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

right, there's no figuring what a "savvy" trader will do, so why blame me if they all buy after I do?

What's next? Are you going to throw me in jail for my Animal Magnetism?

Hey, us "Great Traders" just have it.

Go to Las Vegas, and start thinking like a dealer.

Pretty soon,you will start worrying more about rent and keeping your job, and trading great will seem relatively easy.

You must think like them if you want to be great.

At least, that is what I have learned from this thread.
 
ah, cause I kind of like the kid. Reminds me of everytime late at night I think I have it figured out and feel compelled (because deep down I am really a good guy) to share my knowledge with the world.

But I do it because of senility. He's still doing it on youthful exuberance.

I'll trade you ten of my senilities for one of your youthful exuberances.
 
Tossing 100k worth of shares around in a penny stock is like someone tossing 60,000 ES in at market.

People take notice and don't go against that persons bet...

Massive options bets in placed in the market before news events that hit the news are also somewhat market moving.
 
Quote from Swan Noir:

Are you out of your fucking mind? You know less about how a blackjack game is dealt than I know about particle physics. You must surely be the largest single asshole ever to post on this or any other site.
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yeah, but shouldn't he get some kind of an award for that?
 
Quote from RangeTrader:

A professional high paid blackjack dealer at a casino doesn't just manually follow the odds and make the same high odds moves continually...
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This is what people don't get about daytrading... Most movements are generally just pure "game" with nothing solid behind them... If internals and the $Tick are clocking behind a move then it can "stick" better and retrace less.

Trading is kinda funny because 5% are the house and 95% are the players...
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The reason there are so many failed traders is that they don't approach it as a business but as gambling, and with superficiality. You have to have a viable product (method) to compete with the rest of the traders, you don't just trick them, or gamble against them.
 
Quote from RangeTrader:

The bottom line is... If you want to truly understand the market patterns you must understand the gamblers physiology.

A lot of people just don't "get it" when it comes to why the market is sequenced. There is specific reasons behind it.

This thread is to help those who want to "understand".
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You seem to contradict yourself: gambling and sequencing don't go together.
 
Quote from RangeTrader:

No they don't. I have been to shady indian casino's out west and observed dealers changing the odds and making slightly incorrect moves intentionally.

Well, not sure they were doing it intentionally... But in places they were not counting their cards right. And it was especially this one guy dealer that my friends were at a table with. They were idiots and didn't know how to play. When they switched in this female dealer she played straight and took all their money within minutes...

Previously they were winning 50/50 with the guy for half an hour then starting to slowly lose money.

Sent them straight from a around 45% win rate to a 25% win rate with the dealer switch... LoL...


It doesn't matter if they were playing people intentionally or not. That is the correct strategy for manipulating peoples emotions. Allow them to win a little... Suck them in, then pull the rug.
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I have a little experience on both sides of the table, and other than the "cheating" ala the Tran group etc., the dealers are pretty straight, and no reason not to be. IMO.

http://www.blackjackforumonline.com/content/Brightint.htm

Don
 
I seriously doubt those who move liquid markets intraday do it to just get the money from us retail pikers. :D
 
Quote from baro-san:

The reason there are so many failed traders is that they don't approach it as a business but as gambling, and with superficiality.
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There reason there are so many failed traders is because no one has a winning system.

People blame it on other things, like gambling (which admittedly, some people do treat it as), or poor discipline, and that may be true, but even perfect discipline only works if you have a profitable system, and almost no one does.

I believe last time this argument was made, someone replied with "no, it's discipline. There are tons of profitable systems out there, people just can't follow them." LOLOLOLOLOLOLOLOLOLOLOLOLOL!!!
 
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