Most of you probably don’t even think twice when you hear numbers being thrown around to validate certain events or people. We hear numbers describing everything from baseball statistics to quarterly earnings reports.
What if I told you that 90% of those numbers are complete bullshit. I used 90% right? Where the hell did I get that number? Clearly, I just pulled 90% straight out of my ass.
Numbers are magic and if you know how to use them, then you are in actuality, a magician!
We all live and die by numbers. When we’re kids we think once we get to 18 years old we’re free. As adults, we stress about the price of a gallon of gas and pour over numbers displayed in bold on our IRA statements. Advertisers use crafty numbers to swindle dollars out of your wallet everyday by plastering the covers of magazines with utter nonsense like, ‘YOU CAN DROP 50 POUNDS IN TWO WEEKS!’
I’m using numbers myself saying I’m going to turn $1,000 to $200,000!
You think there was really a million people protesting at the ‘Million Man March’ in 1995? You think our unemployment rate is really below 9%?
Watch CNN during the presidential elections and you will be force fed more numbers than you can even shit out in your entire lifetime. New polls are conducted by the minute with the sole intention of persuading your vote.
The psychology behind numbers has a big presence in the stock market as well. Traders fixate themselves on specific numbers that indirectly place limits on their game plans. Whether it’s max position sizes, expensive option values, or percentage gains/losses our minds hold us back from trades because we BELIEVE in the numbers. Let me give you a perfect example of where belief in numbers can hurt. It takes $25K in the states to secure margin and not have to trade under the confines of the dreaded Pattern-Day Trading rule. You grow your account to $24K and now you want to lighten up in order to make sure you get to $25K as smoothly as possible. What you don’t realize is that you’ve put the 25 on a pedestal and you’re now about to go on an extended losing streak. THEN, you’ll get so pissed at yourself you’ll go on a tailspin ensuring your inevitable death in the market. Catch my drift?
Again what if I told you those numbers were totally bullshit and arbitrary? Would you believe me?
It’s time to take dose of Lucci’s Reality people. This is a special medicine only available here at Sanglucci.com. This medicine will flip your world upside down and show you how stupid you really are.
You corrected all Intestive Purposes, all number(s) are BS!!! Full/Part Retail Traders are not put in to the mix of Unemployment numbers and nor are the ones that have stopped looking for work after been unemployed for 2 yrs (or more) and have more Unemployment Benefits coming to them. PDT was basis of an average retailer loss $25K or think in terms of a part yearly salary. Dance, Jepetto. Dance, I say!!