Structure of the Market told to me by my "Unc"
Like I said Unc was a geenuine thug back then. A street purist to his heart. As much money and drugs Unc had
he would still pick days where he would go on the corner and hustle "hand - to -hand" serving customers as they
came.
The customers loved the fact that they were getting served by the big boss himself. Unc just did it so
he wouldn't have to pay any workers. He also said he liked to stay close to the action that way he could
feel what was going on first-hand.
You'd see Unc out on those corners at the weiredest times. Snowfall, rain.. alot of the time when most of the workers
would take off. That's when Unc would get his.
There was a time when a gun-dealer came by. Now Unc wasn't really a violent man. However he would match action with action.
That being said Unc would try to buy every gun he could any way he could.
You would never know when the gun-man was going to arrive. I don't even know if the gun man knew. But when he did Unc
wanted to buy everything. Sometimes the gun-man would come around in a torrential rain storm, only person on the block
is Unc.
Now Unc wants them guns, and the gun-man wants to sell them. But Unc aint no fool, and I have never seen him over pay for
anything. When the gun-man come through and Unc know there isnt any one around but him, Unc will refuse to pay 1 penny more
than he thinks those hammers are worth. No matter what the gun-man says, re-buffs, or offers.
Other times the gun-man may come around, and it's just a regular day where all the local dealers are out with there various
wares. The gun-man usually makes out like a bandit then, and the local dealers always fall for the hype when he says he may
not be back in town for months because of the heat or whatever.
In Both these scenarios the price of the guns could have been the same, But they represent two totally different encounters.
Two seperate events where 1 is a single transaction and the other involves multiple transactions. 1 event occurs at a time
with only 2 people present, the other has many people involved.
All markets are the same... What elements from the market are always given ? What parts of the market can we KNOW for a FACT ?
Once we as traders can make decisions based on a factual basis, we will just naturally make less bad decisons.
he would still pick days where he would go on the corner and hustle "hand - to -hand" serving customers as they
came.
The customers loved the fact that they were getting served by the big boss himself. Unc just did it so
he wouldn't have to pay any workers. He also said he liked to stay close to the action that way he could
feel what was going on first-hand.
You'd see Unc out on those corners at the weiredest times. Snowfall, rain.. alot of the time when most of the workers
would take off. That's when Unc would get his.
There was a time when a gun-dealer came by. Now Unc wasn't really a violent man. However he would match action with action.
That being said Unc would try to buy every gun he could any way he could.
You would never know when the gun-man was going to arrive. I don't even know if the gun man knew. But when he did Unc
wanted to buy everything. Sometimes the gun-man would come around in a torrential rain storm, only person on the block
is Unc.
Now Unc wants them guns, and the gun-man wants to sell them. But Unc aint no fool, and I have never seen him over pay for
anything. When the gun-man come through and Unc know there isnt any one around but him, Unc will refuse to pay 1 penny more
than he thinks those hammers are worth. No matter what the gun-man says, re-buffs, or offers.
Other times the gun-man may come around, and it's just a regular day where all the local dealers are out with there various
wares. The gun-man usually makes out like a bandit then, and the local dealers always fall for the hype when he says he may
not be back in town for months because of the heat or whatever.
In Both these scenarios the price of the guns could have been the same, But they represent two totally different encounters.
Two seperate events where 1 is a single transaction and the other involves multiple transactions. 1 event occurs at a time
with only 2 people present, the other has many people involved.
All markets are the same... What elements from the market are always given ? What parts of the market can we KNOW for a FACT ?
Once we as traders can make decisions based on a factual basis, we will just naturally make less bad decisons.
