Overbought after a 12% correction in less than a month? I don't know, you could be right, but how are you measuring the demand of retail investors vs. what the "smart money" is doing? What metric are you using to determine that we are overbought? ...

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What's the point of this argument? — Huh? How's that? This is some odd logic... Whether something is zero sum or not has little bearing on whether you should participate in the game... Lets take a look at some examples: Consider a game where ...

Is trading a zero sum game?

This is surprising. I would have thought you'd be looking at the big weekly bearish pin off of $50?

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Indeed, that's why in my first response (way back when) i split trading into a number of different categories...Pure zero sum games and grey areas where it is not a purely zero-sum situation. At the end of the day though, i'm not sure what (if ...

Is trading a zero sum game?

Games require players... — Not to repeat what I said earlier, but a game requires players. If you sell Euros to go on a vacation to NY, you're not playing a game you're just planning a vacation and not looking at currency risk/reward dynamics. ...

Is trading a zero sum game?

But where is he getting the $100 from? Answer: Another trader (or set of traders) who loses $100. "experienced Trader" +$100 Bad Trader A -$50 Bad Trader B - $50 _____________________________ Sum total: $0 (minus commissions)

Is trading a zero sum game?

Lets distinguish what we're talking about: — Why don't we simplify this into categories so that we aren't all talking about different things: First off, you have to define the game -- when i think of zero-sum games I'm talking about the things ...

Is trading a zero sum game?

Crude... — In my rush to post something positive about Copper, I neglected to see the story crude was telling...And unfortunately, it isn't a good one. We are sitting right at support ($70) - should be interesting to see where it goes. image ...

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GBP/AUD — Definitely watching GBP/AUD. I have the same area you marked as an area on my chart (~1.75, round #...You can barely see it because I drew it so long ago and didn't extend it out). If we get some good PA around there it might be a ...

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Isn't that a great feeling? My favorite is putting out a buy/sell stop overnight and waking up with a trade up 100 pips -- Then you can be making money while you sleep! Your other post was hilarious BTW.

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Trading is a zero sum game, so I have no idea what you're talking about when you say "the non-zero-sum aspect of the game as it applies to trading". If I go long the Euro and you go short the euro, one persons win is another persons loss. Your $100 ...

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You should really stop editing your post so that I can respond to you. Here is my response to what I see in your post at this very moment... The idea that the market is a Zero-sum game is not a theory, it’s a fact. When I sell Euros, they don’t ...

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I got this chart from BroCo Investments. I don't trade with them, but I do have an MT4 demo with them which works great for charting things like commodities, indexes, individual stocks and larger ETFs. They have a gazillion instruments on their ...

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Dr. Copper — Time for your (monthly/quarterly/whatever) appointment with the only commodity with a PhD in economics: Dr. Copper. He gave us a very nice looking weekly pinbar. I'll be keeping an eye on this one for clues about the global ...

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Your thoughts on trading and life are good to hear and if it works for you, more power to you. The part I quoted above however, is incorrect. Trading is a zero sum game (actually, after accounting for commissions and/or bid-ask spread, it's a net ...

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Euro - Devil's Advocate... — I'll play Devils advocate on the Euro -- Sorry, just love being a rabble rouser (and looking foolish when this thing gets to parity with the USD...) Here are a few charts. First off the Weekly where I've added the ...

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You're a good man -- I (sadly) don't have that much patience. When I saw the gift horse, I did not look it in the mouth... I took my 240pips and banked them -- Sold at 0.6935 and bought back at 0.6691. Best of luck, certainly looks like there's alot ...

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NZD: — Chris, NZD short is finally starting to show signs of life (or is it signs of death...). Have you moved your stops to B/E yet? -200+pips in one day is a pretty decent move. I haven't been a long-suffering kiwi shorter like the rest of ...

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Greece Debt — Although not directly related to the thread, for those interested, here is a chart of Greek 2yr Debt. Just to give you a sense for how violent a move they've seen over the last several weeks: image

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SGG — I'm sure you're man enough for this one! Sugar ETF: image

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