In trading we have rules of the game. And like baseball, if you cannot accept them, you cannot play the game.
Rules of the Game
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A Constant Lesson
Sitting here in front of my workstation and having endured some unusual events recently, I have been starkly reminded of something I preach almost incessantly to my students when I teach.
The Rage Against Derivatives Speculators Is Unfounded
There seems to be a newfound rancor towards "speculation" in the marketplace. This appears to be another case of misguided perception. By confusing "speculation" with "manipulation", the public is being led in the wrong direction. Those of us who earn our living in the markets know that speculators play a vital role in their proper function…