Chewing “crack” and dancing with MM

Day trading is addictive: you have to trade to live and enjoy, that is what you do and who you are. In that sense, trading is “crack”.

“Crack” shall not be overdosed, particularly when dancing with MM. I am done for the day

Today my MM is citi group, and others. These days MM very often is just part of a big group, which does asset mgmt, hedge fund, advisory and technical service for institutional clients. There are some kind of regulations I guess, but “loopholes” and “favors” are always there. Their favors are very often other’s cost, particularly small and retail traders.

Can MM manipulate index? I can’t find any data to TA with and therefore can not trade “it”.

The manipulation of individual stock with a day session or over a few days can be “felt” everyday by a day trader.

MM is formidable but not infallible. Market force, or “trend” if you will, dominates every trading session. In front of a trend, MM is just as week as an average day trader.

In front of market trend, big or small, everybody is equal. In front of knowledge, skills, experience, patience, endurance, guts, everybody is not equal. To be better is to learn from others, including MM.

19th century British moral philosopher John Stuart Mill wrote in his "Essay on Coleridge.":

"Lord, enlighten thou our enemies", "Sharpen their wits, give acuteness to their perceptions, and consecutiveness and clearness to their reasoning powers. We are in danger from their folly, not from their wisdom: their weakness is what fills us with apprehension, not their strength."

Today’s market is not a surprise, there seems no follow through.


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