Traders make markets and provide liquidity which absorbs risk for investors and hedgers. It also makes the markets run smoothly but you don't like markets so why don't you go find a venue you can identify with.
The Truth About Trading!
- Thread starter MrScalper
- Start date
what you have is illusion self-grandeur or having an ego trip as 'trader'.
accept what the 'market' is and not what it is .
The financial 'market' is a scam and totally rigged. or just speculation on stocks prices. it's not a real market and has no impact on the companies or real economy. the market doesn't need you daytrade or swing trade the company shares. options or futures, market.
and yes, NYSE doesn't sell oil or any commodity. many brokers have settlement by 'cash' only. they have nothing to sell or deliver. they don't even have stocks to sell known as naked shorting , if you know what I'm saying...why you think they make insider trading illegal. the market maker would be screwed if he is short and 'sold' you bought the call options that increased 100 times overnight from 'insider informationa'
QUOTE="speedo, post: 4468283, member: 16863"]Traders make markets and provide liquidity which absorbs risk for investors and hedgers. It also makes the markets run smoothly but you don't like markets so why don't you go find a venue you can identify with.[/QUOTE]
accept what the 'market' is and not what it is .
The financial 'market' is a scam and totally rigged. or just speculation on stocks prices. it's not a real market and has no impact on the companies or real economy. the market doesn't need you daytrade or swing trade the company shares. options or futures, market.
and yes, NYSE doesn't sell oil or any commodity. many brokers have settlement by 'cash' only. they have nothing to sell or deliver. they don't even have stocks to sell known as naked shorting , if you know what I'm saying...why you think they make insider trading illegal. the market maker would be screwed if he is short and 'sold' you bought the call options that increased 100 times overnight from 'insider informationa'
QUOTE="speedo, post: 4468283, member: 16863"]Traders make markets and provide liquidity which absorbs risk for investors and hedgers. It also makes the markets run smoothly but you don't like markets so why don't you go find a venue you can identify with.[/QUOTE]
I am pretty sure speculators do not care one lick whether or not they feel the "markets need them". They just ride the coat-tails of the markets' actions.
This guy knows nothing of the markets, he just wants to come in here and whine about the injustice of it all. If you are going to sing the blues, you better play like Stevie Ray Vaughn or sing like Etta James.
Nobody is so-called...Elite...here
-- As far as I'm concerned, everyone here are newbies, or average/failed traders.And I'm not talking about making just 2% or 5% above market index benchmark averages. and being happy with that.
For us retail guys, with relatively small accounts,...we need to churn this trading machine on steroids. To make it all worthwhile our time.
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Marketraiders : if you are having a hard time cashing in, in the market, just say so. If you explain well and honestly what is happening that makes it so that you are not cashing in, many here MIGHT help you see clearer on what solutions exist so that you can move into profitability. Complaining or moaning does massage your ego, but not your wallet.
I'm sure price would be discovered well enough without everyone on ET since so few trade enough size to move it..... but so what? Many professions can be viewed as adding little value depending on your perspective e.g. priests, archaeologist etc
Just by shifting cash around i.e. buying stuff you 'create' gdp.
Just by shifting cash around i.e. buying stuff you 'create' gdp.
You are on the right track!
It is not a scam, but a business model to be precise. When the cosy cartels began to crumble due to government changes and regulations, the "whiz kids" put on the thinking hats and started to invent new ways to get money..it changed from a low fixed % to a near zero %, so the obvious answer was "volume"!
Funny thing is, even those "educated" in the highly sophisticated world of finance never bother to do some basic research to see how financial instruments "evolved".
So, YES, you are on the right track..it can be comparable with a scam, but it can not be called a scam
MrScalper,
I believe that trading is as easy or hard as the trader decide to make it, which in other terms (or a metaphor previously expressed in this thread) is: if trading is a circle and the trader is generally a square, well, then why not to change (the trading) into a square?
I did just that, I was trying to adapt myself to some arbitrary rules, well expressed in so many threads on this forum (or books that, fortunately, I never read) and failing consistently to follow these rules or to make any money. Then I got fed up and I decided to create my own rules based on my own personality (and my shortfalls) and surprise, surprise, I started to make money and gained confidence (about what I was doing) and made more money, since then trading (and making good money) has been super easy day in, day out...
At the end of the day, you just need to buy low and sell higher (or vice versa) to make money, so incredibly simple!
I believe that trading is as easy or hard as the trader decide to make it, which in other terms (or a metaphor previously expressed in this thread) is: if trading is a circle and the trader is generally a square, well, then why not to change (the trading) into a square?
I did just that, I was trying to adapt myself to some arbitrary rules, well expressed in so many threads on this forum (or books that, fortunately, I never read) and failing consistently to follow these rules or to make any money. Then I got fed up and I decided to create my own rules based on my own personality (and my shortfalls) and surprise, surprise, I started to make money and gained confidence (about what I was doing) and made more money, since then trading (and making good money) has been super easy day in, day out...
At the end of the day, you just need to buy low and sell higher (or vice versa) to make money, so incredibly simple!