Wednesday, November 9, 2011

Big Guys Make Big Mistakes

Small traders are always envious of big traders. They say that if they had the money, information, and resources that are available at big trading houses - they would succeed for sure. "This is not a level playing field", "the game is rigged", "it is a loosing proposition to trade against the big guys" - are some of the small traders' remarks about this business.

I have a saying - big guys make big mistakes. Other than that, they are no different than us, small traders. They have stops, targets, make stupid mistakes and brilliant trades as well.

Read this article to understand and realize what I just said is very true. http://www.bloomberg.com/news/2011-11-09/goldman-sachs-traders-lost-money-21-days-in-third-quarter-most-since-08.html

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