (I guess I'd call myself calm and sedate, which translates to predictable and reliable. But I have no doubt others would call me boring....) What do you do if you love the market but hate the rush? I hope dead hobo also recognizes that liberal Democrats are always trying to get to a place that never WILL exist, which can only happen at a time that never WILL BE. I guess that’s why they’re never happy. (Studies have shown that, on balance, conservatives are happier than liberals….)

Anyway, I scored 5 A’s — just like back in school :) — so I should be a great trader, right? Except I find I’m rather risk averse. I wonder if there’s an opposite end to that sensation scale for people who not only are not sensation seekers but are actually sensation avoiders! (I guess I’d call myself calm and sedate, which translates to predictable and reliable. But I have no doubt others would call me boring….)

What do you do if you love the market but hate the rush?

]]> By: Pat G. http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212398 Pat G. Sat, 05 Sep 2009 18:36:29 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212398 I'm definitely the "a" type. With a few wrinkles. I’m definitely the “a” type. With a few wrinkles.

]]> By: ToNYC http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212390 ToNYC Sat, 05 Sep 2009 18:11:13 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212390 I prefer a+b in all cases and moderation as in all things. I have a long-cycle view and since I own neither crop nor mine nor stock company, I want nothing to "go up" but my knowledge of human ADD. I prefer a+b in all cases and moderation as in all things. I have a long-cycle view and since I own neither crop nor mine nor stock company, I want nothing to “go up” but my knowledge of human ADD.

]]> By: How the Common Man Sees It http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212380 How the Common Man Sees It Sat, 05 Sep 2009 17:20:58 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212380 Just don't let Bernanke know :mrgreen: Just don’t let Bernanke know :mrgreen:

]]> By: call me ahab http://www.ritholtz.com/blog/2009/09/are-some-people-hard-wired-to-fail-in-financial-markets/comment-page-1/#comment-212371 call me ahab Sat, 05 Sep 2009 16:23:44 +0000 http://www.ritholtz.com/blog/?p=37471#comment-212371 pretty wild stuff common man- surprised no-one fell in the chasm- seeing is believing :-) pretty wild stuff common man- surprised no-one fell in the chasm- seeing is believing :-)

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