For me it wasn't a case of learning another 'thing' to become profitable, I became profitable after all the information I had collected about the markets coalesced in my mind and I truly understood it.
I had the most frustrated time period once on the Forex market because I tried to take trading as an easy job and thus, I lost huge money in the beginning. Then I realized my miatake and I went with a professional approach which is key to my success on the Forex market.
Many "professionals" at banks and institutional trading firms tried manipulating the forex markets so that retail traders didn't have a chance. Some were caught...convicted, fined or fired while most of them are still out there doing the same thing but more secretive now. https://www.reuters.com/article/us-banks-forex-settlement-idUSKBN0O50CQ20150520 https://www.bloomberg.com/news/arti...at-room-traders-boasted-of-whacking-fx-market https://www.bloomberg.com/news/arti...246-million-by-fed-over-currency-manipulation https://www.bloomberg.com/news/arti...-pay-110-million-to-n-y-fed-for-forex-conduct Forex trading is tough and it makes me wonder if this is occurring in other types of assets. wrbtrader
Thank you for the links. I am on the receiving end, so really have no idea if the pro traders in equity option are all winners and gaming the system. Perhaps just like forex, they gang up on little guys like me? We retail option traders are kind of between a rock and a hard place: If we trade high volume options with narrow bid/ask, we mainly bet against the professionals who won't lose; if we trade thinly traded options, we trade against the MMs who also won't lose and we also have to endure high bid/ask spreads. On the other hand, as a retail trading my own funds, I don't have to answer to anyone; I can choose when, what and how to trade; and time is on my side as I don't have any quarterly goals imposed by my investors. After 5 years, I find trading options as a mom and pop retail is hard work.
I've been trading options for 18 years and have no interest in the pro's manipulating or whatever- I outperform them anyway-especially in bear markets. I limit size so I cannot blow up but the 'pro's' can go totally postal on size as their bosses are too stupid to know- Iceland imprisoned the dodgy bankers-and they recovered from the credit crunch very well. All of those banksters are replaceable- the Old Boys Club is alive and well with an endless stream of bankstrosities