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I assume you mean stock trad3r ? abc1

Couldn't agree more. Two weeks until FED decision in these market conditions should be enough reason for anyone to exercise considerable caution. I believe today's relatively narrow range on the Dow emphasises this too, in addition to the continued NASDAQ "safe harbour" plays. abc1

Please explain what you mean. If - and I believe its a big if - the Dow reaches 14000 again by the time of the rate decision and the FED decides to leave rates unchanged you can see those gains disappearing considerably more quickly than they were made; which is very significant bearing in...

I don't really like the word luck. Too much like rolling dice. I am not saying that chance is moving price. Of course there are always tangible factors determining price it is just that with say, for arguments sake, 1 million people trading one instrument and all with different agendas, why...

Of course there are set of factors which usually determine price movement but the weighting these have day to day, minute by minute is out of our control. I am not saying they are random; human beings by nature are for the most part quite predictable. See any of stock trad3r's posts for example...

Exactly, this is the point I am trying to make. At most one can assume/make/ even hope (!) for a certain outcome with reasonable expectation but cannot guarantee it. Therefore with results outside of one's control how can any one trader claim skill. Traders saying they have skill is...

I have seen people make a lot of money; some in the matter of seconds. However these are definitely in the minority. I agree fully with your second paragraph. My main point is that chance dominates over skill. Yes of course one can make lots of money,there is lots of information out...

But my observations have little to do with lurking. True some of my observations from real life are echoed by some of the posters here but that is a moot point. I have been trading on and off for over 10 years. I only registered with this site over a year ago but my experience extends that by...

Possibly bankrupt if they used two accounts. Seriously the logic of opening up oposite positions in the same stock makes no sense whatsoever, other than to pay more commission. abc1

Hmm... it's beginning to look that way. That said I have found some interesting posts. ABC1

Short time ? Definitely not. Or are you referring to the forum ? Where did I say I have surrounded myself with losers ? You misunderstand. I'm posting my observations on trading based on real life experience. It was supposed to generate some healthy debate about chance in trading. It was...

It's a bit difficult to be enlightening when the majority of people who reply fall into the 99% I was referring to in my first post. Is there a section on this forum where finance professionals generally gather ? I'm looking for intellectual debate. ABC1

Why would anyone use volume ? All it shows is the number of contracts that have traded at different prices. What happens next is a pick 'em. ABC1

I suppose you could count derivatives but again they are derived from the underlying stock price. The point I am making is that stock price does not necessarily mirror the performance of the company. ABC1

They have everything to do with it. Think of the amount of news and other traders out there during that 60 seconds. Your attempt to scalp could be in ruins before you know it. Interesting philosophy but a bit flawed (no offence intended.) You are never buying or selling the company; you...

Having spent over a year lurking on this forum without posting I have now decided it is time to post. My thoughts on trading come from experience as a trader, having seen other people trade, some reading and an open philosophical mind among other things. For a start there are several...