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Dumbass ? No need to result to insults. Moving on... Regarding your suggesiton that net effect of volume of trades at certain prices makes price direction predictable. In short, I don't agree. Re: your photo analogy... I think most people shown a photo of a blue sky would insist it is...

I agree with alot of your post. To be fair I doubt anyone has a full grasp of the market. Far too much going on for one person to know that. What I am suggesting is that yes once the trade is on there is too much out of most people's control (stops/limits aside) for reasons I have listed...

Thank you, especially for putting forward opposite (-ish) opinion to mine with out bashing me; it's appreciated. abc1

I take back my bow :) Although I do read some books I prefer to use my real life experience and my observations of others around me to form opinions. After all I am assuming that's how some of these books you refer to were written in the first place, excluding those which are fictional of...

Fair point Mr Sykes and I'll take a bow. However, how many people have access to see where stops are ? Even if these are listed on say level 2/order book it is surely a judgement call whether it is support or resistance, e.g., buy limits or sell stops etc ? Again that momentum you describe...

The concept of leverage to me implies margin trading or trading on borrowed funds or a combination of the two. Even if you are using leverage to become more hedged/reduce risk you are still leveraged at least one if not both sides. It is certainly increased risk; although to varying levels...

Again, where has any concept of failure come from ? abc1

Think of it like this. Call the toss of a coin 1 years worth of trading. A head is an up year, a tail a down year. Now say 100,000 people toss the coin 10 times. You would expect 5 of each head and tails for the majority. At the extremes are 10 up years or 10 down years, both of which are...

I've not used the word random. My point is that while one can use information to place a trade; the moment they enter that trade the profit or loss is generally out of their control (stops/limits aside.) The reasons for this include :- - Price movement is not predictable - Price...

Depends what use you are looking for. My post was based on my observations and opinions from real life market participation. Read into it what you will. Please expand on where you are reading any contradictions in my post. Perspective is quite the opposite of limited. I could expand a lot...

I cannot believe you are suggesting more leverage implies less risk. That is an outrageous suggestion. If it is that mindset which is allowing you to look at this thread and shake your head with disgust then keep shaking young man, keep shaking. abc1

Where has this concept of failure come from ? abc1

So much wrong with your post. Where's the ocnsistency in making more money in the last several years compared to your whole life. If your colleagues are so successful why have they ever been off the trading floor. Why have they not retired ? Finally no 'professional' - as you call...

1 - One and the same ? What are your other good reasons. 2 - They did. It was a $200 cut on their iPhone. abc1

Has the sub-prime and credit concern era passed you by ? Most definitely not perpetual upside. abc1

Wouldn't read too much into this. Late in the session and having been sold massively. Also, highs in between could easily be read as significant resistance. Either way, tomorrow's another day. abc1

How are you deciding outperform ? The market was buoyed by positive reports about Apple and Yahoo. That's fundamentals and nothing else. Admittedly the markets retraced today but again on fundamentals, i.e., housing sales 6 yr low and negative reaction to Apple's iPhone price cut. The...

How strongly is this spread linked to LIBOR ? abc1

I'm more inclined to think its in anticipation of a very unlikely FED rise or to a lesser extent a big fall out from no action, with perhaps some betting on more sub-prime and credit concerns in the two weeks which are about to lead up to the theoreical no cut decision. These option expiry...

Thought you may have meant me because your words were below my comment; although I did assume you were referring to the insightful words of our learned friend with the numerals in his name, 5t0ck tr8d3r. abc1