Quote:
Originally posted by MickMason
.....that's not trading in my opinion.
Mick
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Strange that if you loose money scalping or trading the way you said, taking advantage of spikes nobody at the market makers side seems to bother. How come?
Shouldn't they tell you, when you were on the wrong side of the spike, eh we refund you your money, since the price never existed?
Mick, I really have tears in my eyes when I read about the market makers being ripped off, how sad for people who themselves run stops and behave like thieves.
In my opinion, you should be able to trade your money any way you want. Strange that scalping seems only to be an issue with Forex.
In a German, very reputable trading magzine was recently a feature of a world famous trader, who decribes himself as an so called order book scalper, executing thousands of what you would call stealing scalping trades a day, making millions.
This guy is regarded as the "God of scalpers", people look up to him like you would look up for a saint and he surely is not on manual execution.
As I mentioned before, it is about time (and I am sure it will not take more than 2 years) that this market will have to abide by some strict rules.
For now it looks to me that the bigger thieves (market makers) cry because there are a few smart traders out there, who have specialized in a niche , who have tremendous skills and do NOT steal, making money that otherwise would disappear in the pockets of the market makers. If we already have to worry that the market makers are at the verge of bankruptcy?
