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Scotty B replied Aug 8, 2010Hmm.. Well... bluffers, mistaken dealers, or just some stop volatility that someone got a good deal on.
Why Do We Have False Breakout
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Scotty B replied Aug 8, 2010Yeah, and it's really too bad. I say anyone with a brain and a will is capable of anything. I left the fibs in the dust because I saw the futility in them. They hindered me from learning the true mechanism(s) that moves price. They were a grand ...
I am demotivated...
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Scotty B replied Aug 8, 2010Yes Sir. It goes along quite well with your signature. Most people just don't like work though, they'd rather spend their time complaining, overeating, TV watching, and the like. Everything one needs to know to become a profitable trader is just ...
I am demotivated...
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Scotty B replied Aug 8, 2010“Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated ...
I am demotivated...
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Scotty B replied Aug 8, 2010Must not be very many dealers trading in your random market. That or they've all quit taking their Adderall or maybe there is only one liquidity provider who can get away with quoting large spreads.
Market Random and Predictable Parts
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Scotty B replied Aug 6, 2010So your broker really moves the entire market to take out your tiny little stop order? Why would he do that? What is the advantage/disadvantage of knowing where stop orders are and trading with them?
Beat brokers at their own game - trading round figures
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Scotty B replied Aug 3, 2010Just wanted to mention that when you hear traders talk about 'mis-pricing,' they are talking about when a dealer or dealers adjust their prices by mistake when they believe adverse selection risk is immanent while it's really not. For instance if a ...
Question on how price moves
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Scotty B replied Aug 3, 2010Depending on the market, you'll usually get better pricing via a discriminate market order. When you pre-communicate with a dealer about your intentions to trade with size, the quote he/she will give you will be at a substantial price concession. ...
Question on how price moves
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Scotty B replied Aug 1, 2010I would be considered just a private day-trader i.e. supply liquidity (buy at bid, sell at ask) as well as take uni-directional positions. A position trader has traditionally been a floor trader who works as a dealer who also trades for his/her own ...
What type of Trader are you?
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Scotty B replied Jul 29, 2010These guy's formula worked really well, well, maybe not. url
Equation for ALL financial markets
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Scotty B replied Jul 29, 2010What about the effect that you yourself would have on the market with your own trades? Your trades would mess up your predictions. Even if you had a really good 'formula,' eventually nobody would be willing to trade with you, or when you did trade ...
Equation for ALL financial markets
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Scotty B replied Jul 28, 2010Asymetric dealing based on volatility is another healthy option for the average uninformed trader.
this is a debate about how to not predict the market
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Scotty B replied Jul 27, 2010Trading and Exchanges by Larry Harris. I say that one has no business trading with out spending a good 50 hours reading and digesting this book.
Best forex and/or trading book you have ever read?
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Scotty B replied Jul 18, 2010I like your thinking, sir. Welcome to FF by the way.
Why are most retail traders usually on the wrong side of the market?
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Scotty B replied Jul 18, 2010You sum it up very concisely, I like it. To be right means to know what the big money is thinking/doing/looking at. To be wrong means you're uninformed. To be lucky is neither.
Why are most retail traders usually on the wrong side of the market?
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Scotty B replied Jul 18, 2010There is much more to it than that. There are many classes or types of uninformed traders that supply liquidity to successful speculators. Here is the scoop in a nutshell: Trading is all about the interplay between intrinsic value and market value ...
Why are most retail traders usually on the wrong side of the market?
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Scotty B replied Jul 18, 2010Retail traders are in most cases uninformed. They usually have little to no knowledge of trading, or even the markets in which they trade. Most of the time they use only old prices (charts) to make trading decisions. They are under-capitalized and ...
Why are most retail traders usually on the wrong side of the market?