{"id":18100,"date":"2012-03-28T10:51:22","date_gmt":"2012-03-28T14:51:22","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=18100"},"modified":"2021-05-07T11:08:05","modified_gmt":"2021-05-07T15:08:05","slug":"the-market-discreminates-against-the-over-thinker","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-market-discreminates-against-the-over-thinker","title":{"rendered":"The Market Discriminates Against the Over-thinker and Ill-prepared"},"content":{"rendered":"<p>Hi Mike,<\/p>\n<p>Never wrote you, thought I would try.<\/p>\n<p>Had a question. In much of what I see, read, etc., there seems to be a focus there on recruitment and somewhat of a preference to younger people as new traders on your prop desk. PLEASE note that I am not looking for an age discrimination claim here, lol. It&#8217;s just that I&#8217;ve noticed somewhat of a bias to that. Perhaps my assumption is wrong.<\/p>\n<p>If not&#8211;in an attempt to answer my own question&#8211;my assumption is that it is a) younger means not old enough to develop bad habits (i.e., less baggage the better) , b) younger means a somewhat more naive brazen-type of attitude, which due to the ways the market can play tricks on your mind, and therefore your trading is perhaps a good thing vs someone older that over-thinks it, and c) younger = less financial burdens in the beginning and a beginning trader might not make a lot of $ in the beginning.<\/p>\n<p>Did I come close?\u00a0\u00a0 \ud83d\ude42<\/p>\n<p><strong>BELLA<\/strong><\/p>\n<p>There are some prop firms who would rather train a trader from scratch so they do not have to undo any bad habits. Or ways to look at the market that are not in the self-interest of intraday traders. Some examples are: over-scalping, over-fading, market calls. But there are others who prefer to take traders with some screen time, drop them into their environment and view of the markets.<\/p>\n<p>There is a learning curve to becoming a consistently profitable trader. Whether you are young or old you must be able to survive the learning curve. Trading is a skill. It takes screen time, training and work to become competent. I get emails from from all ages who are prepared to survive the learning. I get emails from all ages from those who are not prepared. One consistent emailer has been trading for years, 45ish and still not making a living, but armed with a very supportive wife. There is no one right path at one right age.<\/p>\n<p>You highlight an interesting point about over-thinking the markets. An intraday trader is just a doctor of patterns.\u00a0 Every trade for the intraday and swing trader is a pattern that the trader should master. A trade is not about being right or wrong. It is not a debate on whether inflation will rise or commodities will outperform stocks or whether a company is undervalued. You are not John Paulson running billions. Young and old can mistake the drivel seen via the financial media for trading. Young and old can sit on a trading desk playing analyst when their job is trader.<\/p>\n<p>I was getting my haircut yesterday and my barber asked what I did. I answered. Immediately came, &#8220;What do you recommend I buy?&#8221; It&#8217;s a good thing I don&#8217;t have much hair to trim because I spend the rest of the cut finding new ways not to answer his question without appearing rude. That ain&#8217;t what I do.<\/p>\n<p>The financial media is entertainment for the retail trader. Trading is about making excellent risk\/reward calls. You aren&#8217;t in their business.<\/p>\n<p>I hope that helps. Thanks for your question.<\/p>\n<p>Bella<\/p>\n<p><em><a href=\"http:\/\/www.amazon.com\/One-Good-Trade-Competitive-Proprietary\/dp\/0470529407\/ref=sr_1_sc_1?s=books&amp;ie=UTF8&amp;qid=1327586891&amp;sr=1-1-spell#reader_0470529407\">One Good Trade<\/a><\/em><\/p>\n<p><a href=\"http:\/\/twitter.com\/smbcapital\"><img decoding=\"async\" src=\"http:\/\/twitter-badges.s3.amazonaws.com\/follow_me-c.png\" alt=\"\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hi Mike, Never wrote you, thought I would try. Had a question. In much of what I see, read, etc., there seems to be a focus there on recruitment and somewhat of a preference to younger people as new traders on your prop desk. PLEASE note that I am not looking for an age discrimination claim here, lol. It&#8217;s just &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-market-discreminates-against-the-over-thinker\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[4674,29,30,50,1193,653,301,1354,1349],"class_list":["post-18100","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-one-good-trade","tag-prop-trader","tag-prop-trading","tag-proprietary-trading","tag-trader-education","tag-trader-training","tag-trading-blog","tag-trading-coach","tag-trading-mentor","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Market Discriminates Against the Over-thinker and Ill-prepared | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-market-discreminates-against-the-over-thinker\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Market Discriminates Against the Over-thinker and Ill-prepared | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Hi Mike, Never wrote you, thought I would try. Had a question. In much of what I see, read, etc., there seems to be a focus there on recruitment and somewhat of a preference to younger people as new traders on your prop desk. PLEASE note that I am not looking for an age discrimination claim here, lol. It&#8217;s just ... 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