• Home ::
• Education ::
• Market Psychology

• Send
• Print
• Add To
• Rss

60a3a3ed-441e-4f65-a770-56c3895d7e6a

6

3

Man vs. Market

Tue, Jun 2 2009, 14:13 GMT
by Rob Booker

TraderRadio.net

Click the image to read the Ebook

Is it Man vs. Market? Or something else entirely?

IT’S YOU AGAINST THE MARKET. That’s what they’ll tell you. You’ll read about it on the message boards, at the Expos, and you can’t get away from the sense that there is a mysterious entity which means to seriously harm you, to get you, that wants your entire account and wants to leave you in ruins.

It’s the market. It’s tens of thousands of traders, all against you.

All wanting you to lose.

All because it’s a zero-sum game, and because your loss is their win.

The market is selfish. It’s demanding. It’s never closed.

It’s impossible to understand fully. It’s bigger than you are. It wants to take from you. It’s Goliath. And let’s be honest: you’re not David.

Is any of that true? And if it is true, what chance do you ever have of making money?

It’s Man vs. Market. You against everyone else. Or is it?

Who’s out to get you?

IT’S COMMON KNOWLEDGE THAT THE ENTIRE MARKET — ALL TRADERS, BROKERS, FINANCIAL PROFESSIONALS, DEALING DESK OPERATORS AND CUSTOMER SERVICE REPRESENTATIVES — ARE ALL OUT TO GET YOU. After all, who are these people, anyway? We don’t know their names, so it’s much easier to ascribe to them all sorts of intentions. But if we stop for a moment, what do we see?

Go to a message board. What do you see?

There are persistent pessimists and bossy know-it-alls.

There are uniformed opinion givers and there are naïve newbies.

There are mechanical purists, technical junkies, programming geniuses, mellow moderators, and prolific posters.

Are any of these people out to get you? I mean, seriously?

Do any of them want to hurt you? The worst you can say about any of them is that they are afraid. At their best, they are profitable sometimes and unprofitable at other times. But they are, almost all of them, enormously generous people. They are sympathetic to your plight, considerate of your questions, and willing to spend time inside of a community for the betterment of the group.

Even if they wanted to cause you harm, could they do it? Individually, certainly not. But even as a mass of traders, how would they organize to harm you? When’s the last time a group of these people on a forum got together to intentionally push the EUR/USD to your stop loss?

• Download full Ebook

Published on  Tue, Jun 2 2009, 14:13 GMT

• More Reports from this Contributor

TraderRadio.net  | 1201 Main Street, Mezzanine Level
http://www.TraderRadio.net | rob@robbooker.com