Higgenbotham wrote: > I'm continuing to smash the bots in the futures markets. For the
> past several months, I have averaged one or two losing days per
> month day trading the futures. However, as you know, I am also
> holding a large short position that is losing money. As a result
> of that, I am now down versus where I was in May, but not by
> much. Since May 3, the S&P futures are up 170 points and I have
> lost 7 points. But the rise has been slow and if it accelerates in
> blowoff fashion, my losses will steepen almost for sure.
> My broker (who has been in the business close to 3 decades) has
> told me several times that I am the only client he has ever had
> who can successfully day trade the market and there is nobody else
> he has seen try who has even come close. That's the real
> world. Successful day traders are extremely rare. And, like I
> said, I have not been able to beat the market and will not be able
> to unless it collapses while I am holding a large short
> position. That remains to be seen and I believe there is still a
> reasonable chance that they will take me out.
I totally disagree. A book on how to day trade successfully wouldHiggenbotham wrote: > If the markets crash big and I'm lucky enough to be on it when it
> happens (and have the proof to show in the book), I may write a
> book. Part of the book will deal with forum sentiment and how to
> use it to make money (other forums, not this one). The book
> probably won't sell enough copies to make it worthwhile.
interest millions of people who would see it as a way to make money.
You could include information on the best way to weather the coming
global financial crisis. You could base this on history of previous
crises, plus your own extensive knowledge of the markets.
You would have to resolve the ethical and moral issue that your
book would be appealing to gambling addicts. So you would have
to include guidance and advice on this subject.
If you got this book out quickly (i.e., before any major financial
crisis), then your book would appeal to day traders now, and later it
would appeal to people who are trying to survive the financial crisis,
and thereafter.
You have a unique set of knowledge that a lot of people would be
interested in.