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80% of the traders...
- Thread starter dgmodel
- Start date
Hey Dgmodel:
From my point of view to the extent that the specialist gets away with front running, "friends on the floor" and other shenanigans, I guess they can be said to be "the enemy". Problem is that there are more important (and unseen) enemies hanging out as well. How is it for instance, that Ted Turner can sell 55 million shares of AOL get sold without pulling the market, and "average joe" tries to move 10,000 and gets the shaft. For those that don't know about it, the institutional sale of stock is a "whole other world" that we don't get to participate in, but affects us quite a bit in both the short and long term.
From my point of view to the extent that the specialist gets away with front running, "friends on the floor" and other shenanigans, I guess they can be said to be "the enemy". Problem is that there are more important (and unseen) enemies hanging out as well. How is it for instance, that Ted Turner can sell 55 million shares of AOL get sold without pulling the market, and "average joe" tries to move 10,000 and gets the shaft. For those that don't know about it, the institutional sale of stock is a "whole other world" that we don't get to participate in, but affects us quite a bit in both the short and long term.
"How is it for instance, that Ted Turner can sell 55 million shares of AOL get sold without pulling the market, and "average joe" tries to move 10,000 and gets the shaft. For those that don't know about it, the institutional sale of stock is a "whole other world" that we don't get to participate in, but affects us quite a bit in both the short and long term"
he sells it at a discount and they line up the buyers before they print it.
he sells it at a discount and they line up the buyers before they print it.
100% correct! You are only competing with yourself when trading.Quote from JT47319:
We have met the enemy.
And he is us.
Apply the persistence to find a winning strategy, then apply it with unfailing discipline.
Success must be the result.
Conclusion: Only 20% of traders have the combination of a winning strategy and the discipline to apply it consistently.
>find a winning strategy, then apply it with unfailing discipline.<
>combination of a winning strategy and the
The one thing all losing traders have in common is there belief in discipline. The essence of winning traders on the other had is flexibility.discipline <
Knowledge is fixed in time, whereas, knowing is continual. Knowledge comes from a source, from an accumulation, from a conclusion, while knowing is a movement. - Bruce Lee
-ooO-(GoldTrader)-Ooo-