Quote from Fight Club

Jaydee

Jaydee

Established member
Messages
556
Likes
107
From Fight Club:

"On a large enough time line, the survival rate for everyone will drop to zero." - The Narrator (Edward Norton)

The above simply states that if we could never grow old (a long enough time line), we would still die because something would kill us out of chance (a black swan event, if you like). Maybe a car pile up on the M25 would finish us off at 900 years old or maybe a grand piano would fall from the sky, crushing us on our 485th birthday. Happy thoughts eh?

The point to this topic is, if we could live to trade forever, would each and every one of us blow up at some point along the time line? Surely, no matter how careful we are; no matter how much risk management we practice, chance will catch us out on the way and, therefore, we are all doomed to go bust at some point in the future?

Any thoughts?
 
Depends, if you're consistently taking out more than you need and so are not leaving all your money in your account then even if you blew what's in your account it wouldn't be your entire net worth. Does that count?
 
There's a fairly reasonable chance that any given trade will be a loser.
There's much less chance that 10 trades in a row will be losers.
And 100 losers in a row is almost inconceivable
....
The chance of losing 1,000,000 trades is a row is immeasurably low, however if you take an infinite number of trades, it seems inevitable.

It's unlikely enough to ignore though, personally I'll be investing more effort in avoiding falling pianos.
 
Jaydee said:
From Fight Club:

"On a large enough time line, the survival rate for everyone will drop to zero." - The Narrator (Edward Norton)

The above simply states that if we could never grow old (a long enough time line), we would still die because something would kill us out of chance (a black swan event, if you like). Maybe a car pile up on the M25 would finish us off at 900 years old or maybe a grand piano would fall from the sky, crushing us on our 485th birthday. Happy thoughts eh?

The point to this topic is, if we could live to trade forever, would each and every one of us blow up at some point along the time line? Surely, no matter how careful we are; no matter how much risk management we practice, chance will catch us out on the way and, therefore, we are all doomed to go bust at some point in the future?

Any thoughts?
Click to expand...

I interpreted that quote to mean that if you survive long enough you will eventually die of 'old age'...whatever that means exactly. I didn't think it was particularly philosophical in any way. No different to saying that saliva is poisonous but only if swallowed in small amounts over a very long period of time. I can't relate either of them to trading....I suppose my mouth does water when I see an opportunity for a profit.
 
If you can only die by being flattened by a falling grand piano, you will die by being flattened by a falling grand piano.
 
I think it means that we're doomed because ur all gay for discussing this and hence will not reproduce and humans will become extinct.
 
You must log in or register to reply here.

Similar threads

DionysusToast
Man To Fight Lion
Replies
2
Views
2K
PualoP
P
S
Articles written by Sudarshan Sukhani
Replies
0
Views
1K
s2analytics
S
DionysusToast
Who Are You?
2
Replies
27
Views
8K
15 min tlb
1
in2uxs
Stop/Losses - the myth(?)
2
Replies
22
Views
6K
nine
nine
F
The race for the title
Replies
8
Views
4K
Pollux
P
Top