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Re: AOL, CSCO, & WMT



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Rick, you write beautifully.

<<I know I can make money anytime I want, up or down because I don't have
a system, I have what works.>>

?? Make money because of NO system??  Does this imply no methodology??

<<Managing money is no more than learning to read patterns and setting
 your entry and exit points in the right spot.>>

I thought reading patterns was the basis for Technical Analysis.  Did not
know pattern identification was also money management.  Hm-m-m.


Al Taglavore

----------
> From: Rick Mortellra <rmjapan@xxxxxxxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: Re: AOL, CSCO, & WMT
> Date: Wednesday, February 24, 1999 3:17 AM
> 
> 
> -----Original Message-----
> From: Docteur <docteur@xxxxxxxxxx>
> To: metastock@xxxxxxxxxxxxx <metastock@xxxxxxxxxxxxx>
> Date: Wednesday, February 24, 1999 2:12 PM
> Subject: Re: AOL, CSCO, & WMT
> 
> >Don't get me wrong here but probabilities are for gamblers.
> 
> I would say they serve Steve Wynn quite well.
> 
> >Again, it's not rocket science.  Just tried and true patterns that have
> >been working for centuries.  Japanese candlesticks have been successful
> >for more than 250 years!
> 
> 
> Tell that to the Japanese. They need the encouragement, trust me.  ;-)
> 
> >I earned 2600% on my account in November and 1200% in
> >January (I took December off).
> 
> Pray tell, exactly what securites provided you with these roulette-type
> odds? And what leverage, if any,  did you use?
> 
> >I'm not trading this month so I can just
> >focus on reviewing what I've learned to date and hone my skill even
> >more.
> >I know I can make money anytime I want, up or down because I don't have
> >a system, I have what works.
> 
> 
> Why Tickle Me Elmo! That's a good one! Tell me another!
> 
> >Listen, I'm an educated man and have made millions in other businesses.
> 
> On a roll now. Somebody stop this guy!
> 
> >You'll be amazed at how often we take profits!
> >I'm not an owner of the website but a paying member.  But Ryan and his
> >partner have taught me so much I could never repay them.  So I tell
> >everyone I can to check it out.
> 
> 
> Punchline!
> 
> >I gotta go eat now.  You're about the 100th e-mail I have answered
> >today.
> 
> I get it, this is the "skill" you've been honing during your month off.
> 
> >Go for excellence and quit wasting your time with bullshit timing and
> >probability programs.  What we do works! Prove it to yourself.
> >And remember, the truth will set you free...
> 
> Yeah, free to hit the DELETE button.
> 
> >Now darn it, check out what I'm saying and quit wasting your time with
> >probabilities.  I mean are you a trader or a speculator/gambler?
> >
> >Doc
> 
> Great traders/investors/whatever tend to be great high stakes
poker/bridge
> players. They also tend to be great at math and fairly secretive
regarding
> their trading business.
> 
> On the other hand, I would suspect YOU tend to be a great carnival hawker
in
> the greatest show of the century.
> 
> bye,
> Rick
> Tokyo, JAPAN
> 
>