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BHP Billiton Limited Message Board

  • elmojitogatico elmojitogatico Jan 11, 2010 10:16 AM Flag

    The Lion and the Mouse

    Once when a Lion was asleep a little Mouse began running up
    and down upon him; this soon wakened the Lion, who placed his huge
    paw upon him, and opened his big jaws to swallow him. "Pardon, O
    King," cried the little Mouse: "forgive me this time, I shall
    never forget it: who knows but what I may be able to do you a turn
    some of these days?" The Lion was so tickled at the idea of the
    Mouse being able to help him, that he lifted up his paw and let
    him go. Some time after the Lion was caught in a trap, and the
    hunters who desired to carry him alive to the King, tied him to a
    tree while they went in search of a waggon to carry him on. Just
    then the little Mouse happened to pass by, and seeing the sad
    plight in which the Lion was, went up to him and soon gnawed away
    the ropes that bound the King of the Beasts. "Was I not right?"
    said the little Mouse.

    Little friends may prove great friends.

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      • 1 Reply to elmojitogatico
      • “New forex traders often fail to trade with a tested strategy or trading plan. Instead, they make trades when psychology dictates they should. If a trader feels the market has to move in one direction or the other, there is a 50% chance he or she will be correct. When the rookie trader enters a position, often he or she is entering right at a time when their emotions are waning; experienced traders are aware of these junior tendencies and step in, taking the trade the other way. This befuddles new traders and leaves them feeling that the market - or their brokers - are out to get them and take their individual profits. Most of the time this is not the case, it is simply a failure by the trader to understand market dynamics.”

        What? It is simply a failure by the trader to understand market dynamics and yet the experienced traders aware of these junior tendencies (fish) step in and take the trade the other way? What is the market dynamics the jr. trader or the predator trader? How does he know what the “fish” is doing?”

        Go figure, Caveat venditor

 
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