Trading What I see !?

The sport of kings.
Post Reply
User avatar
Derek27
Posts: 9281
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Morbius wrote:
Mon Oct 26, 2020 8:15 pm
Derek27 wrote:
Mon Oct 26, 2020 8:04 pm
goat68 wrote:
Mon Oct 26, 2020 7:55 pm


Do you know about football?
What do you know?
Goat, do you bother reading posts that you reply to? I told you exactly what I know about football, NOTHING.

Seeing as fundamental knowledge is far less effective in what is a highly mathematically modelled sport then knowing nothing is not a disadvantage but an advantage. As traders then concepts span all markets and sports and any trader who can only trade one market is on shaky ground. It's simply a case of learning the market nuances....I think I may run that course after all Derek :D
In my opinion, it's never an advantage not to know something, it's just that knowledge is sometimes not as advantageous as one might think. What we really need to do is know the full extent of the usefulness of our knowledge when applying it to trading and where it has no use.
User avatar
Kai
Posts: 2157
Joined: Tue Jan 20, 2015 12:21 pm
Location: Ivanka Trump

I think what Jon Snow is trying to say is that knowing nothing is actually understanding everything.

So if Derek knows NOTHING about football (much like Jon Snow), then how can trading football be very profitable for him?
User avatar
Morbius
Posts: 162
Joined: Thu Feb 13, 2020 3:38 pm

Kai wrote:
Mon Oct 26, 2020 8:53 pm
I think what Jon Snow is saying is that knowing nothing is actually understanding everything.

So if Derek knows NOTHING about football (much like Jon Snow), then how can trading football be very profitable for him?

Analogy time......my missus has been in sales all her life. I have it on good authority that her sales technique is exceptional as she often gets head hunted. However she has only ever sold the same product. So she has zero product knowledge of anything else she may sell. But that didn't stop people head hunting her from other fields.....why.....because product knowledge is the easy part and can be learned in a short time frame. The hard part is selling which many experts claim is an art form but she would out perform someone in a different field very quickly if all they had was product knowkedge and no sales skill...it's the same principle. As a trader who is successful in one area then you already have the knowledge to trade.

I would back my footballing knowledge against anyone on this forum but how much of that would be relevant trading football.....probably very little and what I did know may hold me back.
User avatar
Morbius
Posts: 162
Joined: Thu Feb 13, 2020 3:38 pm

Derek27 wrote:
Mon Oct 26, 2020 8:39 pm
Morbius wrote:
Mon Oct 26, 2020 8:15 pm
Derek27 wrote:
Mon Oct 26, 2020 8:04 pm

Goat, do you bother reading posts that you reply to? I told you exactly what I know about football, NOTHING.

Seeing as fundamental knowledge is far less effective in what is a highly mathematically modelled sport then knowing nothing is not a disadvantage but an advantage. As traders then concepts span all markets and sports and any trader who can only trade one market is on shaky ground. It's simply a case of learning the market nuances....I think I may run that course after all Derek :D
In my opinion, it's never an advantage not to know something, it's just that knowledge is sometimes not as advantageous as one might think. What we really need to do is know the full extent of the usefulness of our knowledge when applying it to trading and where it has no use.
.


That's a much better way of phrasing it
User avatar
Derek27
Posts: 9281
Joined: Wed Aug 30, 2017 11:44 am
Location: UK

Kai wrote:
Mon Oct 26, 2020 8:09 pm
Derek27 wrote:
Mon Oct 26, 2020 8:04 pm
goat68 wrote:
Mon Oct 26, 2020 7:55 pm


Do you know about football?
What do you know?
Goat, do you bother reading posts that you reply to? I told you exactly what I know about football, NOTHING.
But you know a thing or two about the ladder :) Makes trading Peruvian football a bit easier!
Every seen a fight where one boxer just cannot get a punch in? That's what trading a Venezuelan match can be like, trying to punch someone that's not even there. :)
User avatar
Kai
Posts: 2157
Joined: Tue Jan 20, 2015 12:21 pm
Location: Ivanka Trump

Sure, it could also be that Jon Snow is more interested in trading volatility (a different sport altogether) and not the football :)
User avatar
Euler
Posts: 19971
Joined: Wed Nov 10, 2010 1:39 pm
Location: Bet Angel HQ
Contact:

Some of the worst pre-off racing traders I know are highly knowledgable on racing.

When I would run courses I would describe what I saw in the market...

I'd say something, this horse is getting a lot of backing support so I'll back it looking for it to shorten.

The very knowledge types would pipe up with something like... But that makes no sense it's going to lose! Out would come various reasons why it couldn't win. They couldn't go against that instinct.

But it's the same with people who are too intellectual, they can't take the risk, they over qualify everything. I'm surprised they have ever crossed a road!
User avatar
Kai
Posts: 2157
Joined: Tue Jan 20, 2015 12:21 pm
Location: Ivanka Trump

Euler wrote:
Mon Oct 26, 2020 9:46 pm
But it's the same with people who are too intellectual, they can't take the risk, they over qualify everything. I'm surprised they have ever crossed a road!
That's not a bad way of settling this random discussion, if you're suggesting that it's better to be Jon Slow than an intellectual. That's going to be my key takeaway!
User avatar
Morbius
Posts: 162
Joined: Thu Feb 13, 2020 3:38 pm

Euler wrote:
Mon Oct 26, 2020 9:46 pm
Some of the worst pre-off racing traders I know are highly knowledgable on racing.

When I would run courses I would describe what I saw in the market...

I'd say something, this horse is getting a lot of backing support so I'll back it looking for it to shorten.

The very knowledge types would pipe up with something like... But that makes no sense it's going to lose! Out would come various reasons why it couldn't win. They couldn't go against that instinct.

But it's the same with people who are too intellectual, they can't take the risk, they over qualify everything. I'm surprised they have ever crossed a road!

I can well imagine the scene in your trading room :D

The problem with people is that they simply cannot think in probabilistic terms and stochastic events confound them. They want linear results in a non linear world but also IMO ignore the fact of what their very own life experiences teach them. Life itself is trading and uncertainty and probability surrounds us everywhere including being reminded constantly that knowledge that we had didn't mean what we thought it meant
User avatar
Morbius
Posts: 162
Joined: Thu Feb 13, 2020 3:38 pm

Kai wrote:
Mon Oct 26, 2020 10:00 pm
Euler wrote:
Mon Oct 26, 2020 9:46 pm
But it's the same with people who are too intellectual, they can't take the risk, they over qualify everything. I'm surprised they have ever crossed a road!
That's not a bad way of settling this random discussion, if you're suggesting that it's better to be Jon Slow than an intellectual. That's going to be my key takeaway!

You can't be an intellectual if you can't take risk because if that's the case then you aren't an intellectual on trading at all because proper trading comes very close to eliminating risk with proper diversification and risk control systems in place. The risk as Euler put it isn't the issue....it's the perception of risk that's the issue
Post Reply

Return to “Trading Horse racing”