why Wall Street traders win and you don't

Quote from pavlov0032:

The guy who runs tradingraw.com uses neither bloomberg terminal nor some HFT like platform,just a plain Blackwood platform and he makes money 99% of trading days
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you are such a sleezy little fuck.

http://www.elitetrader.com/vb/showthread.php?s=&postid=3030916#post3030916

You're pumping you're own damn website.

Same BS there

Quote from the1:

The three pillars -- content, execution, discipline. That leads to a 99% win rate in terms of days? That's laughable. Unless he is making a market that is statistically impossible.
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Don't even waste your time with that fool.
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Quote from 1flyfisher:

The folks at Financial Institutions like Goldman or any other financial firm pick any have access to information you do not have and never will have. They have hundreds/thousands of eyes watching everything. This alone has you outmatched. They have teams of economists following every little gyration in the economy and teams of financial analysts that are 10 times financially smarter and more financially astute and savvy and better educated that AJT. Every move of every market is seen. They have access to CEO's of every company, politicians around the world. They have teams of folks following events around the world. When information whether economic or political breaks they are way ahead of you. They know market moves ten moves before you do. Whether it is the direction of the price of a stock or corn, wheat or oil or platinum or gold or currencies or what have you. They are smarter than you, they are bigger than you, faster than you, stronger than you and in this reality david gets crushed 99.99% of the time.

It is like some amateur chess player going against a chess master. The chess master can see everything unfold a dozen moves ahead of the amateur. He sees the entire board. The amateur at best can only hope to move his piece correctly with his current move. The amateur is just guessing. The professional isn't guessing he knows the move to make and the direction to go. The AJT only hopes and guesses he is making the right move guessing the right direction of a security. The chess master takes his pieces away at will. This is wallstreet slowly taking away your pieces little by little one piece at a time. This is the AJT vs Wallstreet.

You are bringing a knife to a gun fight. And the guns they have are howitzers and m1 tanks, fleets of jet air craft, nukes/

You little peons just don't get it all? Do you? How badly out matched you really are?

All you can hope to do is scratch and claw by guessing and gambling.
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THE idea is not to trade Against them,

Let alone try to Beat them...

but rather to LEAN on them,

and ride them....

like the disgusting, risk subsidized,

fat bitches they are.
 
Quote from the1:

And what happens to the WST who averages down and QE2 doesn't happen and the market doesn't come back for years? He'll suffer more than just not getting a bonus.

Wall Street has information you or I don't have, they make markets, and they have access to order flow that they can front run. It's an absolute racket. Daylight robbery in the clearest sense and it's endorsed by the government because Wall Street and the Fed own the government.

Now I gotta go watch the Bears. They better not lose to those sorry ass Vikes up in Siberiaville.
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Woohoo we are crushing the Vikes, winning the division, Hester set the all time record for td returns, Favre took a career ender to the dome (wishful thinking)and a Bears fan chimed in with the correct answer to the question of this thread. Dont argue with this guy, what he just laid on you was exactly right. If you disagree, try to figure out what you are thinking that is incorrect.
 
Quote from athlonmank8:

are you kidding? You believe what you see on youtube?Comon....get real
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I've seen his trading real time, and it is real, unlike your BP in your demo account
 
Of course institutions and investment banks have advantages in market knowledge, current market play at any one time and money power to deploy. This is WHOLLY IRRELEVANT to the amateur trader with limited capital who wants to make his money in the markets.

You as an individual trader have only to apply rationality to what you see occuring on market charts. Yes, thats correct, you see price doing what? Going up and down? Correct - gyrations, waves, swings, whatever you want to call what you see.

Shut out all irrelevancies. Get down to your study and preparations. Concentrate where the money is waiting for you to collect it. Plan how you will exploit the markets daily gyrations (eg CL). Sim test your proposed methods. And accordingly either devise or adopt a reliable methodology to take as much you can from the sequential swings which make up the days price gyrations.

Remember, bottom line, making yourself rich is still a choice.
:)
 
First of all, Wall Street guys vs Average Joe comparisons are often monochromic, and thus simplistic. Relaity is more complex: not all prop desk or hedge funds make money and not every average joe trader loses, allthough a vast majority does. For the sake of the discussion and to keep it simple I'll stick to WS vs AJT.

WST's edge is multidimensional and mostly structural:

1) Better technology
Local traders used to have an edge in the pit by seeing the paper coming in and trading the order flow. That went to the screen, today algos snif out AJT liquidity and make the spread.

Another example is the use of quote stuffing by some HFT boutiques to saturate the quotation sytem for latency arbitrage purposes. AJT watches the free manipulated CQS NBBO while WST algos use the non lagging Openbook data feed.

2) Better information
It has been said before, big houses spend millions of dollars in information research, networking and intelligence. There is a reason for that.

3) Larger accounts
Larger enough to move markets. NYSE Trading Programs used for index arbitrage, etc

4) Less constraints
While WSTs have to perform, they have way less constraints than AJT. They get paid a fixed salary, so they can have a 0% return or even negative and yet pay their bills; and probably keep their job. That's less pressure than AJT that needs to make money to live. Secondly WST has access to more capital and usually uses little leverage if none so they can sit on a loss, dollar cost average it on the way down and wait it out. On the other hand $10K AJT uses maximum leverage, is forced out of his loss by a margin call, is prone to overtrade/trade in unfavorable market environements.

5)More sophisticated strategies
AJT mainly focuses on directional bets and concentrates the risk. WST may use more sophisticated/less risky strategies and diversify their risk.

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These are just a few examples off the top of my head, so the list goes on and on.
 
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