Friday, October 14, 2011

Occupy Wall St, the hypocrisy







The Utopic view of the Wall Street protestors, they think they are special. I think they are a bunch of dunces.They have lost the polot on the role of the stock market in the economy, without which there won't be growth to perpetuate the ponzi scheme. A few thousand of these guys, and they think they represent the millions in population....

And this weekend they are going to protest 'globally'. The reality of the world is that there will always be the 'haves' and 'have ots'. If everybody were wealthy, the world would end as we kow it. I heard a comment from a fellow trader that is poignant, "If you have money, everything seems cheap.... if you have no money, everything seems expensive.' Oh, and these protestors are also humanly selfish, they never take account that if financial markets are gone, the traders' livelihood will be gone.

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"There is the plain fool who does the wrong thing at all times anywhere, but there is the Wall Street fool who thinks he must trade all the time."J Livermore Manchester City FCl Crude Palm Oil

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From Dragons and Bulls by Stanley Kroll
Introduction and Foreword
The Importance of an Investment Strategy
5 The Art of War, by Sun Tau (circa 506 BC) and The Art of Trading Success (circa AD 1994)
That's the way you want to bet
Long-term v Short term trading
Technicals v Fundamentals
Perception v Reality
Part 1: Winners and Losers
Part 2: Winners and Losers
Sun Tzu: The Art of War
Those who tell don't know, those who know don't tell
Why there is no such thing as a "bad market"
The Secret to Trading Success
The Experts, do they know better?
Risk control and money management
Larry Hite: The Billion Dollar fund Manager
Systems Trading:Kroll's Suggested Method
Buy the Strength Sell the Weakness
Good advice
The 'good bets' business by Larry Hite
Don't lose your shirt
Ed Sykota's secret trend trading system