On the differences between markets, Angell noted that "all the markets have different characteristics and you have to know your market very well. On the floor, a guy who trades lumber isn't going to trade the S&P. And traders trade the markets differently. People are known according to how they trade. This guy is a scalper. This guy trades back months. This guy is a spreader. This guy is a position day-trader. The novice trader needs to know he's got to be a specialist.
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