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Why do you copy and paste my old post?

Whitster, I'm sorry I really don't have time for this... Instead of focusing on the definition of zero sum game... All you need to know is you have a lot more people to profit from than your speculator friends...

Hi Mark, Thanks for pointing it out... I guess I need to take responsibility - why my friends are not sharing their trading secrets with me... I guess it's not them, it's me... I've probably slowly turned into an ass along the journey... Time for some soul searching...

When you're buying Euro dollar, you're buying (going long) Euro dollar no matter you're buying cash, futures, options, swaps, or whatever you can think of... When you are buying 1 Euro FX contract from CME, you're buying 125000 Euro... Arbitragers make sure that after interest rate...

Thanks for your post Mark... it is food for thought... From your view, competition is the main reason behind the secrecy and this is the same for other disciplines... From economic 101, we learn that competition comes from scarcity... so basically we're assuming the sharing of secrets...

Completely agree... The problem itself couldn't be more complex...

I didn't mean that NO successful trader shares his/her methods. I've seen many who did exactly that... my hat is off to them whenever I see such cases... However, I think it is fair to say that there is more secrecy in trading when compared to many other professions, say, the medical...

Arbitrage against underlyings...

Have you ever wonder why successful traders are so secretive about their trading? In other disciplines, you generally find successful people open up and share about their experiences and success... it is human nature that people WANT to talk about their success... it feeds the ego, and...

This is incredible... Not too long ago in 1998, it took 14 of the most powerful banks in Wall Street to bail out LTCM, costing $3.6 bln... These days, Bear Sterns can do a similar size bail out alone... These banks has really become big the last decade thanks to all these liquidity...

The number of winners vs losers is only one figure to look at... the more important question is... how much the winners win vs how much the losers lose... If you look at the number of winners vs losers... I think the 80/20 rule might apply. However, being the elite 20% doesn't mean you're...