Who to listen to at ET?

Discussion in 'Trading' started by Darc, Oct 30, 2022.

  1. TheDawn

    TheDawn

    IMO the biggest difference between institutional and retail trading is the different cost structure. They have lot more money, hence lot better cushion to absorb losses. To them, 10% loss is lunch money. To us, that's 5 weeks of grocery. LOL And because of that, their risk management and capital control strategy are all different from us retail traders. Honestly with the way that they trade, they wouldn't survive a day in retail trading. LOL Whether they have to buy and sell in chunks, that I dunno.
     
    #81     Nov 1, 2022
  2. zdreg

    zdreg

    Ronald Reagan said trust but verify.
     
    #82     Nov 1, 2022
    jys78, TheDawn and Laissez Faire like this.
  3. taowave

    taowave

    Darc,I and several others are ex hedges, ex Investment bank traders,and from my perspective the biggest difference is trading OPM and customer flow. Another factor is Institutional guys are surrounded by really bright minds...

    Other than that,with zero commish,great "retail" software available,the playing field is pretty level..

    I may be in the minority,but I would find a trading coach,mentor /teacher. But above all,you have to have the ability to hear,which as you can see,many ask,but few listen.

    I would not quit my day job.Start with a style that doesn't require constant focus,and start with a style that fits your temperament. Start small and understand capital preservation. Make it enjoyable.

    Once you find a style/methodolgy,backtest away..Portfolio 123,Orats,Quantshare/Amibroker off the top of my head..

    You are already asking the right questions,but find the answers for yourself.Ive been at this for a while, and have learned from guys like Des and NewWorld.

    Don't fall for the retail guy can't compete with Institutional..Utter nonsense.Buffet says it,and I could prove to you that being retail has its advantages..








     
    #83     Nov 1, 2022
    MrMuppet, ET180, zdreg and 3 others like this.
  4. zdreg

    zdreg

    Correct.

    Unfortunately there are are ET posters who are trying to eliminate the zero commission model by insisting that the payment for order flow practice be outlawed. No matter what numbers or arguments you present they cannot mind their own business and are insistent on trying to eliminate the practice.
     
    Last edited: Nov 1, 2022
    #84     Nov 1, 2022
    taowave likes this.
  5. Nine_Ender

    Nine_Ender

    If you are being serious, I have to question your ability to recognize quality advice on here based on your posts. One of the reasons I often don't post trading ideas on here is this place often dissolves into a swamp of overly bearish crash talk and conspiracy crap. That current is so strong why bother ? You are coming off as a fan boy for short side trading; not sure if that is your intention. It gets comical when markets are clearly bullish on the day, there are great trades in things like energy stocks and copper stocks, and you're living off Calhoun's cheerleading on some useless UVXY gamble. I know, I know Covid lows will be breached by August 2022 etc etc how did that sentiment help you trade in October ?
     
    #85     Nov 1, 2022
    Darc and lucysparabola like this.
  6. taowave

    taowave

    If the payment for order flow is outlawed,I am F=×ked,and back to square 1...nah,square 2...

     
    #86     Nov 1, 2022
  7. zdreg

    zdreg

    Same boat. It is a lonely battle against these tone deaf ET posters, who refuse to look at the retail beneficiaries of POF.
     
    #87     Nov 1, 2022
    piezoe, Rams Fan and taowave like this.
  8. taowave

    taowave

    Ist it always easier to blame others for their misfortune than take responsibility??

     
    #88     Nov 1, 2022
    Rams Fan, zdreg and rb7 like this.
  9. zdreg

    zdreg

    Exactly. I can guarantee 95% these ET posters advocating eliminating POF are net losers to the market under all circumstances.
     
    #89     Nov 1, 2022
    Rams Fan likes this.
  10. Pekelo

    Pekelo

    "A consistently wrong person is just as valuable as a consistently right." ---- King Arthur
     
    #90     Nov 1, 2022