10 Futures Trading Skills
- Thread starter MattZ
- Start date
While I like your 10 list and understand that most such lists have 10, not 9 or 11, I might add the following skills or knowledge to the retail trader:
11. Of the 1982 current "trade rooms", just about 99.6% do not trade but sell (i.e. all vendor/no trader).
12. Therefore all of their revenue comes from selling goods and services and education to the retail trader.
13. Since they sell and do not trade, 99.6% do not have a track record
14. As a retail trader, you cannot learn what is not traded, not measured and not shown.
11. Of the 1982 current "trade rooms", just about 99.6% do not trade but sell (i.e. all vendor/no trader).
12. Therefore all of their revenue comes from selling goods and services and education to the retail trader.
13. Since they sell and do not trade, 99.6% do not have a track record
14. As a retail trader, you cannot learn what is not traded, not measured and not shown.
MattZ
Sponsor
I don't disagree with your points, but these are not skills, and all 4 points are simply one point: vendors sell. It's one's job to do his/her due diligence.
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Well I think it is a skill to know that rooms that pretend to be "trading rooms" are not trade rooms at all but sales rooms, yes? It is a skill to understand that trading is so hard that 99.6% of the nearly 2000 rooms out there do not trade, yes? I think it is a skill to know that typing out a trade, using dots and circles and lines or arrows is not really trading yes? Retail traders should be so informed methinks.
MattZ
Sponsor
...right, and applying your research and sticking with it, is not a skill? daily traders go belly up because they could not stick to their plan.