ciscokid

Remoras, also known as sucker fish or shark suckers, are usually found hitching rides from sharks, sea turtles, rays, whales, dolphins, and other large sea animals. When their host eats, they feed on leftover scraps of whatever their host is eating. Picture attached. Simple English. Remora = individual retail trader Shark = Any Market the retail trader is trading. The message is: Fish is food for Sharks. Remora is a smart fish because it attaches itself to a Shark, hence, that Shark cannot eat it. Furthermore, the Remora eats the Shark's leftovers. Similarly: Untrained, impulsive, fearful Traders are food for the Market. A trader who aligns himself with the Market's path, ignoring his/her own tendencies to predict the Market's direction, is smart. His reward is a piece of the Market's profit, rather than becoming a part of the Market's profit. Regards.

I trade Index Futures intraday. I think you misunderstood. My premise is that in order to profit, the individual retail trader must develop a relationship with any Market, in which he/she trades, like the one between a Remora and a Shark. The retail trader can no more influence the direction of the Market than a Remora can a Shark. The Market leads and the Trader follows, otherwise, Chomp! Chomp! Regards.

Intraday Index Futures trading. You may have missed the point. It's not like Poker. I cannot see the players in the market, only the aggregation of the trades within the timeframe of the index in which I'm trading. I do my best to "swim" alongside The Shark (the Market),and pickup its leavings along the way (a percentage of the trend). I strive towards not anticipating its movement (trend change), as too often in the past, I have had my tail chewed. Regards.

I visualize the Market as a Great White Shark, and I, a Remora, attached to it; feeding off its scraps. I neither control the travels of the shark nor when it feeds. I simply swim in its sphere; never ahead of it (for that could prove disastrous), never anticipating it. I am the Remora...Not The Shark.