So What Did You Learn At The Arcade.....

RUDEBOY · Sep 25, 2005, 5:54am

Post 22. Socs, the "thin veneer" bit. I love it! Hope you are fine. Good trading. RUDEBOY.

RUDEBOY · Sep 25, 2005, 6:25am

Bundbaby, i can see what you are saying and i would probably agree with you in sorts. But, there is a bottom line. Can the individual come to terms with it? Obviously not in most cases. RUDEBOY.

spin2win · Sep 25, 2005, 8:11am

so are we saying most arcades just want vlume.. so there strategy they teach must be spreads as they will give 4 legs a trade instaed of 2 or 8 for flys.. is thjis true? anyone know arcades that just spin the bund outright for a tick etc? or are they always hedged?

RUDEBOY · Sep 25, 2005, 8:57am

Preferred method of execution, not trading method. Arcades fulfill thier buisiness by 'bums on seats', not education of the markets. Although, when they spot a 'natural', they will obviously want to use the individual to thier advantage. It makes sense to be ammicable with the 'good' traders.

bundbaby · Sep 25, 2005, 10:35am

Quote:

Originally Posted by spin2win

so are we saying most arcades just want vlume.. so there strategy they teach must be spreads as they will give 4 legs a trade instaed of 2 or 8 for flys.. is thjis true? anyone know arcades that just spin the bund outright for a tick etc? or are they always hedged?

Hi Spin,
Ofcourse Arcadedes want volume. Although, some of the trader owned arcades actually do understand that the traders have to be profitable in thier own right if they are gonna stick around. If you agree with that logic check out those arcades that have full time trainers. Also, check those that trade a multitude of markets. In my experience it is not about spreading and hedging at all.

SOCRATES · Sep 25, 2005, 1:05pm

Quote:

Originally Posted by fxmarkets

That makes sense then if the commission flow "is" their business, they dont need to care to any great degree if people are queing up to get in and pay them.Why budget for the extra cost if none is needed.

What is the advantage of going with an arcade? if you had the best dealing costs on spreads can you trade how you want to trade , not thousands of turns, I mean are you their customer or their servant? Can you go in at 2/3 am if you wanted and go when you want? What do they want from you, just volume & comms?

Can you not get their spreads /maybe platform but trade from home or another office ? I have no knowledge on arcades , is their any benefit to the individual ?

I sense that it could be the "sweat shop" end of trading, of course thats based on nothing, just the tone I'm picking up.

Quite so.

SOCRATES · Sep 25, 2005, 1:43pm

Quote:

Originally Posted by bundbaby

"What is the advantage of going with an arcade?" FXMARKETS

The major Benefit of trading from a "good" arcade is that you become part of the markets - immersed amongst other people, with a fantastic sense of what is going on. Difficult for me to explain in words - you have to trade from a professional office to experience and understand the difference.
This may not be so important for everyone, but here are something of what u get:
Speed, Instant feed back, opinions (good or bad) which make you think, often analysts / economists. Experinced and successful traders all around you.
THAT IS WHY THESE TRADERS MAKE MONEY, and mostly those outside the market place nearly always lose money

,
You are obviously subject to several misconceptions that I am going to straighten out for you right now.

This is because trading is an activity that cannot be shared, because it is very specific to the individual. It is the one arena in which sharing cannot and does not work.

You cannot become part of the market just like that. You become part of the market after many years of being a practitioner obsessively dedicated to the pursuit of excellence. We are talking of ten to fifteen years exposure or more, and of relentless sustained effort against all odds.

This idea of being immersed amongst other people, with a fantastic sense of what is going on is another nonsense, I am sorry to tell you and I regret it if it offends you, but the brutal truth is the opposite.

Real killer leading edge performance is not helped by having a roomful of individuals having opinions and sharing does not and cannot work.

What is required is the very opposite. Silence, isolation, introspection, observation, and applied thought without disturbances of noise, visual distractions and the presence of other people.

Speed, instant feedback, Opinions (good or bad) which make you think, often analysts / economists. Experienced and successful traders all around you. THAT IS WHY THESE TRADERS MAKE MONEY.

Let us break this down shall we ?

Speed ~ if you have your own dedicated platform you have all the speed you need and do not need to rely on anyone else.

Instant feedback ~ when you committ and take a position yourself, the moment you do this, you get instant feedback as to whether you yourself are right or wrong, which is the only feedback that counts, and not anybody else's.

Opinions ~ the least said about the opinions of others the better. Opinions are of no use.
Everybody is apt to have an opinion. We are not interested in hearing the opinions of others, we are interested in trading what we understand as a consequence of having a view, and trading what we see and recognise, and not the input of others.

These opinions of others do not make you think, to think properly that is, they do make you think I will concede, but only for you to misdirect yourself at best and at worst to become confused, if faced with a roomful of people (many of whom know very little) all expressing opinions. A pox on that for a start !

Experienced and successful traders all around you ~ What ?!? Do you really think the members of this website are naive enough to believe that by their very presence, these experienced and successful traders are going to graft their skills and knowledge to the others who find themselves in scenarios that they do not understand or are prepared for, even if they squeal for help ?

These skilled and successful traders will look after number one, meaning themselves, first, second and last. Any head drilling from anyone and they clam up. They are not going to carry the whole room. They are out for themselves. Anyone worth his salt as a trader does this. Anyone who believes it to be the contrary does so because they themselves are not in that position. Therefore your comment is already not valid, if only viewed from this perspective alone. I regret if my comments serve to offend you or dent your dignity, but I am obliged, in contradistinction to others, because of my knowledge and experience is considerable, to tell you the truth, blunt and to the point.

SOCRATES · Sep 25, 2005, 1:57pm

Quote:

Originally Posted by RUDEBOY

Post 22. Socs, the "thin veneer" bit. I love it! Hope you are fine. Good trading. RUDEBOY.

....Pleased you like it. I am doing my best to be gentle and patient.

Yes everything perfect, thank you, your good wishes are hereby reciprocated.

Sep 25, 2005, 5:54am	#25
RUDEBOY Banned Member Since Feb 2005 1,157 Posts	Re: So What Did You Learn At The Arcade..... Post 22. Socs, the "thin veneer" bit. I love it! Hope you are fine. Good trading. RUDEBOY.

Sep 25, 2005, 6:25am	#26
RUDEBOY Banned Member Since Feb 2005 1,157 Posts	Re: So What Did You Learn At The Arcade..... Bundbaby, i can see what you are saying and i would probably agree with you in sorts. But, there is a bottom line. Can the individual come to terms with it? Obviously not in most cases. RUDEBOY.

Sep 25, 2005, 8:11am	#27
spin2win Junior Member Member Since Sep 2005 47 Posts	Re: So What Did You Learn At The Arcade..... so are we saying most arcades just want vlume.. so there strategy they teach must be spreads as they will give 4 legs a trade instaed of 2 or 8 for flys.. is thjis true? anyone know arcades that just spin the bund outright for a tick etc? or are they always hedged?

Sep 25, 2005, 8:57am	#28
RUDEBOY Banned Member Since Feb 2005 1,157 Posts	Re: So What Did You Learn At The Arcade..... Preferred method of execution, not trading method. Arcades fulfill thier buisiness by 'bums on seats', not education of the markets. Although, when they spot a 'natural', they will obviously want to use the individual to thier advantage. It makes sense to be ammicable with the 'good' traders.

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