The first thing that occurred to me while reading this article, was how stressed out he was. That seems odd given his experience.
Broadway Trading again? Enough of the comedy. You may fool some, but not others. That shop is famous for being Blow Out Central when the Tech Bubble was busting. It was actually one of the first shops to go and was one of the loudest blow outs.
you cant really blame the author. He is simply writting what he is told, and what he sees around him. He probably doesnt trade. If he sees traders swearing, and acting like animals, then, yea, he's going to write that, and I'm sure in places like that, a lot of them get carried away in the heat of things. The whole point is to show that there ARE people making money in this market and its not the investors...its these guys like the one in the article.
Of course it is. His small group's blowup rate is high. And TA pretty much fails under longterm testing. The article writer is showing EXAMPLES of supposedly successful traders. Nothing is proven here
And fundamentals work well in the Bull Market we have had in the last 70 years (get yourself an yearly chart)
Gaj - The swearing was not the issue we are talking about. Many non-trading corporate professionals swear all day long at computer tubes. I know I did as a DBA at 2:00 AM when I used to recover 2 gigabyte databases before I retired to being a trader. However, I never recall DBAâs being depicted this way in any publication. What we are saying is this article characterizes traders as seat of the pants reactionaries who are ill prepared to trade, much less perform any function in society. The writer made it sound like traders are stealing from the markets (from the poor investor) as they collapse and are not grounded with any form of method or planning to do this on a regular basis. We are in effect the Gauls sacking Rome. The writer was blaming you and I for the markets ills. We are the bad guys. Think about it. The next time you are introduced to some one new as a trader. Is this the characterization from this article the way you want to be pictured?