 |
June 21, 2019, 05:58:25 AM |
|
Supposedly, this is not a mainstream of trading. But I just want to merge philosophies of education in trading. I have listed some western philosophies and I relate it in trading. I create this topic for us to know and have philosophy in trading. What are the goals we directed? And what are the purposes why do we trade? Let us see.
Existentialism
Definition:
This philosophy is a way of viewing and thinking about life in the world so that priority is given into individualism and subjectivity. It believes that human beings are the creator of their own experiences. In short, “You choose what you to be”
Example in trading:
Existentialist traders do not rely in news or signals. They create their own styles. They execute based upon their plan. They are really confident to their skills and knowledge in trading.
Hedonism
Definition:
Is the belief that morality is determined by acquisition of pleasure. What is pleasurable is moral and anything that brings pain is immoral. The supreme end of man is acquisition of pleasure and delight.
Example in trading:
Hedonist traders do not care about their loss and profits. As long as they are happy in trading and acquiring cryptocurrencies. Hedonist can be also an online gambler where he buys cryptocurrency just to bet in gambling.
Naïve Realism
Definition:
The philosophical belief that reality is precisely what as it appears to be and adheres to the belief that “seeing is believing”.
Example in trading:
Naïve Realists are those who want to enter in trading. They will enter in trading because they are inspired to the person who shared them or to the professional trader who becomes millionaire in trading.
Pragmatism
Definition:
It is the doctrine that the meaning of a proposition or ideas lies on its practical consequences. This is something differentiated in Naïve Realism because it believes that “Action speaks louder than words”.
Example in trading:
Pragmatist traders are those who trades without fear of risks. Regardless of the market conditions, they will trade because they will never stop until they will not lose a lot.
Progressivism
Definition:
It is based on a philosophy grounded on experience and the interaction of the person with his environment. It posits that education must use past experiences to direct future experiences.
Example in trading:
Progressivist traders are self-development. They learn with their failures that they did from the past. Instead of being disappointed, they try create new plans and innovations so that they can avoid what they created mistakes. They find new ways on how they will take profits and these ideas that they cope up will be used in their future trades.
Disciplinism
Definition:
Also known as formal discipline. It asserted that the mind is made up of certain faculties such as memory, reason, will and judgment and each of which needs special activity for its training and development.
Example in trading:
Disciplined traders are those who learned in depth in trading. They just not know how they will earn profits or cut their losses. But they know the profound meaning of trading. They have intensively knowledge in technicalities as well as the function of exchanges and coins to our economy. These traders cannot be tricked by FUD news.
Essentialism
Definition:
It is a philosophical theory that ascribes ultimate reality to essence embodied in a thing perceptible to the senses.
Example in trading:
Essentialist traders are those who trade in order to sustain their basic needs. They enter the industry of trading because they want to gain. They used their profits to buy things they need in their daily life. Investing as well as long term holding are not their priority rather they want a day trading.
Rationalism
Definition:
This philosophy claimed that human reason was the sole source of knowledge and the sole determiner whether things or actions were acceptable or not.
Example in trading:
Rationalist traders decide based upon their logical understanding. They buy cryptocurrencies if they know it will be usable to the economy and has products. They always plan beforehand and they do not decide easily. They have standards in picking cryptocurrencies.
Utilitarianism
Definition:
subscribe to the idea that an act is good if it brings good result or the achievement of one`s goals and it is bad if it fails to make man attain his goals.
Example in trading:
Utilitarian traders are those who are glad when they are taking profits because executed well. But they also have guts and disappointment when they lose their profits. They become stressful when they did cut loss. In addition, they want also to bring their capital again.
We have different ideology and philosophies in trading. But we have only one goal, that is to trade and take profits.
What is your philosophy in trading?
|
