In fact, the whole practice of watching market maker movements - with the exceptions of the large ECN's and wholesalers (and even them, quite often), was a futile effort long before some of those joke trading books and training courses sang praises of such practices: first of all, you can't and never will see exactly what happens behind the scenes
Truer words can hardly be spoken. Like we say in the office "why are you looking at the offers if you are already in"???
most important of all - try to spend weeks or months with real, proven traders; if at all possible, at a place where your profit and loss - not commissions - are the express interest of the firm and therefore aligned with your own.
There is far, far more to be gained in the company of proven, professional traders; learning technical analysis; and, investigating relationships and trends within the market.
I think I like that statement better than the first one!!!
I remember last year, we used to talk about strategy around here. Now dotting someone elses I's and crossing their T's seems to be the norm. I always recommend that new people read the first 700 post for the real juice. A major percentage of these original prolific posters simply quit posting when to many new people would ignore the wisdom of their messages and dwell on the fact that they said it was 10 seconds instead of 17. By the way, I used the pre-market SOES trick, that I posted about, many times last week to cover my shorts on the morning gap downs right at the bottoms.
Regards,
OZ |
