Stop the lies

[whitster]

no, they (futures, options) are zero sum because of the structure of the market

stocks are not.

it is impossible, by the nature of the market, for more money to be won than lost in futures or vice versa (not accounting for commissions)


on the worst day ever, where the dow drops 50% in one day, exactly as much money will be won as lost.

the net is ZERO. hence, zero sum

this is not true of the stock market.

 

[whitster]

great post. i like to think of losertraders(tm) as liquidity providers. they provide a GREAT service. thanx guys

 

[Spectra]

Yep. Marks book is what a lot of the trades we do on puretick are based on.

Quote from RedDuke:

I want to mention Mark Fisher, a famous New York pit trader and owner of MBF clearing. He is a real deal, and he published a book several year ago called 'The Logical Trader', but he is an exception. By the way, I urge anyone to read this book, I do not use his ACD system, but the book shows you what can be done with a simple system.