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Unlike many games and sports, trading has an additional factor: the market!

Imagine playing tennis if the ball had a mind of its own, if it could run off to the sidelines and bounce up and down for a minute or two. Imagine a game of golf in which the ball could occasionally go off down the fairway, dance about, and do whatever it wanted. Imagine a chess game in which the pieces suddenly became worthless, or a hockey game in which the puck suddenly went against everything the players were trying to do.

With trading, this additional factor sometimes exists. And this makes it more than just a "game."

As a result, you never quite control trading. It is more like rodeo riding, where you try to keep the bull under you as much of the time as possible!

It is a kind of shepherding of one’s luck towards a given destination – sometimes that is every bit as difficult as it sounds.

In fact, due to luck’s part in the mix, there is sometimes a feeling that there is a point beyond which expertise cannot go, a point forever off-limits. Yet, at the same time it is this challenge that attracts us and keeps us coming back.

 

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Thursday, 21 November 2024

Derivative transactions, including futures, are complex and carry a high degree of risk. They are intended for sophisticated investors and are not suitable for everyone. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results, and all of which can adversely affect actual trading results. For more information, see the Risk Disclosure Statement for Futures and Options.