A zero sum game?
Intraday trading
- Thread starter trader1974
- Start date
The entire tradig practice implies manipulation and deception to swing trades to your advantage when you are playing against other people with the same goal of making money.
Once you realize that deceprion in general is a natural animal trait even more. Its a natural trait of predators (which humans are)
You will understand that market manipulation and deception is part of the game
Problem is understanding the level of deception happening in the market
Thats where retail trader falls behind because we are always at an informational technological and financial disadvantage compared to institutional traders.
Once you realize that deceprion in general is a natural animal trait even more. Its a natural trait of predators (which humans are)
You will understand that market manipulation and deception is part of the game
Problem is understanding the level of deception happening in the market
Thats where retail trader falls behind because we are always at an informational technological and financial disadvantage compared to institutional traders.
What does Intraday vs Non-Intraday have to do with this?
Definition of zero-sum game
: a situation in which one person or group can win something only by causing another person or group to lose it.
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Control or not
You still need to understand what is happening
Alot of pro traders have no concept of how their own process works and start to give advice to people who have no concept how the market works
so we get these:
let winners run
Cut your losses
Dont pay attention to anything
Keep it simple
Blah blah
The blind leading blind
Except there is ine major difference
When a new trader looks at chart there is nothing in the background
When a pro trader looks at chart he sees everything that is relevant to the price action
Like the conditions of entire marker
The reaction to news
Or potential reaction to type of news
The patterns
Level 2 data and how it affects or might affect price
Rumors and how they affect the price
Financial documents or lack of
There is much more going on in pro trader's head than a new trader's head...
Problem is that alot of pro traders are not aware of the actual process because it runs in the background
And you basically cant explain it to new traders
You still need to understand what is happening
Alot of pro traders have no concept of how their own process works and start to give advice to people who have no concept how the market works
so we get these:
let winners run
Cut your losses
Dont pay attention to anything
Keep it simple
Blah blah
The blind leading blind
Except there is ine major difference
When a new trader looks at chart there is nothing in the background
When a pro trader looks at chart he sees everything that is relevant to the price action
Like the conditions of entire marker
The reaction to news
Or potential reaction to type of news
The patterns
Level 2 data and how it affects or might affect price
Rumors and how they affect the price
Financial documents or lack of
There is much more going on in pro trader's head than a new trader's head...
Problem is that alot of pro traders are not aware of the actual process because it runs in the background
And you basically cant explain it to new traders
Which one of these are you having trouble with?