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You don’t have that luxury off the floor, because you lose the edge when putting in the orders. Also, the judgments you make looking at prices on the screen aren’t as good as those made in the pit watching what is going on. In the pit, there are indicators that you learn subconsciously, like “these three guys are never right at market turns,” and if they all do the same thing at the same time, a light clicks on. It took me a long time to realize that those tools weren’t
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hegde dad ....feel the market pulse of what is hot
Market Wizards: Interviews with Top Traders
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