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No, it isn't. Thats why I wrote, every trade which is entered by a trader is based on a prediction that it will be liquidated at a profit. In contradistinction, play in a derivative market by funds, arbitragers and commercial hedgers may or does have an offset elsewhere.

Every trade which is entered by a trader is based on a prediction that it will be liquidated at a profit. So logically is there any trader who is not predicting? Of course you can change the semantics and say that you are entering a trade expecting or anticipating or foretelling a successful...

What you overlook is that you don't know just how much you don't know. This is so true for amateurs dreaming of becoming successful full time traders. You wife is right because she instinctively knows that you don't know and women also know that men (most often) are dreamers. :)

Which Moving Averages and/or Indicators Do the Big Players Use? The answer is easy even if you know little about large players (funds etc). If an amateur is using an indicator it is merely a mathematical formula applied to price history up to the current live price. Do big players use...

This prediction game offers insufficient information to demonstrate any trading prowess in reality. But you win if you study the metrics of a market you want to trade and you apply a logical methodology to extract serial profits from that market. To operate such a methodology, you use a...

The question of speed of reaction is important. It is clear from ET threads that many or most are not wired with quick reaction brains. Or it may be simply that many do not want the strain of having to react quickly. You do not need to be superfast but you do need fast reactions for...

The less you trade, the more you win? This question is posed in a vacuum. If you do not have a reliable methodology, whether you trade less or more, you will not be winning. Assuming daytrading with a reliable (very high probability) system in a liquid and volatile futures market, the more...

You cannot become successful without a successful methodology. That is the key. Then trading itself throws up a psychological barrier for many amateurs which I fully understand. It can be very difficult for many to get into the habit of pressing the mouse to trade according to plan, even...

How do you deal with being wealthy or suddenly having lots of money? Same way as you deal with being poor or suddenly having very little money. You choose your state of mind, rich or not. So being positive has always worked for me. Little or no money has benefits. You are free. No one can...

Normally, as you will know, I always suggest the general principle of buying the upmoves and selling the downmoves using a system that is giving you reliable signals to do that in a volatile and liquid futures market. Here you exploit the gyrations, the swings up and down, as they follow each...

I can only comment from a professional trading stance. Assume daytrading and taking as much as you can from the points that the CL market offers, open to close. I don't use stops because my system has buy and sell triggers to follow. And of course a one minute chart is too slow. You can still...

What a fund (or a very large fund) may do, in both strategy and tactics, is likely to be different from what is best for an individual trader. Thus in my posts you will find me often referring to the individual trader because of the need for this distinction. To add to a losing position is an...

This is correct. :)

Scalping, if it means anything, is taking small or very small gains, with a high frequency, from a market as a practised form of trading. By definition a scalping trade is not going to last long. If it is an individual trading then a scalping trade may be inside a minute or it may last...

I view Larry Williams as innocent. But in this world it is not good enough to be innocent. You have to be smart as well. Now if you are smart enough not to get caught for anything, fine judgements as to the difference between being innocent and being guilty remain a dilemma for the great many...

"A fool and his money are soon parted." Contrary to beliefs aired in this thread, it is easier to build losses in a bigger capital sum account set up for trading in markets. It provides the latitude for mistaken or inadequate notions to govern trading decisions for longer. But a small capital...

For the many who don't know how to trade and who also average down as their buying tactics after a loss developing on an original purchase entry, here is something you can do. You have a losing original postion. Hold it. Do not add more. This is something you can do. What you are doing is...

Do you think you could teach someone? I can answer this question in a corporate/professional capacity. Assuming a professional trading system which requires only an operator, it will be specific in its user requirements. You will still want an intelligent committed employee. Assume...

A puzzle is presented by the market. Only if you know or want to know what the puzzle is, will you be able to solve it. Here is the puzzle: a market offers a maximum number of points per session, open to close. That maximum is defined by the gyrations. A gyration is a swing up followed by a...

This person does not appear to know enough. He is not convincing. And trading for a fund or large fund may be different from trading as an individual. He says diversify and he mentions Apple Computers and crude oil. If you are going to win in oil you need a single focus on oil as your only...