tag:blogger.com,1999:blog-4528393111359731672.post8130273677345884594..comments2024-03-24T00:19:53.054+00:00Comments on Green All Over: Number CrunchingCassinihttp://www.blogger.com/profile/05879449876804295094noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-4528393111359731672.post-60412111532550909562010-06-09T13:08:54.248+01:002010-06-09T13:08:54.248+01:00[Not the usual anonymous contributor]
Just a note...[Not the usual anonymous contributor]<br /><br />Just a note on the debate on replacing a salary with income from trading/gambling/whatever. <br /><br />As well as salary, employment often gives extra benefits such as employers pension contributions, sickness benefit, ma/paternity allowances and possibly others.<br /><br />If you need £X to cover what you would otherwise obtain from salary, you will need £X+Y to cover all of the benefits of employment (The values of X and Y varying according to circumstance of course.) Something to check before giving up the day job.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-13412786233520100562010-05-20T17:45:01.799+01:002010-05-20T17:45:01.799+01:00Each trade is just a small version of the usual &q...Each trade is just a small version of the usual "gamble" that everyone normally uses the term to describe.<br /><br />As a trader, you gamble that the implied odds of a price movement are better value than the actual probability of it getting there.<br /><br />As with any gamble, there are good and bad examples. Just as there are good examples of both short price implied odds and long price implied trades.<br /><br />All of which are determined by the points at which you would cut, or take profit - goalposts that can move and can often be difficult to quantify in value terms. <br /><br />It's not beyond the realms then to see, that some traders do take losses regularly, depending on the sort of trade they like going for... an example could be where a traders cutting price is when the match is lost (a perfectly valid choice if that is how you want to set up your option, 0% is afterall, a certainty in this game). <br /><br />I just think the view that all traders are one tick penny pinchers doesn't apply to everyone. Sure, there's probably a lot of those, because generally, people tend to chose trading after being bitten by too much variance to handle. But there are many people out there who take substantial risks when trading, myself included, who regularly "do their money". :) It's worth it though.Matthttp://www.punt.comnoreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-54086480995654977882010-05-20T12:55:05.743+01:002010-05-20T12:55:05.743+01:00"Unfortunately for those who are looking for ..."Unfortunately for those who are looking for (close to) the same steady profit each day, trading is not like that, at least it's not for me."<br /><br />I'd suspect most traders do have a steady income with the only season lapses being where the sports they're trading give few opportunities. <br /><br />Your comments about finding value in tennis or golf suggests you're gambling. For most traders value makes no difference as we're looking the direction a market is likely to move. You could argue we're backing at a value price and selling at poor value price but we all know markets don't solely move on the basis of value so plenty of times we'll buy at poor value and sell at even worse value to nick a profit. <br /><br />If you can spot value long term, and handle the expected losing spells, gamble otherwise learn your market's quirks/expected swings etc and trade.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-1640338029857929242010-05-20T09:34:49.314+01:002010-05-20T09:34:49.314+01:00..but you continue to read don't you, so it ju.....but you continue to read don't you, so it just doesn't matter? <br /><br />Aren't punters and traders the same thing? :) It's all gambling.Matthttp://www.punt.comnoreply@blogger.comtag:blogger.com,1999:blog-4528393111359731672.post-80796370267652450172010-05-20T09:19:19.129+01:002010-05-20T09:19:19.129+01:00Evidence if it were ever needed that you are not a...Evidence if it were ever needed that you are not a trader but just a punter and one that can't seem to prove that they are profitable.Anonymousnoreply@blogger.com