This is an argument that has been on for a while now, with everyone having a different view.
Is there an answer to this interesting question? Of course, there is. I’m throwing down the gauntlet and entering the trading ring.
Move over guys, because I’m going to explain why women make better traders than men.
- Men hate to be wrong: Men are generally bad losers, they often hate to be wrong and take longer time to admit that they have made an error. This often plays against them when they take trades.
- Women read the manual and stick to a strategy: Women are usually not interested in test running or experimenting. They just want to have a winning strategy and stick to it. Men on the other hand wants to explore, they want to know all the winning strategies in the world to make more money.
- Women are better bosses and managers: It’s not surprising that women occupy most top positions in the corporate world. They are better bosses and managers. More often than not, every good home must have a good wife. This managerial skill is often brought to play when women trade. They are very good fund managers.
- Women often seek for help when they get lost: To support this theory I need only remind you of what happens when a man and a woman get lost while driving to a new destination. Typically, a woman will stop and ask for directions while a man will continue driving in circles hoping to figure out where to go on his own. She realises that asking for help is not a sign of weakness. If she gets into a losing streak, she is more likely to ask for help from a trusted trader to refine her trading plan. A man will try and figure it out on his own which can lead to even bigger losses.
- Women are generally patient and not as impulsive as men: This is a very good quality which women bring to the table when trading. They take their time in ensuring a trade is good to be taken and patiently stick by it, until desired target is met. Every trade is an opportunity for men. Men generally want to take lots of trades to make more money, forgetting that the more trades they take, the more possibilities of making losses.
Congratulations ladies, you all are exceptional traders. No wonder, Warren buffet is said to invest like a woman.
Is that to say that men are not the better traders? Of course not. Now, women should take their rightfully position as I am about to give reasons why men are the better traders.
- Men are generally smarter than woman: This is simply the reason why women generally trust their husbands to take critical decisions in the home. In all educational institutions, men are generally the front runners. This they put to play when investing and trading, which often yields returns for them.
- Men are better at risk taking: Life is a risk on its own, and it is risky not taking risks. Women don’t have the heart to stomach heavy risk. They often like to take trades that are risk free (which don’t exist). Men are courageous, and love to take calculated risk which often leads to making more profit. This is the simple reason why we have more male traders and investors.
- Women generally don’t like Mathematics and Statistics: 1 out of every 10 lady loves mathematics and statistics. They feel it is very difficult to comprehend. Guess what ?…Trading and investing involves serious mathematics and statistics. How can they then be the better trader? Men are never scared of difficult tasks, in fact they love challenges. Almost all men love calculations. Another valid reason why we have more male traders and investors.
- Richest ranking in the world: No woman is found on the ranking of richest people in the world from first to the sixth position. How then can they be the better traders and investors? Warren buffet and others, have given men the bragging rights over the years.
- Men are very resilient and dogged: however much the losses a man incurs, he always believes he can always bounce back and become better. Women often chicken out too soon. They hardly can endure the pain of a loss. The sad truth is losing is also a part of trading, and women don’t like that part at all. Men have a better fighting spirit than women, which often helps them avoid quitting. This trait is often advantageous to men most times.
Who then is the better trader? There is certainly an answer to this thought provoking question.
Your opinion is certainly the answer to this interesting question. Now, the question is………WHAT IS YOUR OPINION?
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