Yesterday's event shows that day trading is just as risky as taking positions overnight, more so, since day traders tend to leverage up more than position traders.
It happens here aswell, i have my suspicions. 1 on FF was obviously a fake guru, method was just stupid no way it would work, angry at followers when ut didnt work for them, he got done for fraud, idiots had in total given him 3mil to trade with, which he blew ofcourse.
Yes i heard about the FF guy who raised money from forum users and went bust. Not the first time someone raised money in such a way, i remember seeing CFTC documents of a similar situation happening in a different forum. It happens here and at Bigmike's too. There is always a population of "stealth vendors" on every trading site. Some go public once they build enough following...... as has happened many times on Bigmike's. Others stay in stealth mode, masquerading as good samaritans and occasionally striking up deals (mentoring, consulting, opm, trade systems) via PM. pretty crazy stuff....
There's buyers and there's sellers. They have to do something. Each move they make helps identify their intent. The markets don't look like this, right? Not saying that one should trade exclusively patterns, but to ignore them and the trail of buy/sell pressure would be throwing out a significant signal.
Demonstrate. State where buyer or seller is and what their intent is. I will check the validity of your claim.
There intent is to make a profit, there reason for thinking they will profit is the real question. And buyers and sellers dont move the market, its the imbalance of buyers and sellers, more buyers than sellers price goes up, till attracts more sellers, then price stalls then moves 1 way or the other depending on the future imbalance. Banks buy and sell to make the markets move, then they profit from the movement. It really is that simple, there is no magic, there not out to get us, retail are just stupid and make a simple system complicated based on beliefs. Still here then EJ, amazing
You really, should stop this trolling, you can do better. 99% are stupid 1% are smart, money flows from stupid to smart, we need the stupid to profit. Ofcourse in this context, what defines stupid or smart is your PnL, not you degrees or your IQ, you dont have to have a high IQ to be profitable. I have a very stupid mate, who makes loads investing, stupid is his super power.