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Hi palsanand,
Thursday, October 9, 2003, 11:07:40 AM, you wrote:
p> Well, I don't just trade because I'm smart, but because I'm the
p> smartest man in the world... That is exactly what you say every time
p> you buy and sell; You are calling the whole world a fool, every time
p> you buy and sell... That you bought or sold the underlying
p> instrument (whether stocks, bonds or futures or FOREX) before
p> everybody else did... Trading is the most ARROGANT thing a human
p> being can do... If you want to make money trading, don't be just
p> arrogant, be smart too...
p> Regards,
Wow, do we ever approach this from completely opposite attitudes. ^_^
I assume every position I take is the stupidest thing I've ever done
in my life. I am positive that there is some critical piece of the
puzzle that everyone else sees, which I alone have failed to notice.
I am very sure that every player in the market knows more than I do,
and in fact may be a blood relative of the CEO of the company I'm
buying or selling, and is right now casually reading over surprise
financial data due to be released tomorrow that are not yet public.
If I traded Forex in any size or frequency, I'd be sure the Treasury
Department, the Ministry of Finance, and the BoJ would check the size
and vulnerability of my account before making startling policy
pronouncements. ^^_^^
Good luck with that feeling you have. I've known some people who
*used* to be in this business, who felt like that. Some of them even
did real well . . . for a while. ^_-
Yuki
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