A Quote by Omar Amanat
It doesn't matter whether the market is up or down. All the day traders want is volatility.
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Traders can cause short-term volatility. In the long run, the market must revert to a sensible price/earnings multiple.
The Fed's buying is far more important to the market price of U.S. debt than any other economic variable. If the Fed stops buying, it doesn't matter whether unemployment goes up or down. It doesn't matter whether inflation is higher or lower. Its influence on the market is dominant.
Those who know me well will tell you that I love a market, and when I say market, I mean food market. No matter where in the world, they allow me to soak up the culture, to hear the rhythmic chattering of the local people and traders, and take in the all-important smells, pungent and intoxicating.
Outperforming the market with low volatility on a consistent basis is an impossibility. I outperformed the market for 30-odd years, but not with low volatility.
Listen to market strategists, and a word that comes up a lot these days is 'volatility.'
Personally I don't think day traders are speculating, because traditional speculation requires some market knowledge. They are, instead, gambling, which doesn't.
The people who want to be recognized as the greatest traders are probably not the greatest traders. Egos get in the way of the process. In my opinion, you never want to be the largest player in the pit.
I say to people that it's a choice that we make every day in our lives. Doesn't matter what you're going through. You don't have to be going through what I went through. But it's whether you decide to get up or stay down, whether you say 'yes' or whether you say 'no' to life. Basically, I decided to say, 'Yes.'
The truth is that once you get down on the trading floor, you find that the traders come from all walks of life. You don't have to be a rocket scientist to be a trader. In fact, some of the best traders whom I knew down on the floor were surf bums. Formal education didn't really seem to have much to do with a person's skill as a trader.
It's not a bad thing for independent traders to come into a high street to mix things up, but what shouldn't happen is that the traders who were there before are priced out.
We built a market at IEX that does not sell certain types of technology advantages to high-frequency traders, and as a result, the high-frequency traders that didn't rely on buying those advantages trade on IEX.
There is a lot of volatility in the digital asset market broadly, and certainly that is true in the bitcoin market. It's been true for XRP, and I think that's because these markets are very nascent.
Investors have few spare tires left. Think of the image of a car on a bumpy road to an uncertain destination that has already used up its spare tire. The cash reserves of people have been eaten up by the recent market volatility.
Having observed his market calls real time over the years, I can say that Jason Perl's application of the DeMark Indicators distinguishes his work from industry peers when it comes to market timing. This book demonstrates how traders can benefit from his insight, using the studies to identify the exhaustion of established trends or the onset of new ones. Whether you're fundamentally or technically inclined, Perl's DeMark Indicators is an invaluable trading resource.
I grew up in the East End of London, the youngest of three boys in a Catholic household. Both my parents were market traders and worked seven days a week.
There is nothing as nervous as a highly overbought and slightly crazy stock market dominated by greedy small investors and day traders all out to squeeze a huge profit out of the present bull run.
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