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Rick
I was being kind. I wanted to see what this wonderful system was. I mean
2600% in one month! Wow! That post sounds like the time my dad called me
all excited. He was jabbering on about how he had found the perfect system.
Worked great. No losses! I, naturally, asked him what it was, and his
response was: "Buy Low, Sell High!" Then he cracked up. My response was to
ask him to wait a minute while I found my pencil, so that could write it
down before I forgot it. :) I guess you needed to be there.
Makes my Mickey mouse trading system look puny in comparison. I can't ever
imagine how even I could screw up that trading system (that's not a trading
system). :) Well, by pyramiding, I probably could.
I remember what my dad told me as a young child. If someone comes up to you
on the street with a sealed deck of cards. And he wants to bet you that the
Jack of Diamonds will jump out of that deck and spit in your eye, don't take
the bet. Regardless of how impossible it sounds, he knows something you
don't know. Reminds me of the old adage about if it sounds too good to be
true, it probably is...
And yes, I do play poker and bridge, but haven't for several years because I
couldn't get my wife interested in the bridge part. My dad's a life master.
I played a lot of side tournaments as a kid with my mother when he was
playing in the big room with the likes of Sheinwold, etc. I can't remember
his name, but as a kid, watching the guy in the iron lung play always amazed
me. Before I got 5 black points in local competition, I had 25 red points
from all of those national tournaments.
By the way, I dug out your old post to me about money management and shipped
it onto my brother to see if I could get him to do something productive for
a change. His last contribution was to suggest, the day before the big up
day, that we should follow this 'special signal' of his that said we should
go short. What a trade that would have been. I decided that since our
intermediate trade was to the long side, and our short term trade was also,
it didn't make a lot of sense to go against our other two signals. If I had
listened to him, we would have lost almost 40% of our capital in one day...
No wonder we're always starting over again. :)
We are going to aggressively take control over this aspect of our trading.
While we don't make anywhere near the 2600% a month, we do fairly well, so
we'll just stick with our trading system.
Regards
Guy
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Rick Mortellra
Sent: Wednesday, February 24, 1999 1:17 AM
To: metastock@xxxxxxxxxxxxx
Subject: Re: AOL, CSCO, & WMT
-----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
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