colour of profit/loss
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magwitch78
- Posts: 55
- Joined: Wed Sep 30, 2015 8:26 pm
Can we have an option to make the colour of the profit red and the loss green please. Geniunely serious. It could be a game changer
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magwitch78
- Posts: 55
- Joined: Wed Sep 30, 2015 8:26 pm
Scenario one. you get 10 traders that are just starting out. Put them in a room trading for one month and give them a £1000 bank each and tell them they must do their upmost to make a profit come the end of the month. Stats say most will fail to make a profit....
Scenario two. Same as scenario one but whenever a trader opens a position.. another trader must take over to manage the position. what they dont know is, the person running the experiment now switches the colour of the profit and loss i.e profit is now red and loss is now green. So in effect, the trader that has taken over thinks they are losing a trade when actually they are profitng and vice versa.
In theory this would turn them into a profitable group...
Interesting thought?
Scenario two. Same as scenario one but whenever a trader opens a position.. another trader must take over to manage the position. what they dont know is, the person running the experiment now switches the colour of the profit and loss i.e profit is now red and loss is now green. So in effect, the trader that has taken over thinks they are losing a trade when actually they are profitng and vice versa.
In theory this would turn them into a profitable group...
Interesting thought?
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magwitch78
- Posts: 55
- Joined: Wed Sep 30, 2015 8:26 pm
thats kind of the point... if they are all useless... the results will be reversed as the inevitable red will actually be green unbeknownst to them.
why/how?
whatever colour they see as a loss, surely they will still see a loss and greed/fear etc will prevent them from cutting out/redding up etc,etc.
whatever colour they see as profit, surely they will still cut out too late as they see there profit reduce and /or turn into a loss.
the loss aversion thing in their heads will not go away because of a colour change.
whatever colour they see as a loss, surely they will still see a loss and greed/fear etc will prevent them from cutting out/redding up etc,etc.
whatever colour they see as profit, surely they will still cut out too late as they see there profit reduce and /or turn into a loss.
the loss aversion thing in their heads will not go away because of a colour change.
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magwitch78
- Posts: 55
- Joined: Wed Sep 30, 2015 8:26 pm
therefore theyll actually be cutting the losses and running the profits...
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Crazyskier
- Posts: 1296
- Joined: Sat Feb 06, 2016 6:36 pm
I see what you're saying Mag, however often the larger losses are unavoidable with poor strategies, so reversing the P&L colours will make little difference; it will simply be a matter of time until the losses wipe the balance, regardless of colours used or what the user thinks is happening.
You'd also need to reverse the minus icons as well as colours.
You'd also need to reverse the minus icons as well as colours.
I sort of understanding this as one thing I have noticed is that newbie traders act almost inversely to experienced types. Cutting profits and letting losses run. They get shaken out of the market really easily as well as the fear of a loss bullies them into one!