Can the Market Be Wrong?

By trader7757, 14 August, 2009, No Comment

This begs the question for the trader: Is the Market Wrong at Times?
Well, the answer is an easy one. The market is always right, and if you trade why you think is right versus what the market has deemed to be right you are in for an unprofitable ride.

Efficient Market Theory’s Demise: Where do we go from here?

By trader7757, 25 July, 2009, No Comment

Mendelbrot had the problem pegged long ago, chaos and randomness…there has been no real explanations because a degree of randomness exists in the market and it is difficult to account for irrational behavior, or market noise.

So You Want To Trade Emini Contracts for a Living

By trader7757, 24 July, 2009, No Comment

This is a post I have been putting off for a while, as the answer to the question I posed in the title is a difficult and controversial one. It is possible to make a great living trading emini contracts online. The success numbers on such a decision are a bit daunting, though. More than 90% of all new traders bust out in less than three months. Those are not encouraging numbers, and present a pretty tough hill to climb. There are several ways to view this failure rate, and I will try to expound on some of the factors that cause this massive failure in success.