To be a great trader you must think like a "pro dealer."

Quote from achilles28:

You're a squatter?? LOL

Here's a tip: Next time you pretend you're a bigshot investor, don't mention the fact you squat in a house because you're an irresponsible fuck who can't make the mortgage payments and didn't see the housing bubble coming from a mile away. It makes you look like an idiot. :D
More...

for mav & achilles

I mostly inhabit the P&R section and we INORDINATELY have our share of looney tunes leftists's down there so I can see where one can presume to take one's statements at face value (upon first encounter) but as the exchange has progressed don't you see the probability for extreme sarcasm rising exponentially?


I myself think you 2 have been duped into doing exactly what we conservatives ascribe to the leftists ie (letting your emotions get in the way of rationality).


If I'm wrong then I'd say oldtime is the perfect replacement for nancy pee.
 
This isn't the first time Oldtimer posted about squatting, or cheating on taxes etc. Initially, I thought it was a joke. But I think this guy is the real deal - a fuck up.
 
Quote from oldtime:

good idea, I think they're about ready to pick up and move back to Oklahoma to escape the drought. I have a friend on work release at the reycycling center and he can get me plenty of plastic bottles with the labels still intact, so we could start up a little drinking water business and maybe pick up a few extra bucks selling them at festivals.

Laugh if you want, but the American Entrepeneurial Spirit is still alive in the USA.

Get yourself a good CPA, bribe a few politicians and maybe the Sheriff, and lay low under the IRS radar, and you can make it.
More...

Hey keep working at it and maybe one day you too, can have the bottom of an overpass named after you.

Trust me once I did that, my status amongst the female hobos went to stardom status. Less crab eating and the DOT cleans your place gratis no tipping required. :D
 
Quote from RangeTrader:


I have in the past switched trends for hours in small stocks with single large market orders. My orders only moved price like a couple cents, but other traders in the market saw the moves and went with it and switched trend direction exactly at my orders. Nobody screws with the biggest fish in the pond except a bigger fish.
More...
Isn't this market manipulation/illegal?
 
Quote from R. Raskolnikov:

Why would that be manipulation? If true, all he did was place a large mkt order to buy. Nothing wrong with that.
More...
Yes I agree. I am sudying for series 56 test and I have to learn about what is Manipulation according to the Act of 1934: "To effect, alone or with one or more other persons, a series of transactions in any security registered on a national securities exchange or in connection with any security-based swap agreement (as defined in section 206B of the Gramm-Leach-Bliley Act) with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others."
 
the best way to move it is to place a mkt order for 100 shares, then they know the dumbshits are coming in.

Doesn't do you any good, but for a few minutes they bid up the price thinking there may be more of you out there. Like maybe it was mentioned on CNBC. or in a popular newsletter.

Those Black Jack dealers have it figured out, they send in the friendly little old man and everybody gets to counting cards. And then they send in the beautiful girl and everybody gets to counting some other dimensions.

If you want to be a "Great Trader" you need to think like that.

That's how all the great traders I know do it.

Normally, great traders like me don't share our secrets with the unwashed, but since it is Fourth of July, I figured you all should get a little Independence.

(this does not apply to you sons of a bitches over there in England driving down what you call "The Great British Pound" and what I call the goddamn british pound on our National Holiday. Give it a rest already, I'm long.)
 
Quote from oilfxpro:

No , he has got it right ! You are all nuts!
More...
yes oil, we all know your system, if you can make a penny per trade you can rule the world if you make it up on volume.

Let me know when you start offering girls, free drinks and a buffet, and I will start taking the other side.
 
But his example doesn't say that his goal was to induce others to purchase, only that his orders are placed at such prices that other savvy traders naturally react, creating momentum.

I think the point he was making was that his orders, while only moving a stock a few pennies, are so well timed that his actions naturally draw other traders to follow suit, creating what can be looked back upon as having switched a trend.



Quote from zbojnik:

Yes I agree. I am sudying for series 56 test and I have to learn about what is Manipulation according to the Act of 1934: "To effect, alone or with one or more other persons, a series of transactions in any security registered on a national securities exchange or in connection with any security-based swap agreement (as defined in section 206B of the Gramm-Leach-Bliley Act) with respect to such security creating actual or apparent active trading in such security, or raising or depressing the price of such security, for the purpose of inducing the purchase or sale of such security by others."
More...
 
You must log in or register to reply here.
Back
Top