Reality for an Individual Trader

comagnum · Mar 8, 2017

BUYSell12 - you are very naive & green if you think that price moving news & reports are an equal playing field for the uninformed penny pinching retail crowd as it is for the big Wall Street players with huge budgets to make sure they stay on top. It is not so much a matter of opinion but a simple reality. Not to mention the bogus new stories they can have generated to manipulate the uniformed crowd - even a mid sized hedge fund manager can do that.

Buy1Sell2 · Mar 8, 2017

You're wrong on all counts.

marketsurfer · Mar 8, 2017

sle said:
I am not, so I can tell you that despite all of the above (Bloomberg, good data sets, solid IT resources) it's hard to make money when your expected revenue is in tens of millions.

My experience has been that people who figure it as private traders do it by using the edge of being small. Once you descend into the world of low capacity opportunities, there is so much to do if you content with making a one to ten grand per opportunity.

Are you refering to tim sykes style microcap tactics?

surf

marketsurfer · Mar 8, 2017

comagnum said:
BUYSell12 - you are very naive & green if you think that price moving news & reports are an equal playing field for the uninformed penny pinching retail crowd as it is for the big Wall Street players with huge budgets to make sure they stay on top. It is not so much a matter of opinion but a simple reality. Not to mention the bogus new stories they can have generated to manipulate the uniformed crowd - even a mid sized hedge fund manager can do that.

Very true. managers have been known to even buy stakes in disruptive startups so they will be the first to be able to short the companies whose biz models get disrupted. try to get that edge as a retailer.

some of these posters are so delusional about reality its like they are brainwashed.

surf

sle · Mar 9, 2017

marketsurfer said:
Are you refering to tim sykes style microcap tactics?

I have no idea who he is, but yes, if you can figure stuff to do in micro-cap stocks/debt (not TA day-trading stuff, but real stuff - LS, maybe something CSA-like etc), there is probably enough to support a healthy lifestyle.

Zzzz1 · Mar 9, 2017

It's not as simple as it seems? Lol that was exactly our point which you refuted. You were the one who pretended that anyone with an Internet connection and access to yahoo news is day trading on an even keel with professionals. Let's agree to disagree.

Spectre2007 said:
https://en.m.wikipedia.org/wiki/Internet_troll

I read the definition,.. my posts weren't meant to harass. Just taking part in the discussion. I've seen all sorts of price action, the topic diverted to news trading. News trading has all kinds of dynamics in play. Just stating it's not as simple as it seems.

Don't let your arrogance turn into a handicap.

Chris

Zzzz1 · Mar 9, 2017

... Because Izzy says so? This website is so littered with wannabes... And it's incredibly refreshing to interact with informed people. @sle, and @comagnum are some of those few. You should listen to them more often.

Buy1Sell2 said:
Your thinking would be wrong.

[/USER]

Zzzz1 · Mar 9, 2017

You are on ignore and that takes usually quite a level of well...... You get the point. Good riddance.

Buy1Sell2 said:
You're wrong on all counts.

BONECRUSHER · Mar 9, 2017

comagnum said:
BUYSell12 - you are very naive & green if you think that price moving news & reports are an equal playing field for the uninformed penny pinching retail crowd as it is for the big Wall Street players with huge budgets to make sure they stay on top. It is not so much a matter of opinion but a simple reality. Not to mention the bogus new stories they can have generated to manipulate the uniformed crowd - even a mid sized hedge fund manager can do that.

Pretty damn sure the big players profit from their upgrade/downgrade announcements too...what a scam!

sle · Mar 9, 2017

BONECRUSHER said:
Pretty damn sure the big players profit from their upgrade/downgrade announcements too...what a scam!

Actually, that Chinese Wall between various parts of IBs, such as research and trading, is pretty real. It's surprising, considering how much other shit is going on, but I guess IBs have been burned on the whole information leakage a few times.

For a smaller investor who wants to play the mosaic-like game, much of MNPI can be synthesized from talking to the management, reading the disclosures, visiting the production site etc. Also, shady things like dating the secretaries that bigger funds would not touch with a six foot poll.