Worden TC2005.
It is IMPOSSIBLE to make money in the markets
- Thread starter Ripley
- Start date
It is IMPOSSIBLE to make money in the markets
Stop and think about it for a moment
I have no way to verify the following, but it appears to be a never disputed proposition:
"MOST TRADERS - 95% - ARE LOSERS".
Assuming that commissions constitute only a part of these losses, where does the rest go? TO THE WINNERS. Hence, some make money in the markets.
Stop and think about it for a moment
I have no way to verify the following, but it appears to be a never disputed proposition:
"MOST TRADERS - 95% - ARE LOSERS".
Assuming that commissions constitute only a part of these losses, where does the rest go? TO THE WINNERS. Hence, some make money in the markets.
There is always one untrue myth that gets hammered and hammered to death at ET.
The myth is that your winnings in index futures are someone elses losses. Sure it is a zero sum game. But everyone at ET could win in index futures without effecting index futures. They would always be sustained by arbitrage. And there are different categories of professional player using index futures as hedging derivatives .. where any losses in the derivative mirror gains in the corresponding basket of stocks.
The myth is that your winnings in index futures are someone elses losses. Sure it is a zero sum game. But everyone at ET could win in index futures without effecting index futures. They would always be sustained by arbitrage. And there are different categories of professional player using index futures as hedging derivatives .. where any losses in the derivative mirror gains in the corresponding basket of stocks.
Quote from Cheese:
There is always one untrue myth that gets hammered and hammered to death at ET.
The myth is that your winnings in index futures are someone elses losses. Sure it is a zero sum game. But everyone at ET could win in index futures without effecting index futures. They would always be sustained by arbitrage. And there are different categories of professional player using index futures as hedging derivatives .. where any losses in the derivative mirror gains in the corresponding basket of stocks.
Cheese,
If I understand you correctly, you suggest taking postions in futures and positions in stocks. This is of course always possible. Whether this will assure the average Joe Blo at ET easier market wins, I doubt it.
20% of all wagered go to Brokers
10% of winnings to Exchanges (CME, CBOT, NYMEX etc)
35% to Goverment
10% to Trading Gurus/chat rooms/hotline writers
15% disappear within the system..(entropy/waste)
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Thus, 90% of all Wagered $ goes to someone else.
Thats going to leave 10% of the $100 up for grabs between traders. 90% of all MONEY just simply vanishes into thin air. It DISAPPEARS.
Its like a game where you pay $100 to have a chance at winning $10...
Thats why we'll ALL LOSE in the end.
Of course, the winners make money in the markets because they are winners/made money. But, the real winners are not traders.. the real winners are brokers, goverment, exchanges, fed, sec, trading gurus, publishing houses, datafeed cos, software cos, system sellers etc.. not the Trader.
You seem to think good traders are lucky. This is my 8th straight profitable year. I have not had another job in 8 years. My wife doesn't have to work, our car was paid for in cash etc etc.
Of course you have to adapt to the market to keep your edge, but any good trader can do that.
Maybe you should find a local prop shop where you live in hopes of meeting some real traders so you can learn something.