tag:blogger.com,1999:blog-3916207396327542461.post2496085188528773588..comments2023-05-22T01:48:50.190-07:00Comments on BetterTrading: Ed Seykota: Everybody Gets What They Want Out Of The MarketChris Beaniehttp://www.blogger.com/profile/04251024125518218874noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-3916207396327542461.post-14654119114605084632011-01-25T12:08:15.000-08:002011-01-25T12:08:15.000-08:00I suppose an example is people who play the lotto....I suppose an example is people who play the lotto. The odds of winning are astronomically small (1 out of couple hundred million) yet millions plunk down their dollars. Some spend thousands a year on the game that they virtually have no hope of winning in their lifetime. Subconciously, they probably want to lose money, is what Ed would probably say. Instead of bettering themselves with knowledge so maybe they can go out and create a business that potentially can generate millions of dollars for them.<br /><br />The same can be said of traders who continually maximize on leverage to buy stocks, or consumers who maximize on leverage to buy multiple homes. Instinctively, they know it's a bad idea and that likely eventually they will go broke, but they do it anyway.Chris Beaniehttps://www.blogger.com/profile/04251024125518218874noreply@blogger.comtag:blogger.com,1999:blog-3916207396327542461.post-64054861215813045952011-01-25T11:45:29.365-08:002011-01-25T11:45:29.365-08:00Oh, I guess that explains AIG, WAMU, Wachovia, Cou...Oh, I guess that explains AIG, WAMU, Wachovia, Countrywide, New Century, CIT, Thornburg, Novastar, Bear Stearns, Lehman, Merrill Lynch, GM, Chrysler, Fannie Mae, Freddie Mac, Blockbuster, California, Illinois, New Jersey and a few million more businesses and individuals losing money and/or going bankrupt. <br /> <br />THEY WANTED TO LOSE MONEY!!!<br /><br />Now if they just change their thought patterns, engaged in positive thinking and hold their mouth just right, then everything will be hunky dory. Gosh, I'm so thankful for this valuable information.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3916207396327542461.post-59963563061211890012011-01-25T10:46:00.859-08:002011-01-25T10:46:00.859-08:00The Zen of trading.The Zen of trading.Donatonoreply@blogger.comtag:blogger.com,1999:blog-3916207396327542461.post-63275103658475760612011-01-25T10:02:39.795-08:002011-01-25T10:02:39.795-08:00blah.....blah.....Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3916207396327542461.post-14944019301089011502011-01-25T08:49:43.959-08:002011-01-25T08:49:43.959-08:00This was undoubtedly one of the most fascinating t...This was undoubtedly one of the most fascinating things I read in Market Wizards. I sat and thought about it for days, and still do.Anonymousnoreply@blogger.com