Wednesday, November 06, 2013

The second tier of 'shark' are like the variety of Mako, Tiger shark of the ocean.
 
The broker is the second line of predators to the trader. Their job is to encourage the trader to churn volume and thus earn commission. You can't blame them.... it is their job to ensure that volume is churned. They see the statistics that 9 out of 10 traders in the futures market lose all their money, yet they are unerringly single minded in their objective to get clients to churn commission, as in the end 9 out of ten kaputt anyway...

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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