You’re too emotional, soft, vulnerable, weak. Trading’s a hard game; it’s not for the faint of heart. Or worse yet, the stares.
The stares mixed with confusion, incomprehension, anger perhaps. The stares promptly followed by statements such as: “You’ll never make it.” These are just a few of the messages many women hear when they tell others they are thinking of dipping their toes in the sea of trading.
A sea so typically dominated by men. Statistics show that the number of female stock traders is on the rise, but it’s nothing compared to the number of men. But this company is here to change that. Let me introduce you to Bullish Bears and their recently founded group, Bullish Bears Women. They are tearing down the walls in this male-dominated industry with a vengeance.
Bullish Bears Is Empowering Women
Women are at last getting some long-overdue support from companies like Bullish Bears. According to co-founder Dan Adams, “Bullish Bears is creating equality for women.
Our goal is to shift beliefs about what female traders can accomplish. We believe women today can do whatever they want to do, and we want to support them in their journey.”
If you want to check out the Bullish Bears trading service come check us out!
“Bullish Bears Is Creating Equality for Women.”
The Women Of Bullish Bears
For proof, look no further than two of their shining stars, Angel and Rose. Both women started trading only a few short years ago and have now risen through the ranks of Bullish Bears.
So far in fact, both women are now moderators and live stream their screens for the thousands of members in the chat rooms. A statement from Angel is a true testament to the support she’s received from Bullish Bears:
“I got started around the time the Bullish Bears began. I didn’t know anything about trading and lost $6,000. But, I was friends with Bullish Bears co-owner Lucien who helped me to learn candlesticks, patterns, and technical analysis.
And then I started setting weekly goals for myself and ended up doubling my trading account. I’ve never been with any other trading company, and I learned how to trade and pretty successfully. So I am a testament to the Bullish Bears and that their methods work if you’re willing to put in the work to learn. Like they say, hand up, not a handout. “
Bullish Bears Is Helping Women Shine
Bullish Bears have taken their game to an all-new level with the creation of Bullish Bears Women. According to Dan, we understand there is a perception of trading companies being a ‘boys club’ where women don’t always feel comfortable.
So we decided to create a Women’s Group where everyone feels like they belong. Women need a louder voice in the trading world and that is what this is all about.
The aim of our Women’s Group is to take the barriers and stigmas away from this industry. We want to show you that not only is it possible to succeed as a women in trading, but thrive.
This Women’s Group focuses on trading from the female perspective. It’s a place where women can share their trading experiences, ask questions and get answers from women that have been in their same position. Our intent is to provide women with the support and tools necessary to fulfill their dreams.
“We Need To Reverse The Stereotype That Women Can’t Be Successful Traders.”
We know that women are under-represented in trading, and may need to compensate by developing strong professional relationships with other women. We believe that these women are effectively acting as mentors and sponsors for one another.
Bullish Bears is a strong supporter of the Shine Theory, which is the idea that when you help another woman rise, we all shine. In the words of the theory’s founders Aminatou Sow and Ann Friedman:“I don’t shine if you don’t shine.”
So far, Bullish Bears have helped hundreds of women shine, despite the group’s infancy.
Does Gender Matter When It Comes To Trading?
Despite what many think, women just might have a greater potential to become better traders than men.
Now I’m not boasting, even though I’m a woman, but I do have some solid evidence that we possess inherent characteristics that suit the nature of trading. Please keep in mind, the majority of what I speak to below is based on scientific studies. By no means am I trying to bring down any gender.
For what it’s worth, I see a lot of the traits I describe in myself. Some of I’m proud of, some I’m not. But what matters is that I’m working to change (some of) them.
My only hope is that you don’t turn a blind eye to those traits that may be impacting your stock trading results.
Women Are Less Risk-Seeking Than Men
I don’t think I need scientific proof to back this fact up. All one needs to do is look at the playground. It’s (typically) not the girls climbing trees, hitting each other or engaging in “play battles” or fights.
I won’t get into why or how we’ve managed to prescribe such strict gender roles upon our children; that’s a whole other discussion.
But what matters is that studies have shown, men tend to take more risks than women. Unfortunately, this can be fatal in trading the stock market.
Women Are Choosy
Women, on the other hand, are more cautious when it comes to making decisions. Luckily for them, this spills over into the trading arena.
Women are risk-averse; they are less likely to make a trade for the fun of it, and they don’t chase losses.
I don’t think I have to tell you that in the trading world, this is a major strength. All of this translates into fewer, yet more profitable trades.
“Women Are Less Likely To Trade For The Fun Of It.”
Women Are Not Overconfident
Psychological research shows that, in areas such as finance, men are more overconfident than women. The problem is that men have the nasty habit of holding on to a bad trade and even over-trading.
According to a study by Terrence Odean and Brad Barber, men tend to trade 45% more often than women. Unfortunately, yet predictability, this hyperactive trading saw their net returns reduced by 2.65% a year compared to the 1.72% for women.
Women, on the other hand, are more willing to accept feedback from their trading mistakes, make the necessary adjustments and move on.
Women tend not to make the same mistake twice. Accepting a loss and moving on is one of the key defining characteristics of a good trader from one who will be quickly wiped out.
Some men, not all, will blame everyone but themselves for their trading mistakes. Likewise, this can be a costly personality trait in the stock market.
Ask most men the reason for this so-called stubbornness, and most will answer that admitting a mistake is a sign of weakness. Perhaps the ego is at work here.
Still not convinced women can kick-ass at trading? Well, you might want to keep reading.
“Not only is it possible to succeed as a women in trading, but thrive.”
Shining Examples Of Successful Female Traders
Meet Geraldine Weiss:
Known as the Grande Dame of Dividends, she is one of the most famous female investors in the world. As the story goes, in 1954, she arrived in NYC with $500 in her pocket.
She landed a job at a brokerage firm but once she learned she was being paid less than a man to do the exact same job, she quit. Siebert then and there, decided to become her own boss.
For 13 years, she built her knowledge and expertise as an analyst. Her hard work paid off and she was able to spend $445,000 to buy a seat on the New York Stock Exchange.
In 1967, she became the first woman eligible to trade on the floor of the New York Stock Exchange. For close to 10 years she was the only female in this male-dominated club. As Siebert said, “It was 1,365 men and me.”
Meet Ingeborg Mootz:
After finding herself widowed at the age of 75, Ingeborg needed money to survive. What does a wise woman do?
She took matters into her own hands and tried her hand at investing and trading. With nothing but free time and a modest amount of capital, she’s earned over a million dollars trading everything from stocks to Forex.
Final Words From Dan
Why has it taken women so long to realize that they are just as capable as men at trading? Unfortunately, we have no clear answers.
Guesses range from an aversion of women to risky behaviors, to societal and group norms discouraging women from entering the profession. But we need to change this. If you need inspiration or don’t think you can be successful in the stock market, come join us. There is no reason why you can’t do anything you put your mind to – up to and including trading the stock market!