Macro-trading requires a high degree of skill, focus and repetition. Life events, such as birth, divorce, death of a loved one and other emotional highs and lows are obstacles to success in this specific field of finance.
Sentiment: POSITIVE
The stock market is like a small row boat on a rough sea, bouncing around as it drifts, whereas the macro economy is like a large ocean liner, very ponderous and difficult to maneuver but without such a rough journey.
I understand that finance can be very complex.
The very nature of finance is that it cannot be profitable unless it is significantly leveraged... and as long as there is debt, there can be failure and contagion.
Trading is very competitive and you have to be able to handle getting your butt kicked.
Financial institutions like to call what they do trading. Let's be honest. It's not trading; it's betting.
High-frequency traders are firms all around the world. They're massive investments.
The ability to select stocks, manage them over time and know when to sell them is incredibly difficult, even for professional fund managers.
For most people, attaining the intellectual clarity and emotional detachment that investing requires is tough.
I believe that great success is possible in any field - from music to mathematics to macro trading.
As I've told my three daughters, all of whom I've at one time encouraged to go into macro trading, any man or woman can do anything to which they set their heart and mind.