by Gavin M
The cloud above illustrates the wonderful set of adjectives the twitterverse has set for me. First of all, if you're a decent person who is really trying to learn the markets properly, then I sincerely apologize for offending you with my tweets and comments.
I want to make it perfectly clear. My seemingly mean tweets are not meant to provoke people. Though my methods are unorthodox and a tad on the rude side from time to time, I do mean well. I make no apologies in speaking the truth about the markets. When it comes to trading, I speak the brutal truth - some may find it offensive and some may find it refreshing. I speak to the latter group of people. The people who, day in and day out, want to convince themselves that the markets are full of honest individuals are the ones who almost always gets crushed by it.
What do these people then do? Because they were hurt, they then spread incorrect statements about the markets - "Oh you can never win in the markets" or "the markets are so rigged, no one has a chance." I've got a News Flash for you: The Markets are Rigged. It is rigged by HFTs run by big institutions with a lot more financial firepower than you and me. Now, does that mean you can't make money? Hell no. Just because the markets tend to be manipulated doesn't mean there is no way to make money. You just got to change your mentality and your perception of the financial markets.
Society has gone too far with sugarcoating a few things. There is a fine line between tact and pragmatism. The markets are setup so that the ones with the biggest pot gets to move it to wherever they want. That is the main point. The people who try to be CONTRARIAN usually end up in a world of hurt for awhile. Ultimately, will a long term buyer or seller be right? Yes they will but remember the words long term. Trading is not the same as investing.
So when I start my spiel on Blackberry or JC Penney, people automatically find it annoying. Heck, even when I talk about Apple or Tesla I get the haters on me like white on rice. I am a trader and I see the market for what it is. When I open up a twitter stream, a message board or any type of financial website, 90% of it is full of utter nonsense and bullsh*t. Do you really think the boys over at Goldman or JP Morgan or Barclays are tweeting what they're doing with that $20 Billion trading money they have? Hell No. The smart money work in the shadows - the dark pools. The smart money manipulate, they are master puppeteers. They operate when you least expect it. I know because I've been there - I used to be a trader for them. I know what slimy tricks they have up their sleeves and I know when they do it.
So the next time you read a tweet from some schmuck on Twitter or some john doe on a message board, think really hard if that person actually knows something. I have been called a fake, an asshole, a dick and all the other stuff on the word cloud above. The one thing I will never stop doing is doing what I do. Those who are willing to listen will be enlightened. Those who feel annoyed can always block me on twitter. Besides, my performance speaks for itself.
In the end, I leave this advice to you aspiring, new and experienced traders - in the end, the measure of your skills is in your ability to grow your account. It's not how many followers you have on twitter or how many likes you got on facebook. In the end, as a trader, your bottom line is paramount - everything else is useless.
At Equity Sense, we help our clients in any way we can, because they aspire to do well. We may not mass market as the other "dudes" in the business, but we will never compromise that which is our strength - our success rate. There is a saying, "It is better to have a few good men than a thousand witless followers."
Traders from Equity Sense will be writing on this blog on positions and other market-related things.