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To Neal and List:
My comments between
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>Neal wrote:
>Do you really need real time quotes and new back tested sytems to make a
>living trading?
>NO. NO. NO
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Do you really need commercial programs, vendors, programmers, trade
shows,
trading software, etc. to make money trading?
Using Neal's quote: "NO. NO. NO"
All the info you need to make money trading you can get from the library
or
on the internet for FREE. FREE. FREE.
Don't get me wrong. I love the commercial programs, vendors,
programmers,
trade shows, trading software, etc.
Why? Because as someone said on this list you bring LIQUIDITY to the
markets.
I LOVE LIQUIDITY.
And, DUMB MONEY will always go to the SMART MONEY. NO EXCEPTIONS.
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>And I can prove it . recently I interviewed a full time trader who makes a
>living trading. I am not talking about an existence from his back bedroom.
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I think if you can go from less than $50,000 in 1991 to $6,000,000 in
1997
from your back bedroom trading stocks as a retail trader long term and
short
term as my friend Wai has done that is ok with me.
I have seen his statements, but the statements are not important to me.
The most important thing to me was he TOLD me what he is trading, when
and why.
I have coat tailed him.
I have had 6 figure year from his info and help.
Slowly I will get to a 7 figure year.
He freely shares his info and insight to anyone who asks.
How did he make his millions? Can you read FREE information, analyze,
understand,
and formulate an opinion, and then buy 70,000 to 100,000 shares and wait
up to two
years or less for the stock to go up. If you can you WILL make over
$1,000,000.
CONFIDENCE AND CONVICTION are some of the things you need.
There are traders who make money trading and do freely share their
trading info
and knowledge.
They don't ask for anything, because they get there money from the
market.
You don't need to pay for the so called secrets to make big money.
So, as I tell my students:
NO WHINING.
NO EXCUSES.
IF YOU WANT TO KNOW WHY YOU LOST MONEY, GO LOOK IN THE MIRROR.
Good trading.
Bob
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