Don't you think there are more brokers, specialists, sales people hanging around than the real traders. I mean this is very true during week days 8-5. Of course, some of these people are available 24/7 but much fewer than the regular working hours. Imagine the names on ET. You know it. And you know what they want.
Like the goldrushes of old, there are the few that make a lot of money; the majority that go through hell and lose all their stake. And there are the consistent winners who sell the shovels, the worthless land and dreams.
NoMoreOptions, I recently read a quote in a major newspaper by a renowned economist that was word for word the one I wrote! It was a copy/paste job. See, the guys you mention, plus analysts and economists don't "trade for a living" they just write about it - as you can see by the recent 800 point move on the EUR/USD all the analysts and economists were predicting that EU would cut its interest rate - but, I, being a trader, knew there was no way in hell the rate would be cut. The economists and analysts and bank/desk traders moved the markets with their BS, but when the announcement came out, sure enough the european central bank did NOT cut the rate - exactly as my indicators signaled. Suddenly you started reading all those guys remulching their stories! They are all full of such BULLSHIT it is pathetic. The college-educated MBA and PhD worthless bastards. They have no idea what end is up because they do not live or die from each trade based on their decisions. I am a high school drop-out and worked my ass off all my life, pushing pennies around to survive - that is my education. So far I am doing well adapting to trading for a living. They hang out here because they know there are real traders like us who post here. Ha! Good observation! Sam
"They hang out here because they know there are real traders like us who post here. Ha!: Good observation! BWHAHAHAAHAHA,,,,,,,
ET is just a comunity of people in the Financial world....and I highly doubt anyone on this site is taking seriously, let alone REAL TRADERS.... Et chat, real time during trading hours is ok be even then you get yahoos coming on calling markets and predicting moves... So, im not so sure individuals come to this site to read what the real traders from ET have to say, , because IMHO....most of the so called Real traders are full of shit. BUT there are a few, who can be helpful and have intellectual insight on things.