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26/09/14
06:49
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Originally posted by supermajor
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You cant honestly believe that these people have some natural gift that makes them "very good traders". They are manipulators. They dictate where price drops and rises to by their manipulation. The pain people bear is a direct result of what the manipulators are doing, yet the manipulators feel no pain because they are controlling the moves and can reverse things whenever it suits them. How you somehow translate this crooked practice in to these people being "very good traders" is ridiculous. These people are crooks. They load both sides of the stackings and buy and sell to themselves to create illusions and incite panic/elation depending on whether they are accumulating or distributing. They control everything. It is not a level playing field.
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Supermajor,
They are still very good traders. I do agree they are crooks. The ASX is full of them.
The pain people bear is a direct result of FOMO, not the manipulators.
JMT