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So you folks don't think that Mark and I always agree here is an exchange we
had. Mark see you in New York and bring your cowboy boots!
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: Neal T. Weintraub <thevindicator@xxxxxxxxxxx>
Date: Thursday, August 06, 1998 7:17 AM
Subject: Re: FREE TRIAL LIVE REAL TIME S&P SIGNALS
>Neal T. Weintraub wrote:
>
>> I plan to expand on Tricks, Trips and Traps. Mark Brown may make a
>> guest opinion and talk about why the South Really Won the Civil War.
>
>You won the war because you had better shoes, that has been fixed, I
>have at least 50 pairs on standby now.
>
>> You guys have been very helpful. I see that you are more advanced in
>> computer software than we are in Chicago. And that in some ways, the
>> folks in Chicago, the pit trader has a little catching up to do.
>
>Yes, I'm surprised to see you admit it! That is a good first step for a
>floor guy. You need to know the upper room isn't just a place that
>someone retires to because they made it all on the floor. Also some
>upper rooms are in Dallas, they aint all in the windy city.
>
>> However, the concept of bidding and offering the market will still be
>> done on the computer.
>
>This Neal is unfortunately for floor brokers untrue. I have been
>involved with a project that artificially does bid and ask. It is being
>beta'ed right now as we speak. It uses a matrix of bid and ask criteria
>that each buy/sell party specifies and through the use of a super
>computer it will anonymously match the buyers and the sellers. Also a
>worthy note is the standards being set by yet another southern group,
>this will and has set the standard for major brokerage houses order and
>transition standards. In fact two very big firms are using it now.
>This allows a fully computerized program to directly enter orders on its
>own and the standards of the format in which it does this will be also
>used to do the real time back office. Again all fully automated, all
>this is fact and not fiction. With the advent of all this technology I
>still wonder if I shouldn't invent some kind of necklace that would
>block a persons ability to let their arm reach out for the phone and
>override their system?
>
>Unlike some I believe there are many ways to make money in the markets.
>Somewhere I believe there is a blind and deft floor trader that is doing
>just fine, likewise there is a drunk on a park bench doing hand
>charting that could buy us all and burn us with the money he's made. I
>also believe there are some sophisticated computer jockeys and some not
>so sophisticated doing just fine. All pulling money out of the market
>in various ways, I believe for me to live in vacuum and reject any
>other methods than what I know and understand is stupid on my part.
>Most people hate and ridicule methods of trading that they don't
>understand, I would make a challenge that I believe I could make money
>with any old standard well known method. How? just by understanding the
>logic and its weaknesses, I know its strengths are proposed to make
>money. Do they? well only experience and loosing your own valuable
>money will temper your knowledge to near completion. If smarts were to
>measured by personal loss, then I'm Einstein.
>
>Back to you, Mark Brown
>
>Imagination is More Important than Knowledge : Einstein
>
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