Quote:
Originally posted by Habib
It is no point bragging about something in the past. It is always 20/20 in hindsight, you know. My intention was not to portray myself as a know-it-all guru. I came begging for knowlege from those who are in the know and all I get is people resorting to some sorta ridicule. Did I say something totally foolish? Well if I did, then I am sorry.
But I get the feeling that a lot of MM agents are lurking on these boards. They jump on any suggestion that points to their manipulative nature.
cheers.
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Habib,
I didn't think you were trying to be a know it all. I'm genuinely curious as to how people come to convince themselves that they definitely know what they know.
As you're probably aware, virtually all of the information we have is via secondary sources at best. Gamma's explanation of fixing was very enlightening, yet how do we know that actually happened at a given time. We know it does happen (I'm taking Gamma's word on this combined with the fact it makes loads of sense), yet unless we were actually party to the actual bank's actions at the actual moment, our thoughts about why the market moved the way it did is simply a guess.
I have a very good friend here who is also a trader. Most of the time he speaks in absolutes about why something happened in the market when I know, and he also knows, that we don't know. He is engaing in willful delusion, imo. I believe this to be a dangerous trait in general, yet particularly fatal for traders.
You stated with absolute certainty that the market was manipulated at a certain time. I question how you know this and you view it as an attack. I call it personal honesty, you call it criticism.
It's really not personal Habib, just call it a personal and professional curiosity. After many years of encountering people who state with absolute certainty that their knowledge is absolutely certain, I like to question them as to how they have attained this absolute state. It's something I wish I could attain but have failed to do over all these years.
And I wasn't bragging, I was being sarcastic towards your stating of the obvious.
Nat