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Hello Mark,
Thank you for the kind words and thought provoking comments. I will try to
answer your questions in the order received and with the same
diplomacy...LOL
No, I don't expect to have losing days. Losing trades yes, days no. I
expect to win Every Day. Do I have a bad day once in awhile - sure, who
doesn't. But it is due to me and not the markets, methods, broker, etc. If
I execute I win, if I mismanage a trade or two I may or may not. If I close
out ES's with SP's and neglect to checkout and then watch the market gap
open 5+ points against me the next morning I may not (been there, done
that...Oops...and Ouch) I have yet to see MY mentor have a losing day in
the time I have worked with him. My goal is to become as good as he is
regardless of how long that takes.
BTW, my mentor uses indicators and has developed his own. I'm just an
ex-computer guy who is not smart enough to use indicators so I don't use
them - but maybe I should.....
Last I checked I live on the planet earth, although after watching and
trading the Nasdaq for the last few months I am not so sure...
As for teaching, I never mentioned that or even remotely eluded to it in any
of my posts, and have zero interest in talking about it. Believe it or not,
all I was doing was conversing with fellow list members and trying to get a
thread going on what I consider to be the important aspects of trading. I
learn from other member's posts and I hope my contributions do the same. It
wasn't to bash anyone or their product or ideas - or promote my own. I
think that has been done enough on this list in the past. Any future posts
will have the website address removed and will only be signed by my first
name. (I have Outlook defaulted to the full name/address)
Trade Well,
BOB
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
Date: Wednesday, February 16, 2000 2:16 PM
Subject: Re[2]: Which holds best promise?
>Hello Bob,
>
>BH> For one it's a lot more fun as I like making my own decisions. It
>BH> is also much more satisfying.
>
>good for you.. Bob
>
>BH> Systems are also subject to drawdowns, and sometimes severe ones,
>BH> I am unwilling to accept those.
>
>are you saying you have no drawdowns? i think thats what your implying
>after reading below that you expect to never have a loosing day!
>
>BH> If you can read the price action and execute there is no reason
>BH> to have a losing day (barring order entry errors).
>
>GET REAL! what planet do you live on?
>
>BH> And any system has to be based upon somebody's opinion. I have
>BH> already learned that my opinion s-cks and the market couldn't care
>BH> less about it, so I am unwilling to trade someone else's opinion
>BH> or my own. There is more than one way to trade successfully, so in
>BH> the end we just have to find what works for us.
>
>Then Bob how is it that you are going to teach your students to trade
>if each has to find their own way? Your web site makes for very
>interesting reading.
>
>BH> Bob
>
>Mark
>
>
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