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...here's to the chase!
-----Original Message-----
From: Randy Murphree [SMTP:murpran@xxxxxxxxxxxx]
Sent: Monday, June 29, 1998 1:44 PM
To: bmassey@xxxxxxxxxx; omega-list@xxxxxxxxxx
Subject: Re: Interesting thought for all newbies and some so called Pros
In my last 10 or 12 year's search for the real way to trade, I found out
mostly what doesn't work. The few nuggets that are worth their weight in
gold, are the ones that I've researched and found on my own. TradeStation
has played a very important role in this process. Some others may have
found an easier path to learning this difficult process, but I've come to
realize that the only route to success for me is through hard lessons and
constant study of market behavior. I doubt that this quest will ever end.
But I'm also more convinced than ever that it is attainable. I will
continue my learning process until I'm either satisfied with the results,
or suffer from burn-out, or die. Hope the former precedes the latter.
Here's to the chase!
Randy Murphree
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From: Brian Massey <bnm03@xxxxxxx>
To: omega-list@xxxxxxxxxx
Subject: RE: Interesting thought for all newbies and some so called Pros
Date: Monday, June 29, 1998 2:23 PM
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
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