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RE: Interesting thought for all newbies and some so called Pros


  • To: "omega-list@xxxxxxxxxx>
  • Subject: RE: Interesting thought for all newbies and some so called Pros
  • From: Brian Massey <bnm03@xxxxxxx>
  • Date: Mon, 29 Jun 1998 13:49:58 -0700

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This is a stupid thought.  Now I understand why you don't "YouDon'tGetNo". 

Think about it.

More than 1 person can use the exact same system and make money.  Three 
people can use the exact same system and make money. 4,5,6 even seven 
people can use the same system and make money.   Why then shouldn't I try 
to find a system that works?  What I discover has probably been discovered 
by someone else but it still works.  Odds are they aren't using it the 
exact same way I am anyway.  So there still is every reason in the world to 
research and discover.  Here's some more reasons

2. If you discover it on your own, you have the real power to adjust it as 
needed.  If you buy it from someone else you're at their mercy.

3. How do you know the canned system works anyway?  When buy a system from 
someone else for huge $$ when chances are overwhelming that it won't work. 
 If it does work initially, by the time I discover it isn't working 
anymore, I've lost HUGE $$$.  No one's going to show me how to trade unless 
there's a HUGE stake it for them.  As a newbie I can either spend lots of 
money buying someone else crap or I can figure it out for myself.  The 
intelligent person is going to ask lots of questions (for example, to some 
of the generous folks that visit bulletin boards like this one ), do lots 
of reading and and put the pieces together for themselves.

4. Most traders don't start out with hundreds of thoudsands so what cash 
they do have is valuable.  Better to  just risk it on the markets and your 
knowledge, rather than someone else's system and the markets too.

What they shouldn't do is pay vendors.

My advice to newbies is this: do the research, ask the questions, trade 
paper, trade midams, trade 1 lots in the regulars, then if you're 
consistently profitable, increase your size.

This approach works.

Brian.


-----Original Message-----
From:	IdontgetNo@xxxxxxx [SMTP:IdontgetNo@xxxxxxx]
Sent:	Monday, June 29, 1998 9:33 AM
To:	omega-list@xxxxxxxxxx
Subject:	Interesting thought for all newbies and some so called Pros

If for every buyer there is a seller and for every winner there has to be a
looser. For all you new comers that are spending endless days and nights in
front of your computers trying to figure out systems, indicators, 
oscillators,
and different time frames to make your ideas and systems work. Don't you 
think
that someone with a lot more money than you already figured it out and if 
what
your working on does work, they will make sure it doesn't just long enough 
to
get you discouraged. If it didn't work from the start, then you've already
lost your money by spending all this time that you will never be able to
replace.

                   Don't mind me, it was just a thought.

Morris