Depends on which "others" they're trading with. Without some understanding of the dynamics of fear, greed, and probability, one better have great rules and excellent discipline.
I did not want to use this expression 'big players'. it means nothing. there are important traders and institutions in both pit and mini. as well as program trading and arbitrage. and sorry to disappoint some, but traders aren't the market. volume is coming from outside. therefore traders aren't trading against each other (they do compete though). what moves the market is outside volume. without outside volume, traders just rotate price around to find outside volume. all part of the price discovery.
Well, without excellent understanding of the dynamics of fear, greed, probability, reward:risk ratios, as well as great rules and excellent discipline, one might as well go busking. ~Scientist
I'll be taking a tour of the CME floor next friday. I'll stop by the S&P pit and let you know what I find out rich
for the Big Boyz to be working against me, they would have to be working with each other. far far more likely they're busy taking chunks out each other's hides than worrying about insignificants like us. the money is in suckering the guy managing a $100M, not in suckering 50 guys trading $20k accounts at IB.
On the whole, I think it would be best to let you guys believe what you like on this subject. Have a nice day
lol. it could be worse: other places have endless discussions on how/why the latest pop was due to alan greenspan buying EBAY etc.