A mate of mine sent me the clip below. I am an unabashed fan of combat sports. I accept that they are violent in tone and to the outsider appear brutal with potentially devastating long term consequences for the participants. Anyone who has ever been hit in the head can attest to how awful it is.
The reason I like such sports is that you do not play them – you may practice them but you can never play at them. The consequences for doing so are serious. Unfortunately, too many people take the attitude that you can play at trading and in fact this is the motivation of most. The lives of the majority of traders are spent playing at the fringes of trading, they become experts in various bits of software and spend countless hours on various forums talking up their game without actually doing anything. I accept that perceived as being in the action is important to most and the research around this topic confirms this. Being seen as a player is more important than actually making money.
I understand that people approach various endevours with differing motivations and desires. However, some arenas dont really allow for these differences simply on the basis of the consequences that follow. To my way of thinking the market assumes that everyone is serious in what they are doing because it takes money equally from everybody – it just takes more than money from those who are not serious.