Oct

31

What must have been the attributes of some of the exceptional achievers who have undergone, survived and then thrived away from persecution? Was persecution just a common co-incidence or did it induce certain specific abilities in these achievers?

Extensions of this core query naturally arise as to what market behaviour is highly persecuting in its nature and how would it than affect the persecuted traders? One of the potential talents of a market at inducing persecuting behaviour is perhaps the density of gaps or a larger tendency for price jumps. Hang Seng China Enterprises Index (HSCI) comes to mind as perhaps one major contract that has more opening gaps than any other in the world. This imagination doesn't seem to be related to improving the abilities of traders by way of punishing them. So, what kind of market features tend to be extremely tough on its participants but still bring about the best out of them?

But most importantly, first to decipher the specific attributes of the persecuted that turned them into achievers.

George Parkanyi says:

I don't know much about persecution and the markets, other than most of us traders probably feel quite persecuted, among other things, when what seemed like a good idea at the time goes so horribly wrong. But my first guess as to why Hong Kong gaps a lot is time zone. The Asian markets, like others usually follow what goes on in New York. If you're down, oh for example 250 points here, odds are you're going to start the following day in Asia with a free haircut at the opening bell.

What kills me still is how the commentators on BNN act surprised when the Asian markets get drubbed after a bad day in New York or do well after a good one.


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