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Fwd: re. McD and MkWizards



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I find it interesting that this was the only response to my McD post.

In a message dated 7/17/99 9:34:49 AM Pacific Daylight Time, ntw@xxxxxxxxxxx 
writes:

> And even today. You will  not find more than a handfull of TS at the Board
>  of Trade. Tell that to the list.  Neal Weintraub

>  ----- Original Message -----
>  From: <TradeWynne@xxxxxxx>
>  To: <omega-list@xxxxxxxxxx>
>  Sent: Thursday, July 15, 1999 4:15 PM
>  Subject: re. McD and MkWizards
>  
>  
>  > Tom Baldwin (in Market Wizards) became a floor trader after a job in a
>  meat
>  > packing plant. He had no computer experience, yet he supposedly took less
>  > than 25K to over 30 million in six years and trades upwards of 20,000 
Bond
>  > contracts a day. I guess you could say the guys at Omega who came from
>  McD's were in the meat packing business too (1/4 pound at a time). The 
point is
>  you can become a great trader (or whatever) regardless of what you did 
before.
>  > You don't have to be a great programer. You don't need six years of 
college.
>  > You don't need a fun toy like TradeStation. In fact, Market Wizards was
>  > written in the late 80's before TS existed. 

        Many of those guys used  computers
 for little more than quotes. Some of them still do charts by hand.


>  > That said, I agree that Omega Tech is frequently bad. Most of the best 
techs
>  > seem to pass through system and are gone or promoted in a few years. Too
>  bad,  but it's the nature of the beast.

>  > Bill Wynne
>  > SmartTrades.com

Return-Path: <ntw@xxxxxxxxxxx>
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From: "Neal T. Weintraub" <ntw@xxxxxxxxxxx>
To: <TradeWynne@xxxxxxx>
References: <f93455b1.24bfc582@xxxxxxx>
Subject: Re: re. McD and MkWizards
Date: Sat, 17 Jul 1999 10:50:24 -0700
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And even today. You will  not find more than a handfull of TS at the Board
of Trade. Tell that to the list.  Neal Weintraub
----- Original Message -----
From: <TradeWynne@xxxxxxx>
To: <omega-list@xxxxxxxxxx>
Sent: Thursday, July 15, 1999 4:15 PM
Subject: re. McD and MkWizards


> Tom Baldwin (in Market Wizards) became a floor trader after a job in a
meat
> packing plant. He had no computer experience, yet he supposedly took less
> than 25K to over 30 million in six years and trades upwards of 20,000 Bond
> contracts a day. I guess you could say the guys at Omega who came from
McD's
> were in the meat packing business too (1/4 pound at a time). The point is
you
> can become a great trader (or whatever) regardless of what you did before.
> You don't have to be a great programer. You don't need six years of
college.
> You don't need a fun toy like TradeStation. In fact, Market Wizards was
> written in the late 80's before TS existed. Many of those guys used
computers
> for little more than quotes. Some of them still do charts by hand.
>
> That said, I agree that Omega Tech is frequently bad. Most of the best
techs
> seem to pass through system and are gone or promoted in a few years. Too
bad,
> but it's the nature of the beast.
>
> Bill Wynne
> SmartTrades.com
>