The position jockeying alone before NFP, near major breakout highs, on an equity holiday will be enough to shake out weak stops. It's garbage trading.. pure garbage. You can spin the wheel and call out red or black and be right, but does that make you a talented roullette player? No, it just makes you lucky. The reason that the big traders are in the Hamptons tomorrow is because they deserve to be in The Hamptons.. The Junior traders are manning the desks because they still need to learn. You could make tens of thousands of dollars trading tomorrow, but your reward will be an undeserved sense of accomplishment that will lead you to a very predictable fate, going back to journalism school or whatever it is you did before you decided you were smarter than everyone else. Trading is about wisdom rather than intelligence. However, the truly intelligent can recognize that in time to become a trader rather than a statistic.
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- Apr 1, 2010 10:58pm Apr 1, 2010 10:58pm
- | Joined Dec 2009 | Status: Member | 1,516 Posts
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- Joined Feb 2009 | Status: Hasta la victoria siempre - El Che | 19,542 Posts
Doing what you like is Freedom. Liking what you do is Happiness.
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- Apr 1, 2010 11:07pm Apr 1, 2010 11:07pm
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- Joined Oct 2008 | Status: sideline is a position | 97,958 Posts
those who can, do. those who cant, talk about those who can
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- Apr 1, 2010 11:24pm Apr 1, 2010 11:24pm
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- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
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- Apr 1, 2010 11:30pm Apr 1, 2010 11:30pm
- Joined Apr 2009 | Status: Technical Artist | 1,609 Posts
Its all in the mind.
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- Apr 1, 2010 11:35pm Apr 1, 2010 11:35pm
- | Joined Dec 2009 | Status: Member | 1,516 Posts
- Post #219,716
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- Edited Apr 2, 2010 12:01am Apr 1, 2010 11:37pm | Edited Apr 2, 2010 12:01am
- | Joined Jul 2008 | Status: Clear Cut System Trader | 1,111 Posts
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- Apr 1, 2010 11:43pm Apr 1, 2010 11:43pm
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- Apr 1, 2010 11:47pm Apr 1, 2010 11:47pm
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Its all in the mind.
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- Apr 1, 2010 11:48pm Apr 1, 2010 11:48pm
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