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".....3) Ahh, and the excitement... I don't know what is more fun: to make
a few
bucks or to get up in the middle of the night to try out a bright idea that
makes millions in backtesting..."
With this mindset, you become the market's legal prey.
There should be no more "excitement" over a winning trade as there would be
over a losing trade.
Al Taglavore
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> From: Herman van den Bergen <psytek@xxxxxxxx>
> To: metastock@xxxxxxxxxxxxx
> Subject: The fun of developing systems (newbie views)
> Date: Wednesday, October 24, 2001 9:57 AM
>
> Thanks, discussions of late made "some not so often thought about" points
> surface.
>
> It may help you to be become successful AND happy (note the Boolean
term!)
> trader if you reflect on how you get your kicks in this game. I think I
can
> speak on behalf of most newbies with these points:
>
> 1) We love our tools: Computers, the Internet, some programming, 'meet'
> some successful traders, and strike an occasional intellectual victory
(as
> we see it...). No doubt, Investment programs are among the best video
games
> around.
>
> 2) We can justify our time behind the computer. We tell our friends and
> relatives that eventually we WILL SURELY make some money to pay for our
> toys (computers, software and data). Only the brave add to that that you
> consider yourself to have what it takes to be in the top 5% who
succeed...
>
> 3) Ahh, and the excitement... I don't know what is more fun: to make a
few
> bucks or to get up in the middle of the night to try out a bright idea
that
> makes millions in backtesting...
>
> 4) Profit objectives are not the same for all of us. Most of us, I would
> think, start as a hobby investor/trader and we are not aiming to become
an
> investment professional. The desire to become an Investment professional
> comes after many years of consistent success not before - at least it
> should. Most of us would be quite content to sync the market once or
twice
> in their lifetime, that's all we need. Just have a good exit strategy!
>
> 5) The 'need' to make money should be differentiated from the 'desire' to
> make money trading. One doesn't, or at least, shouldn't start trading to
> "earn a living". If you need money to buy bread: go get a job!
>
> Ahh, well, enough said...
>
> Have a great day,
> Herman.
>
>
>
>
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