Article: Intense competition makes it "basically idiotic to trade"

What do you guys think of this article that essentially says traders do not have a chance? Please read the entire article before responding - so that you hear out their reasoning. (It's just a 1 page article.)

http://tinyurl.com/27t4n8q


Topgun

oh no the sky is falling.

is it any surprise that someone who makes their money talking about trading instead of making money trading is also claiming the game is rigged and no one can win unless they are putting their coin into the "safe haven of index's" ?

i swear, the more they try to "make it all fair" the more they are making it harder for anyone to ever make a dollar, and the more pointless things become. sure there are people playing "unfair". good luck to them.

you don't ask a politician how to build a car or how to remove a brain tumor, you ask a japanese engineer and a surgeon. why? because they know their shit! yet the government puts their fingers into every aspect of our lives. here in australia one of our politicians is an ex singer for fuck sake! what a joke. there is no 'learning' to be a politician, you just put your hand up and try to make people hate you less than the other people with their hands up, and if you are lucky you then get to decide everything for everyone else and also get paid more money than some countries have.

clowns who know nothing have the biggest voices around town. yes, lets all put our money in indexes and then watch it drop as all individual stocks begin to flatline and average from the lack of participants who all left to go for the indexes.

ridiculous.

"The REAL lesson most investors should take away...is that competition in the global financial markets is so intense that it's basically idiotic to trade." -from article

Mom and Pop, Uncle Joe, and your cousin Carl...
they should invest... not try to time the market.

Traders (not Investors) should trade as always.
There is constant evolution. Do something different.
All the "big boys" started somewhere.

Kovner supposedly took $3000 off his credit card for his first futures trades. Richard Dennis ran $400 up to a couple hundred million dolllars in less than two decades. PTJ was a broker, then floor trader, finally billionaire hedge fund manager.

Trade baby, just trade.

No doubt all that information is valid and is reason enough for any retail trader to acknowledge the odds are against ultimate success. But it does nothing to shake the retail trader's belief that they can get "in and out" on moves while paying attention to their charts technicals. What I would like to see is an expose' on price manipulation via naked shorting....something that causes all the technicals to go to hell in a hand basket, and in a hurry!

Naked Shorting is still legal. And it is essentially selling what does not exist! It doesn't take a legal eagle to know that if non-existant shares are suddenly dumped into the market in sufficient quantity, price will fall. And quantity is no problem when they don't exist in the first place! It becomes a frightening matter of money and margin only, not ownership of something to sell!

Uptick rule? Ha! The naked shorters create their own miniscule uptick buys between naked shorts, at the lightning speed of their computers programmed to execute their take down of price. SEC regulation? Ha! We all know by now that "oversight" is a farce when those responsible simply sit out their term in "office".....literally sitting on thier ass, doing nothing (except maybe turning a blind eye to what the "Thieves of Wall Street" do).

So, if there is any really good reason for retail traders to wake up and just walk away from the stock market, it is that fact that the rich and powerful control prices in that market. And they use the dumping into the market of fictional shares to do so! Any market that permits the privileged to sell what doesn't even exist, is a market to avoid AT ALL COST!

Sure, those same crooks are in the forex market too. But at least here there is no "naked shorting". There is shorting of course. But unlike with the stock market, here retail traders can just as easily go short as go long....just like the crooks.

Why any sane individual would ever trade against the "Thieves of Wall Street" when there exists the forex market is beyond me. In my opinion, we should just leave all those bastards to play with themselves!

peter garrot "oh,no global pollution is rising because we keep increasingly trying to promote globalism,nd too many fatties are getting fatter ,we need carbontax to stop the pollution so then al gore ,goldman saschs jp morgan nd other assholes can make money trading the credits nd crap creating bubbles otherwise we are all gonna die,if you dont support this well it another 911 environmental type of event will have to happen to change ur belief system
arrrrrrrr the worlds gonna end ,the answer is goldman saschs,listen to al gore the word spreader who also owns 10% of the carbon trading company"

No worse than an actor becoming the President of the USA during the 80's.

They only count as nutters when they lean to the left...

If I am small and stupid they are big and lethargic.

With those examples where is my edge? I need to be smart and swift. Given that the enemy is big and lethargic, you take his weapons (eventually) and use them against him. As long as you don't fall into the bracket of being "stupid" you have every reason to continue.

Anyone can fail at this game... while if I or you fail I doubt any tears will be shed. If one of the big boys fall, it turns into a bailout for all the others. So if there is any reason to "not" trade it would be because your own personal tax base will be used to bailout your ultimate enemy.

The guy is more or less a banner boy of index funds.... if it's too hard don't try to learn anything, curl up in a ball and cry. Yeah that has done the world so much good. I would hate to think the world we live in if Wright bros, Alexander Graham Bell, Thomas Edison, among countless others would have given up under the first sign of trouble.

hey topgun...... john wayne has answered your question long ago.....

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only a small precentage of trading comentators/article writers have a clue at the subject...... they improperly use a few catch phrases to intice/confuse readers to cover their lack of anything valid to say.....

the article contains equal amounts of fact and fiction..... which equals recycle bin in my math......

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took a quick look at some of your posts...... there has been much debate here on ff on adjusting lot sizes...... most do not recommend it..... my thoughts seem to differ..... but doubling, that might be a tough shot for anyone.......

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if your concern on that 'recycle bin' article was whether or not to continue trading, on that i can not say....... trading is tough..... dang tuff .....

odds are if a hayseed can do it, so can you...... hang in there.......h

inspirational stuff heyseed