Один человек написал (кто надо тот знает откуда очерк). По моему знает о чем говорит. На англицком, кому надо тот поймет.
Definition of Sharks :Institutional Traders (they are usually the best educated & best professionals that money can buy, they trade with somebody’s else money, are very highly paid, get fat bonuses, no emotions involved when trading.
Fund Managers,
Governments & Treasuries
Professional & Full time Traders
All of the above have a few things in common = GREED, they will drain & empty your trading account without mercy, they never say it is enough for the day, they are doing it because they can, they will never try & sell or teach you a winning system… They all play the ODDS & PERCENTAGE game. They don’t have Limiting beliefs & fears. In short they are everything that a Fish is not, They know & believe in themselves, they think like rich people, unlike fish who dream of winning the Lotto.
Definition of Fish:Beginners, Amateurs, Uneducated, inexperienced, Part - Time, software collectors, Gurus, Lazy, Fearful, Stupid, Know everything & don’t need to study, believe that Luck is needed, Superstitious with lucky charms & objects, inflexible, Like to be right all the time, blame everybody else but themselves when failing, believe they can make money by only making XXX Ticks per day.
They are the main MARKET FEEDERS, & there is a saying: Idiots could never become extinct, because they are always being replaced by new Idiots.
If you would like me to continue the thread & have questions you are welcome to participate, I am still a “Fish” but learned to feed next to the Sharks.
Actually I have a personal example which I’ve mentioned in one of my previous threads called The Ultimate Trading Game where the Sharks know in advance about the move, they plan it & execute it with deadly (for Fish) precision & efficiency.
Please keep in mind that the major Market Makers / Movers & Institutional traders, with the help of fast & sophisticated computers, trading software, fiber optics connections have the power now to manipulate markets even to a greater extent,
many traders who are professionals (or as I call them Legends In Their Own Mind), still use “old school” thought process, where they believe that Volume data provided by the exchanges reflects the true real volume of trades, to prove my point, observe the bid / ask DOM data, & you will see that very often the market moves in the opposite direction of the higher visible (to us) volume / trend, there are 2 ways (as far as I am aware of) which makes it possible:1) Iceberg orders
2) Robot order, this is the latest (has been for the last 2-3 Years) innovation & imo it should be outlawed, it enables the Sharks to places thousands of orders in a matter of split seconds, by sending them in small packets which are in stealth mode to anyone following the volume of orders flow, that is usually enough to bounce the price by 6-10 ticks (long or short) and before the market has time to digest what is going on the robots have already flattened or reversed the orders, and those who are in the way with their stops are being taken out, or even worse they continue a worthless trend that is bound to reverse.
The above is especially critical in the Forex & Futures Indexes, 80% of traders believe that the high volume determines the direction of a trend, they are clueless about what really moves a Futures Index. People keep forgetting that the Sharks know that 80% of the traders are UNDER-CAPITALIZED, & many are being taught to trade from 5 minutes charts, & they know at what indicators & charts the Fish are looking at. Keep in mind that every software developer has a dream of making it big by selling their software products to Institutions, & they are usually the first to test all the latest programs. There, they don’t have to worry about software piracy, & they make money from accounts services.
That is why a Pro. Trader will know that with the same setup & signal he could always have a different & random outcome to the trade (unless instigated by Sharks…),
many people make the fatal mistake of basing their trade decision on ONE of the following: for example, Market Profile & Value Area / Zone, Previous or Current Pivots, Supp. & Resistance, or past volume, it is all “Yesterday’s News”, from experience imo, it is like playing Russian Roulette, sooner or later you’ll get bitten in the but... it is especially critical in low volatility markets.Actually in a way, I’m looking forward for Shark’s involvement, without them there will not be any significant market direction, volatility or trend.
It all comes down to our individual comfort zone, when it comes to trading we are all diverse from each other with our reactions, I usually am at my best under pressure, when there is no pressure I tend to procrastinate & start thinking & analyzing too much when it comes to pulling the trigger & with me, it is a case where too much knowledge creates hesitation and deviation from my automatic execution & trade management plan, which could be deadly,
You wouldn’t believe it, but I sometimes hate more to miss out on a good trending trade than having lost in a trade, because with a losing trade I control my quick exit in a very efficient way with minimum loss (never use a stop).Sharks always had & always will have an advantage, I wouldn’t touch night sessions because they will exterminate u, (there is safety in numbers during day trading & not enough fish at night), when it is hard to spot the fish than u know that u r a fish with a target mark pasted all over u, Sharks trade the night session as well (they will always be where there is money to be made), especially they are ruthless at night because that is the time they have to recover losses from trades in other market sectors like options, stock markets, bonds, Interests rates etc.. & with less opposition & regulatory supervision they are free to feed, in other words they have to meet set budgets as dictated by their respective firms..
I believe that it all comes down to personal preferences when it come to selecting the signals to enter a trade, I am a percentage person anything that gives me statistically a 65%+ success rate with minimal risk exposure + consistent rewards,(i.e. ROI) is good enough for me. My trades usually last from 1-14.4 minutes, & I can do it because of the low commissions which never come into consideration while trading, (I never touch brokers who use spreads they are robbers), Many traders will lose winning trades because they try to break even with a trade that goes against them, or some are chasing the nice & round numbers & guess who is waiting for them.
Some people have sent me messages why I keep mentioning the fact of NOT using stop-loses, please by all means, use stops if that is part of your Guru’s training & preaching, & if it makes u feel comfortable USE IT!!! Here is my take on it, in History it never happened that anybody won a defensive war,
it is impossible to win a war by just defending, trading is a WAR, we r fighting for the integrity of our trading account, where besides the brokers we have to spend money on data & trading loses. & then some have to face the "music" from their partners in life,
by using a stop-loss we have conditioned our mind already for a possible loss which is a huge negative attitude, so instead of concentrating on the management of the trade, we have already made up our mind as to how much $$$ we accept to give away as a lose, & that is a negative mental attitude, it is like a big boxer that is worried too much about being hit by his opponents, in this case he lost the match before it even started,
So traders having their stops at X - XX ticks / pips when the market goes against them they hope then for a miracle & pray to their gods that their stops will not be taken out, and there will be a turn-around to their direction of trade, but instead they could have managed their trade in the right way in ACCORDANCE TO THE MARKET CONDITIONS of that particular real time instant, & they could have cut their losses short would have re-entered the trade in the opposite direction ending up with a greater win & most important with a good positive motivational feeling
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One sure sign of a Pseudo-Expert (= He doesn't know what he is talking about & is NOT a trader!!!) His writing is unclear and difficult to follow. Unclear writing comes from unclear thinking. A TRUE Expert will be able to explain complicated ideas in ways that are clear, coherent and easy to understand & Most Importantly, are Practical, TRADABLE & Profitable
Вот так дорогие рыбки
http://quoteforum.ru...tyle_emoticons/default/smile.png
Сообщение отредактировал Pazan: 31 января 2010 - 18:51
Залетный дЭтЭктированный тролль.
Меня не интересуют прогнозы на завтра.