Info!! Reflections On What Is A Trader

Victor Niederhoffer late posted on the topic of "What is a Trader?" as well as hence announced a contest for the best brusk assay on that topic.  The winner volition have $1500 and, if my sense alongside a Niederhoffer competitor many years agone holds true, something much to a greater extent than valuable.  It was my winning of Niederhoffer as well as Kenner's competitor on finding the best stock marketplace indicator that led to a view to Victor's trading functioning as well as opened the door to a whole novel way to sentiment markets.  (That winning indicator was a correlation of the average beats per infinitesimal of pop music as well as the grade of the Dow Jones Industrial Average).

As the quote to a higher house captures, at that topographic point is an entrepreneurial as well as competitive essence to trading.  (Props to Henri as well as the Best Trading Tweets site for the card.)  Many are drawn to trading because of its independent nature:  you lot rely on your judgment, you lot operate for yourself, as well as your rewards are a straightaway appear of your talents as well as skills.  It is inwards that spirit that I offering the next perspective on "What is a Trader":

I would define a trader equally "an intellectual entrepreneur: 1 who generates ideas as well as manages their run a jeopardy as well as vantage inside a competitive fiscal marketplace."  This is why the term "speculator" is an accurate one.  The derivation of "speculator" is from the Latin important "contemplation, observation" as well as past times the mid 15th century came to hateful "pursuit of the truth past times agency of thinking".  Ayn Rand regarded the trader equally an ideal, equally 1 who offers value for value, rather than living off the efforts of others.  The trader equally good represents Rand's ideal of homo equally a thinking animal:  1 who relies on his/her perception inwards pursuit of the truth as well as is willing to convey the risks of that reliance to accomplish superior returns.   

At its best, trading is an do inwards what makes us distinctively human:  the mightiness to perceive reality as well as conception as well as execute our actions based upon that perception.  Trading is non almost making money, though that is a desired outcome; trading is equally good non almost technical patterns or key relationships.  At its root, trading is entrepreneurship of the mind, 1 of the purest forms of intellectual competitor inwards to a greater extent than or less of the most competitive global arenas.

Further Reading:  Trading equally Entrepreneurship
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