CerhobWhat you've got to realise is that the reason most people...

  1. 1,816 Posts.
    Cerhob

    What you've got to realise is that the reason most people start reading derivatives (or start trading anything for that matter) is to make a quick buck --- and the best way to make a quick buck is to punt on short term movements in price. --- thses individuals don't have the patience to trade over a time horizon of any reasonable length.

    Thus, the whole derivatives market is inhabited by short term trades, and consequently all publications are based on the short term trading philosophy --- be it trading wheat, oil, silver, 90 bank bills, stocks, .. or anyhting else for that matter.

    It's sheep leading sheep, imho.
 
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