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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Jon Tara who wrote (11929)	2/18/2001 2:46:15 PM
From: TraderAlan	Read Replies (2) \| Respond to of 18137

Jon, You overlook one perk of being a member of the writing community: I get to contribute to the pool of definitions <g>. If I can get enough people to agree on a meaning, it becomes truth at a more than a few levels. Alan

To: Jon Tara who wrote (11929)	2/18/2001 2:51:15 PM
From: KymarFye	Read Replies (2) \| Respond to of 18137

I believe the terms "smart money" and "dumb money" go back many years (well before the term "politically correct," for instance), and are pinpointed on the classic breakout chart - we all know where they go, as it's rather obvious. As for the other metaphors: TRADING IS WAR! says Cybercorps, but there are many other ways of looking at the whole thing. A great money river - bring a bucket. Survival of the fittest - an ecosystem including bulls, bears, hyenas, and other flora and fauna. ((Might also fit with the metaphor of hunter Alan introduces in his (excellent) book.)) A muse or lover - greatly rewarding if coaxed to yield, but hopelessly off-putting if clumsily approached. A frat house. A track meet. Market as YHW*H or the punishing disciplinarian father. Market as good mother - ready to take you onto her bosom, but determined to see you grow up right. A vast conspiracy: Members of the Star Chamber rake in the billions - those who know what's going on, but aren't a part of it at least know not to get in the way. You can think of yourself as an artist - jazz musician going with or against the changes, be-bopping scalps at high speed or getting in and out on the cool swing, day-trading poet drafting little haikus of profit, trend-trading novelist or composer exploring the depths of drawdown on the way to the grand finale, minimalist painter forever refining each canvas. The dialectical dao of trading would search for the simplest action that can produce the greatest proportional reward - probably a quiet countertrend trade preceding the big move. The Zen of trading, at an extreme, might seek the one, perfect, enlightened, spontaneous trade - have to think about that one. The Kabala of trading might seek to divine the truth through complex numerologies virtually impenetrable to outsiders, while all the while refusing to accept that any finite description could ever be entirely accurate. Whatever suits your personality and your needs, who's to say it's wrong? Getting too caught up in any of these metaphors is probably at least as dangerous as picking the wrong one.