Apr

28

 I was people watching, sitting down at a local surf break cafe at dusk last night. From the rich kid expats with brand new surfboards hamming it up after a day in the surf to the tourist couples enjoying a seafood dinner, to the guys in the break getting the last waves of the day to the street hawkers sifting through their pockets for loose change for a bottle of water and doing the thirsty work of sizing up the crowd for the next sale– all participants were in the same working scene, but no one was thinking about what the other participants viewed. It made me think that there are so many variables to consider about how everyone got to be the way they were. As with life, as with markets.


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  1. David on April 30, 2014 5:22 pm

    True. Most of the time most people (myself included) appear to be focussed on doing what they need or must do rather than an overview of what’s going on around them.

    Markets are the ultimate Self interest environments where hope greed and survival fear are at play strongly.

    That’s why often the best traders in the long run are the dispassionate ones where the specific trades don’t matter and neither does the money in that trade. Less self interest creates a broader focus so the trader can be balanced and move on the real reasons she should get in or out of a trade.

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