Its the "Casino Royale"….You can bet everybody has a system….just like Vegas, the House will win UNTIL it collapses. Why will it collapse ?….Unlike Vegas, the major players are greedy as hell and there are a tremendous amount of them, at least the mafia has more self control of greed than these traders and there are a lot less "House Controllers"…
On a level playing field, you might have a semblance of a chance, if you follow fundamentals and have a limit loss program… but on a hugely manipulated market (large intentional hedge fund moves, Big House Pump and Dumps, IE Cramer…short squeezes, PPT) like we have today, you have about the same odds as a "decent" card player has in Sin City. And lets not forget, the Street has perma bulls in their control of the media and whats reported to the "retail investor". I have studied it for years.
If you can find a stock or fund that is NOT manipulated because its not a High Flyer, then you can make the process work for you, if you trade the trends on the big boys, you'll get your tit caught in the wringer more times than you will win….until you eventually lose your stomach for this type of serious risk … or you go broke.
Right now, lam long on surfboard wax and diesel fuel for fishing… sitting on the sidelines in cash positions. When this silliness shakes out I "might" come back and play a little. But only with lunch money, not the rent money. I haven't taken a Tums antacid since my last puts scored in 05'….sleep like a baby too. lam liking 5.07%ROI with NO risk.
