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I did not try to cover all aspects, but "Trading Style". and how to
have one.
Agree with you, if you can dream it, you can do it.
Val
----- Original Message -----
From: Pedro A <petawas@xxxxxxxxxxx>
To: <ikaplun@xxxxxxxxxxxxxxxx>; <Anthony3@xxxxxxxxxxxx>;
<omega-list@xxxxxxxxxx>
Sent: Saturday, July 22, 2000 2:06 PM
Subject: Re: Intitial Trading Methodolgy
> >From: "Igor Kaplun" <ikaplun@xxxxxxxxxxxxxxxx>
>
> >my point of view on your question.
> >Say, you became a parent..
> >How long will take for you to be a good father? Year? Two years?
Ten
> >years?
>
> I agree that spending time with your kid is great, but if you are a
first
> time father, wouldn't it also make sense to ask for counsel from
more
> experienced parents? Go to Lamaze class? To read about early
childhood
> education and development?
>
> >Those guys learn their trading style hard way by >experimenting
this
> >way or that way. I do not know them, but I am sure that >this is
the "way
> >to go".
>
> That is not true. Many great traders were influenced by mentors,
books,
> newsletters, even simulated (AKA paper trading) trading
experiments. Marty
> Schwartz admits to being a "synthesizer" of other's methods (he
spent 10
> years "synthesizing" before he made money in the S&P). Ed Seykota
tested
> (paper traded) systems programed on punchcards and said: "Donchian
[is a]
> guiding light of technical trading." Most of the "market wizards"
mention
> "Remininces of a Stock Operator" by Lefevre.
>
> >Education or use of purchased system will bring you no >style. Can
you get
> >real life experience by reading books?
>
> Agreed, you must actually trade, but before you do, you need a plan
that
> suits your style.
>
> >Here is the direct answer on your question.
> >You Long, say on S&P futures. You have no idea on how market will
> >react on speech of Federal Reserve Chairman. You put protective
stop
> >below the previous low. At the moment Federal Reserve Chairman
appeared on
> >TV screen your protective stop was hit and then market rally. Now
you will
> >have real experience. Next time if you will decide to go Long
before the
> >News you may put no protective stop, or you may close your
position. From
> >now on that
> >experience will be part of your trading style, and >whenever you
want
> >to construct a system you will build it with the >knowledge of that
new
> >experience.
>
>
> Although you will learn from the emotional experience of losing
several
> thousand $$$$ in a few seconds, the technical ideas could be learned
on
> paper.
>
> Again, I agree actual trading is the best teacher, but surgeons
don't start
> out on live subjects, kids don't learn to hit baseballs against
Nolan Ryan,
> and if you step into the S&P unprepared....you might find out more
about
> trading than you want to know :(
>
> P
>
>
> >Regards,
> >
> >Val
> >
> >
> >----- Original Message -----
> >From: Anthony <Anthony3@xxxxxxxxxxxx>
> >To: <omega-list@xxxxxxxxxx>
> >Sent: Friday, July 21, 2000 2:52 PM
> >Subject: Re: Intitial Trading Methodolgy
>
>
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