The BIG FISH Trader

by Sarel Oberholster

The BIG FISH Trader: Another unapologetic strategy guide for all human and retail traders. (Retail Trader Guides) Hardcover

The BIG FISH Trader: Another unapologetic strategy guide for all human and retail traders. (Retail Trader Guides) Paperback

My Fellow Human Retail Traders,

The Big Fish Trader follows The Paranoid Trader to remind my fellow retail traders of the risks of being a retail trader in a market where we are always the prey. Like The Paranoid Trader, this book is not a "how to" guide or attempting to provide a specific strategy or trading toolbox. It speaks to the absolute need for a retail trader to develop their own defensive strategy anchored in their own unique personalities.

I have been on the inside of a Big Fish Trader and know the attitude of the Big Fish Trader towards the retail trader. Let's just say its not friendly and is accompanied by a toothy smile. I cast myself in the role of the Big Fish Trader and come after you, the retail trader, with the murderous intent of the Big Fish Trader. Its for you to then decide if you want to trade in the shadow of the Big Fish Trader feeding off the crumbs leftovers which can be a hearty meal for a retail trader provided you can stay out of the way of the Big Fish Trader else you will leave behind crumbs for others to feed upon. Perhaps you would prefer to just stay as far as possible away from the Big Fish Trader which would require you to design a strategy of tracking Big Fish actively and alerts to it. Perhaps you want to adopt a porcupine strategy to make yourself unattractive and unpalatable for the Big Fish Trader. I leave it to you to adjust and interpret the visualizations into your own customized strategies. Be innovative be imaginative and dare to be different, the Big Fish Trader feeds on the collective, on the herd. It finds the maverick too much of a bother when the herd is just so easy.

Any specific strategy which I may spell out in the book simply creates another collective, retail traders who can be corralled and fed upon. That is why you must have your own unique strategy.

The Big Fish Trader will guide your insights about the dangers you face when you trade. You personal style will have specific weaknesses which the Big Fish Trader will exploit against you. I have, for example, found that I often get bitten by a strong conviction keeping me in losing trades longer that I should. I had to adjust my trading strategies for it as my conviction hurt me more often that escaping a losing trade. I'm also prone to an aggressive response when I find myself inside a Big Fish Trade and had to incorporate trading strategies for an early escape when I become aware that I'm playing inside someone else's sandpit.

The Big Fish Trader addresses the vulnerabilities of the retail trader in a playful humorous style even though being very serious about those vulnerabilities. Enjoy the tale but do not miss the message to develop appropriate strategies for your unique vulnerabilities. Hide, run, be alert, be different, but never attack as you can't win.

Trade at you best.

Warm Regards,

Sarel Oberholster