[realtraders] Another man's game? {01}

["Mark Brown" <markbrown@xxxxxxxxxxxxx>]

Hello TheRealTradersList,

  Another  man's  game?  All my life I've been told and lost money not
 listening to those wise words of wisdom. If you have ever visited the
 floor  of  any exchange while having a experienced local dictating to
 you  exactly  what is happening, then you have no clue who you are up
 against  when  you  trade  short  term.

  I  would  submit to you that in order to even attempt to trade short
 term  off  floor  without  this  complete  understanding is financial
 suicide.  Those guys slice and dice, they have optimized the data lag
 in  their favor. To think that the speed of a data feed or the number
 of  ticks  received will make you competitive with the locals is just
 wrong.

  That  doesn't  mean  that  you  would not be able to trade off floor
 successfully,   you   must  thoroughly  understand  your  competitors
 strengths   and   weaknesses.   Without  this  careful  training  and
 understanding what makes you think that you can compete fairly? Well,
 its obvious that good news and short cuts sell to the majority of new
 inexperienced  traders  who are starving for the quick acquisition of
 knowledge that will make them rich.

  I  would  have  to  suggest  that there is an optimal off floor time
  frame  for  every  tradable commodity. That time frame weather trade
  volume,  range  or  time  based  can be scientifically derived with
  mathematical  number  crunching.  This  is the equivalence or gaining
  years of experience via computer testing vs actual life experience.

  After  the  results of the number crunching has been reviewed (given
  that the testing wasn't tainted during the process with preconceived
  ideas) the in abilities of acting upon the data is probably the most
  common reason for trader failure. Not the lack of sound methodology.

  Mark --

.oİş°¨¨°şİ[ WWW.MARKBROWN.COM ]İş°¨¨°şİo.