| Topic Name: |
Failing In Trading... |
| Message Name: |
Both ways |
| Date Posted: |
02/27/2001 |
| In Reply To: |
I do not believe that you have ever traded as a prop, you're probably just a market maker attempting to impress...
Once you graduate to doing some real trading you'll notice that in directional trading your system of market entry as such (fundamental, technical, and either mechanical or discretionary) is of less importance than your money management, and that is really pretty simple arithmetic, when I say quant I mean something different... |
| Message: |
Every good trader goes "both ways" (ie quote bid and offer to the broker/counterparty) but has an underlying strategy. Of course, the bid does not have to be competitive if you are already long, but who knows when you might pick up a bargain.
If someone is stupid enough to buy so far out of the money that I can't lose, then I'll short a call even if I'm trying to go long.
Are you telling me that you stick to your strategy even when the market is over-reacting? Do you only ever buy if you are trying to go long? What if EVERYONE is trying to go long?
You are obviously an equities trading "pack runner" who is more afraid of looking stupid than losing money.
If you would like to continue the conversation, I would love to know what you are talking about when you say "quant". It is a *very* strictly defined term in the shops I have worked in.
UK Power Trader
|
|
