Traders Laboratory - View Single Post - ES frustration today
View Single Post
  #31 (permalink)  
Old 02-14-2007, 01:45 AM
torero's Avatar
torero torero is offline
torero has no status.

Trader Specs
 
Join Date: Oct 2006
Location: SPAIN
Posts: 1,329
Thanks: 43
Thanked 43 Times in 29 Posts
Re: ES frustration today

It's great to quotes great traders and try to emulate their success such as Mark Fisher and others, but you always have to put thing in proper context. First, he trades size in the pits, thus he has low commission costs, he can see everyone's hands better than retailers with the screen in front of us, and he's more concerned about how to get in and out with his large positions. I believe most of us cannot do what he does, we can't afford fees and scrape a profit with so many trades, we cannot see others' hands and those intangible cues like pit traders have (noise level would hint a more activity to come), and our positions are so small we only think about getting in and out at the price we want, not when we have to like he does. All I'm saying is comparison is fine but proper context must be exercised. This is why books cannot conveyed nuances.

__________________
"It's against human nature to succeed in the markets"-- Newbie Trader Lounge
Reply With Quote