Thanks Spike. That was a very interesting post.

You're right about there being enough money for everyone. When you consider that 90%+ of traders lose money trading then there is a lot of money to be shared among the remaining 10%!

What is interesting to me is that different traders define a loss differently. For instance Tom and I both like to keep risk relatively small. A loss for us an "average" loss would probably be in the $100 - 300 range (with Tom's trades hovering near the lower end and mine near the upper). But there are sooooo many more traders out there who would never consider this a loss. In fact their parameters are much looser and would be prepared to lose $1000 - 2000 before pulling the pin on their trade.

I guess what I'm trying to say is that there is a lot of money to be had just by covering other people's losses...if that makes any sense.

Erich
http://www.tradershelpingtraders.net
http://www.supportandresistance.com