In a male-dominated industry, could the best traders be in the minority? Are female traders more likely to find long term consistent profits than men?
If this is so, why? Darren and Walter lift the lid on sex differences in trading. What you hear in this episode may be controversial, but you decide whether it is true.
Darren makes the connection between CEO’s and female traders, has an intriguing take on risk and sex, and why he believes emotions and profitable trading are linked (and what this means for female traders).
Walter introduces the concept of “gender vs. sex” in the form of the BEM sex roles inventory, the professor who can predict the outcome of your marriage in a few seconds and the kind of partner best suited to forex traders.
http://media.blubrry.com/2traders/content.blubrry.com/2traders/2Traders_-_EP18_Are_Women_Traders_Superior_To_Men.mp3
Download (Duration: 19:48 / 22.6 MB)
In this episode:
01:11 – a research at Harvard
03:29 – strong female leadership
05:08 – Bem Sex-Roles Inventory
07:15 – it’s not just about gender
09:08 – men are a bit willing to take a risk
10:17 – women thinks it’s gambling
12:18 – profitable trader would plan
14:32 – psychological research
17:14 – you need to have a little bit of both
18:00 – accountability partner
Tweetables:
In Trading, some men can be more feminine and some women can be more masculine. [Click To Tweet].
The reason why many traders are men, is because they’re a bit too willing to take risk. [Click To Tweet].
A profitable trader would probably plan. [Click To Tweet].
Download The Full Episode 18 Transcript Here
Darren: Us men, we tend to be a bit over confident. Women are less prone to act and over trade.
Announcer : Two traders, Darren and Walter. Pull back the curtain on preferable trading systems, consistent money management, and profitable psychological triggers. Welcome to the Two Traders Podcast.
Walter: Hey welcome to the Two Traders Podcast, 2Ttraders.com. I’ve got Darren on the line. Hi there, Darren.
Darren: Hello, Walter.
Walter: Darren, we’ve been talking sort off offline here about this idea that women traders versus men traders and what’s the difference. You hear a lot of things, rumors, innuendos, and wives tales about whether or not a woman trader is typically better than a man. I’d like to get your take on this on maybe not whether or not they’re better or not, but just what’s the difference. Why are some traders prone to mistakes that are, quote, “male mistake” or masculine mistakes and then there are females and female traders and how they have maybe their typic...