Disliked{quote} We would need 100 traders like Pat for this forum to actually be important to smart money.. yeah.Ignored
Only an Institutional traders filled another Institutional Traders but the guy who wins is the one with the latest news.
There is a book i read, I dont remember if it is Market Wizard, or another book,
But the thing i still remember from the story it was the time of Pit Trading.
The narrator said that during his time of Pit traders, they were trading Commodity Futures. At one time, Price went up significantly, but he was FOMO and Buy.
They need to shout to place their orders by their brokers. While he shouted at his brokers to buy $X amount of contract, another trader shouted at his broker to sell $X amount of contract.
Everyone in the pit looked at each other.
From this i came to conclusion that people said Retails Vs Instituional Traders is BS. Our Combine power is no match to one Institutional trader.
Not afraid to be wrong, ik what am goin' to lose!
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