Difference Between Poker and the Stock Market

[ArturiusX]

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I would consider myself an authority on the daytrading business,as my firm had 20+ locations/branches around the country at one time,peaking a few years ago.The decline in # of DT'ers and/or BROKE day traders was PROOF in itself to the fact that VERY few INDIVDUALS (again I said INDIVIDUALS,not institutions or some big funds)make money over time DT'ing
We made a FORTUNE from their commissions alone,and the fact that I just recently retired comfortably,from just this speciality niche' in the market alone,substantiates 90% of my argument

You in no way,shape,or form understand the BUSINESS side of this,and have NO idea what you are talking about in this regard...so its a waste of time discussing this with you any further.

Based on your highly defensive stance with NO substance/proof to back up your side.. leads me to beleive you are one of the many caught up in this losing battle being a DT yourself that I encounterd throughout my carreer.
Ignorance on this subject,will be your worst enemy. YOU are the one caught up in fallacies....I laughed all the way to the bank at these degenerate gambling fools.They come and go...but the majority go BROKE!

As I said prove me wrong,with some valid data/stats,instead of just shootong your mouth off in an arena you are clueless about.
Your recent posts about the 90',80's...and now 70's mentality are getting pretty lame now as well

BTW..have you had ANY experience as a BD principle/owner in the daytrading field to even justify your ridiculous rants?

GL,
Stephen

*** once again these posts were intended to open the eyes/enlighten/help the forum to the downsides and pifalls of the daytrading world,from a 15+ year professional point of view!

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I don't give a [censored] who you are. Its completely irrelevant. My point is, I could provide you with all the data you need. I could give you day to day analysis of what I'm thinking, what trades I'm making, and show I'm a proven winner. I could dissect all the underlying theory behind my thinking, I could show you why the market will balance, I can show you how I know what the participants are thinking, and which ones are starting to shift. I could do it all. Which is my point, even if I did it, I still won't convince you. You'll blame it on luck.

Large firms dealing in large positions may control the market, but they have an overt weakness; they too will be pouched if their agenda is to obvious. You have 500 YM contracts to sell, its never as simple as pressing a button. How do they react to different movements? How do they exploit market tendencies in order to offload these positions in a hush hush way? Day trading is chess. You look for an opportunity. You crunch through the data, you look at everything through context, you make a high probability decisions based on your risk/return for a trade. Then you have the balls to press the button, irrespective of how bad or how good any previous trades have gone.

What if I had a way of looking at the market that would allow me to decode what the major market participants are thinking. What moves they're trying to make. What they really believe, beyond the CNBC hype. What if, using a series of programs, I could use my own brain to decode the situation, and make a trade which would result in a 70%+ success rate, based on how the large market participants are playing the game. What if, through looking at nothing but volume flow numbers for the last 5 years, every single market day, I've developed a knack for recognizing anomalies that exist.

I don't base anything on hunches or guesses. Most day traders are like poker players who only look at their hole cards, and the strength of their hand. They might think about relative strength occasionally, when the flush card comes, or some other event. I think beyond it, I look at what the guys with the money are thinking. I corner them, and I ride them. I can hide my positions, and quickly exit and everyones none the wiser. That is my advantage, and thats the advantage I use.

You cite that almost all day traders bust. No doubt. Why can't I be in the minority? Also, by the way, why all the attitude? I presented theory, and you answered none. You've run a great sales organisation, no doubt.

Also, my experience is irrelevant, not because its non-existant, but because I'm putting forth theory and reason, and you're acting like a dogmatic follower. Your cite of people failing is a logic fallacy. Would you like me to point out which one?