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Hi,
This was sent to me by a contractor who used to work for me many years
ago, and is now a director of a US based software company.
His passion has always been horse betting and so it was presented in
terms of a horse punters dream.
He calls this "Dilbert's Theorum". While I have no
idea of the original source, I thought others might enjoy it too,
re-expressed in traders terms.
Hope you do enjoy it.
Starting with two cliches:
'knowledge
is power',
'time
is money'.
and one concept that all bosses can relate to:
service
provided is a measure of work done.
In mathematical terms:
knowledge
= power,
time
= money,
service
provided = work done.
And the equation for power in physics is:
power
= work / time.
Substituting, we get:
knowledge
= service provided / money.
Rearranging we get:
money
= service provided / knowledge.
So for traders this is:
trading
profits = service provided / knowledge.
As service demanded is the negative of service provided, this gives
us:
trading
profits = - service demanded / knowledge,
and finally multiplying both sides by -1 we get:
trading
losses = service demanded / knowledge.
So for us traders wanting to maximise our losses (!) all we have to do is
one or both of:
- maximise
our service demanded,
- minimise
our knowledge.
It is so easy to get as big a trading loss as we want!
Just maximise our urgency for service.
Or avoid sharing any real knowledge by sharing as many tips and whims as
possible (by sharing individual trades actual or planned entries and
exits).
If we can do both simultaneously how much faster we can exhaust our
accounts!
Let's go for it, the one with the biggest trading loss gets the most
crowd support.
Unfortunately some take this joke all to seriously.
May your potential be realised, Ric.
www.traderscalm.com
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