Article Is the Market a Battlefield for You?

T2W Bot

Staff member
1,448 52
Have you ever heard something like: ‘The market is a battlefield, be ready to fight with all you’ve got’, or ‘The market is a war’, or a variation of this theme?  I bet you have, it’s a fairly common theme. Enemies may change, but the theme stays the same. The market maker is an enemy one day, the specialist the next, or the quant’s, the algo’ traders, the high frequency traders or the Federal Reserve traders etc. I’ve run out of names here – you may remember more. The question is: is it true – are these people really your enemy? Or, a better question might be: is the mindset – ‘that the market is a battlefield’ – one that you really want to adopt? 
The reason I pose the question this way is because trading is not a purely intellectual exercise. As traders, first and foremost, we want practical results. With performance as our primary goal, we want to remain pragmatic – and such an approach calls for one overriding criterion in evaluating any method or mindset. That criterion is a...
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tomorton

Legendary member
7,262 970
A good line of thought. Seeing the market as a battlefield suggests there are two outcomes - Win / Lose. Winning means beating your opponent, i.e. in our case, everyone else, out of the prize, you win it, they don't. Is that in any way practicable? And winning can imply winining at all costs, because losing means absolute loss - i.e. death to the loser. None of this is particularly healthy.

Whereas, seeing the market as an ocean, an alien and unforgiving, landmark-less enviroment - implies you just have to survive to be a winner. Better attitude for the private trader.
 

ZEN archer

Experienced member
1,528 240
'The market makers, specialists, quant’s, algo’ traders, and high frequency traders etc. are not your enemies; they are merely fellow market participants who create the patterns from which you can profit.'


It would be interesting to know if the author manages to profit from the patterns on regular bases. If so - would he be willing to share some of them.

 

timsk

Legendary member
6,966 1,827
'The market makers, specialists, quant’s, algo’ traders, and high frequency traders etc. are not your enemies; they are merely fellow market participants who create the patterns from which you can profit.'


It would be interesting to know if the author manages to profit from the patterns on regular bases. If so - would he be willing to share some of them.

Hi ZEN,
Get yourself a copy of Vad's book: Techniques of Tape Reading - there's a few in there!
Tim.
 

DionysusToast

Legendary member
5,963 1,498
'The market makers, specialists, quant’s, algo’ traders, and high frequency traders etc. are not your enemies; they are merely fellow market participants who create the patterns from which you can profit.'


It would be interesting to know if the author manages to profit from the patterns on regular bases. If so - would he be willing to share some of them.

I believe he has a room from which he trades live on a daily basis.

I watched it for a day a while back, it's not for me but he seemed to do OK.
 

NVP

Legendary member
36,589 1,856
I just put some comments in but they were not recorded ...hmmmm
 

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