To be a great trader you must think like a "pro dealer."

right, there's no figuring what a "savvy" trader will do, so why blame me if they all buy after I do?

What's next? Are you going to throw me in jail for my Animal Magnetism?

Hey, us "Great Traders" just have it.

Go to Las Vegas, and start thinking like a dealer.

Pretty soon,you will start worrying more about rent and keeping your job, and trading great will seem relatively easy.

You must think like them if you want to be great.

At least, that is what I have learned from this thread.

 

ah, cause I kind of like the kid. Reminds me of everytime late at night I think I have it figured out and feel compelled (because deep down I am really a good guy) to share my knowledge with the world.

But I do it because of senility. He's still doing it on youthful exuberance.

I'll trade you ten of my senilities for one of your youthful exuberances.

 

Tossing 100k worth of shares around in a penny stock is like someone tossing 60,000 ES in at market.

People take notice and don't go against that persons bet...

Massive options bets in placed in the market before news events that hit the news are also somewhat market moving.

 

Seriously, Range. Make some live calls. Make us believers

 

yeah, but shouldn't he get some kind of an award for that?

 

The reason there are so many failed traders is that they don't approach it as a business but as gambling, and with superficiality. You have to have a viable product (method) to compete with the rest of the traders, you don't just trick them, or gamble against them.

 

You seem to contradict yourself: gambling and sequencing don't go together.

 

I have a little experience on both sides of the table, and other than the "cheating" ala the Tran group etc., the dealers are pretty straight, and no reason not to be. IMO.

http://www.blackjackforumonline.com/content/Brightint.htm

Don

 

I seriously doubt those who move liquid markets intraday do it to just get the money from us retail pikers.

 

There reason there are so many failed traders is because no one has a winning system.

People blame it on other things, like gambling (which admittedly, some people do treat it as), or poor discipline, and that may be true, but even perfect discipline only works if you have a profitable system, and almost no one does.

I believe last time this argument was made, someone replied with "no, it's discipline. There are tons of profitable systems out there, people just can't follow them." LOLOLOLOLOLOLOLOLOLOLOLOLOL!!!