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The Asian markets are in turmoil, and Asian investors may well look to the American stock market for stability and growth. With this as a backdrop it is necessary to understand what this new environment means to you and what opportunities can be derived from the current situation and the changes that are imminent. In my opinion, Direct Access Electronic Trading will palpably affect every exchange within a few years. Specialists on all exchanges are in jeopardy of losing their privileges just as the NASD market makers are losing theirs. In this regard, a recent FBI sting operation uncovered major front-running operations on the NYSE. |
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When volatility is high and price movements are significant in stocks, it really doesn't matter how many people are trading as long as you make money. You shouldn't care about the number of players; the only thing that matters to you is how much you can capitalize on this volatility. For example, if you see Apple Computer starting to move, buy it, and make one-half of a point, does it really matter to you how many other people have capitalized on the same situation? In fact, the bigger the game gets, the better the game gets as more players create more liquidity and opportunity because of their diversity of interest. You shouldn't care what anyone else is doing as long as your trade can be executed at the price you want. |
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In fact, the greatest advantage of DAET is that it guarantees an individual liquidity. No longer does a trader have to worry about being able to sell or buy. The trader's only worry is whether he or she is on the right or wrong side of the market. DAET is growing every day and can continue to accommodate growth. Like Robin Hood's band of merry men, the more the merrier. |
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Mathematical Trading Loss Parameters |
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I don't believe in setting mathematical trading loss parameters. |
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Some believe that a trader should establish numerical ranges, which guide trading losses. This highly erroneous |
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