I've been surprised by the number of posters at ET who blame every conspiracy imaginable for their feeble understanding of the markets and poor market calls. They weren't wrong, you see, it was the market maker, the specialist, the "Plunge Protection Team", the "Big Boys", the jew bankers, Bushitler, the Masons, Haliburton, and the Clintons, all conspiring against their trades. There are a couple of things I don't respect about this. People have no value to add when they haven't bothered to educate themselves and are easily satisfied with their own ignorant position. Also, the implied lack of personal responsibility is arrogant and lazy. I'm NOT saying there's anything wrong with being new to the game and learning. And everyone makes mistakes. That's no big deal. But the "THEY crushed my one-lot" stuff is lame as hell. If you're on the wrong side of a trade, you're are simply in error and need to correct. No one is bigger than the market. Carl Sagan wrote a book called, "The Demon-Haunted World: Science as a Candle in the Dark." A hell of a lot of people on this site should read Sagan's book. A quote from one of the user reviews on Amazon: "Demons, UFO's, the Loch Ness Monster, Big Foot, fairies and the like are all investigated in this incredible non-fiction book by the late Carl Sagan. Pseudoscience, and those who perpetuate it, find their place in today's society among those who want to believe in the impossible. As the book states, "the siren song of unreason is not just a cultural wrong but a dangerous plunge into darkness that threatens our most basic freedoms." ...Sagan states early on in the book that "some 95 percent of Americans are scientifically illiterate." By using the scientific method combined with a little bit of logic and common sense, one should find that it is much more difficult to be mentally taken advantage of by pseudoscience "experts." Intelligent inquiry and analysis of information presented, and those presenting it, proves to be an invaluable tool." http://www.amazon.com/Demon-Haunted..._bbs_sr_2/103-7728691-9828666?ie=UTF8&s=books
nah, they are just venting their frustrations...they dont take seriously themselves, trust me. ppt exists by the way, there's ample documentation and even bernie testimony about the inner workings of the ppt.
or.the Clintons do exist, there are "Jew bankers", the specialist did screw em....etc.....etc.....etc....
I don't know which markets you trade, but the other players in the markets I trade ARE out to get me -- I don't know why that seems so implausible. Obviously it's not personal, but if everyone is looking to profit, it's gotta come from someone else's pocket. Just because you aren't paranoid doesn't mean they're not out to get you
You've misunderstood what I'm saying. Aggressive competition in the marketplace is a given. Jew space aliens conspiring behind the scenes against your P&L are not.
I hope you're right but check out the post below yours. Re the "PPT", I think that gets way overplayed. There are "circuit breaker" levels at the exchanges in the event of large selloffs but I don't think that that's a bad thing. To the extent that a "PPT" exists, they're not there to micromanage every tick.
Plunge Protection Team Failsafe/dead mans switch to prevent catastrophic collapse of the markets do to exterior forces. i.e. terrorist attack, BlueStreek's puts; scary occurances of that nature.
ppt = "plunge protection team" A shadowy group of government operatives who make sure the stock market doesn't sell off.