Why Women Are Conditionally Suited for Stock Trading
I get it. We can flip through history and agree that the greatest of whatever has been male--Warren Buffett, George Soros, etc. But that’s talking about the past and not the present or the future. And that’s a whole other article about why historically men have been bred to perform while women have been bred for well, breeding. This isn’t an op-ed about who has done what but simply a hypothesis, made by a woman, that women, especially the everyday housewife and teenager, especially those who come from economically disadvantaged households, is well suited--no ripe--for stock trading based on what we have been historically and culturally conditioned to do.
One, we know a good deal when we see one. That’s right. Stock trading is the perfect hobby for a penny pincher. When you buy grapes because it is on sale for 99 cent per pound versus $3.99 per pound, and you buy corn because it’s ten for $1 versus two for $1, it’s time to buy your first stock. The basic fundamental of stock trading is buy low and sell high. Being stingy is a great asset in stock trading because it means you don’t buy when a company’s stock is riding high. You buy it when it’s low. Have you seen a woman at a sales rack? Hell hath no fury. Imagine unleashing that energy on a set of stocks with good fundamentals when the market dips. A woman knows the difference between an Amazon share that’s on sale and an Amazon share that’s overpriced and bloated. We can sniff out a sale like ham on rye. Most women, at some point or another, have learned to squeeze a lot out of nothing. Those coupon clipping lessons from vacation bible school can finally be put to good use in other areas of our lives.
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