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Re: Who makes money?



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You should post just one of your "ATM"  year end Brokerage reports to prove
your big  successes. I have yet to see anything but verbage and boosts from
you so called successful traders. "Show me the money"!!!
Bill
-----Original Message-----
From: sptradr@xxxxxxxxx <sptradr@xxxxxxxxx>
To: Jeff Caplan <jeffwcbs@xxxxxxxxx>
Cc: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Saturday, October 24, 1998 1:48 PM
Subject: Re: Who makes money?


>Yes, I do, and have, since '84, in the s&p's.  My trading method consists
>of discretionary trigger pulls with indicators, pivots, systems, etc.
>delineating market structure.  I was successful right off at bat because I
>took the time to research the markets in great depth without relying on a
>lot of the "conventional wisdom" before placing a single trade. I  continue
>to be successful because I do a lot of research and reading, especially
>unrelated market topics such as signal processing, fractal geometry, and
>nonlinear systems.  It also helps to like science and math too.
>
>Those of us who are successful are banging out trading profits like an ATM
>machine spits out money.  Unfortunately, since must we trade during the
>day, and do market research and bookkeeping at night, so we don't have a
>lot of time on weekdays to respond to email or to participate in flame
>wars.  I know that I have little time until the weekend to even think
>coherently because I must remain focused on the markets 24 hours per day,
>Sunday evening through Friday afternoon.
>
>I use software the way a carpenter uses a hammer or saw. I build indicators
>or systems with those tools. I was successful long before I heard of Omega
>or the Cruz brothers.  TS is simply a tool, no more, no less. If another
>tool comes along that's better, then I'll get it.  But I could still
>survive as trader with nothing more than a quote screen, pencil, paper, and
>calculator.  If you have nothing more than these, and a willingness to work
>hard and sacrifice your free time, then it is possible for anyone to
>succeed at trading.  Lazy bastards or get rich quick guys need not apply.
>
>Hope this helps...
>
>-Tony Haas
>
>Jeff Caplan wrote:
>>Is anybody making their *primary* living daytrading? (Not
designing/selling
>>   futures related products/services while trading)
>>How do you pass the time during the day while trading?
>>To what do you attribute your success?
>>Is your trading mechanical or discretionary?
>>Do you think you're one-in-a-million, or can your success be emulated?
>>
>>Thanks for any responses.  They're greatly appreciated...
>
>