Free Report!
  The Only 3 Rules You Need To Trade The Market  
SEARCH

Vote for this blog!

Dumb Money

Posted on 05/03/2007 06:54:37 | Link | Post Comment
I've just been doing a study of the historical open positions of the retail traders of a couple of platforms vs the futures data and actual price movements, and all I can say is it appears that the retail traders (in the vast majority) are often on the wrong side of the market.

For instance, the retail traders have been going long on the Canadian for at least the last two weeks, around 80% long and 20% short, but in that same period the Canadian has dropped another 200 pips. Why are they all long, I don't get it?! Picking the bottom? Thinking its due for a correction? Thinking it can't go further? Why are 80% long?


LATEST POSTS
LINKS



PREMIER SPONSORED LINKS

| Terms and Conditions | Editorial Policy | Privacy Policy | Disclaimer |

Any information or material contained in the websites owned and operated by The Connors Group, Inc. (the "Company"), including but not limited to the THEFXMARKETS.COM, TRADINGMARKETS.COM, and THEMONEYBLOGS.COM websites (collectively, the "Websites"), and in the related services and products is provided for informational and educational purposes only. The information or material is NOT a recommendation or solicitation to buy or sell any security or other investment vehicle. Please review our full Disclaimer prior to using the Websites. Furthermore, your use of the Websites and all related services constitutes a legally binding agreement under the Company's terms and conditions. Please review the Terms and Conditions of Use. To better comprehend the Company's other practices and policies, please review the Privacy Policy and the Editorial Policy.

Copyright © 2008 The Connors Group, Inc.