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Peyton,
The people that don't understand what you have said about your friend
and mentor will not travel the road you have. There is some good
in that isn't there?
Best regards,
Jimmy Snowden
mailto:jhsnowden@xxxxxxx
Sunday, December 7, 2003, 1:51:09 PM, you wrote:
PM> Hello All
PM> I don't comment on this or other forums often , and I'll explain why.
PM> This is observation and not intented to start a spat with anyone, Please !
PM> The really serious traders with whom I have any contact, all have one thing
PM> in common.
PM> They rarely seem to have time or energy to do a lot of talking, writing or
PM> anything else
PM> but trade. It is exhausting to wrestle with the market all day.
PM> But there are exceptions.
PM> There always are.
PM> I have one friend who is medical doctor in what I believe is one of, if not
PM> the most
PM> stressful areas of medicine, an ER doc. He works 12 hour shifts in a major
PM> trauma
PM> center. Gunshot wounds, boating accidents, car wrecks, stabbings, you name
PM> it,
PM> he treats it, often simultaneously. Now let me tell you from first hand
PM> experience with him.
PM> It is a truely life and death, stressful job.
PM> Yet, he also runs a very successful real estate development business, hands
PM> on,
PM> owns a restaurant and is a nationally ranked sail boat racer.
PM> Talk about exhausting.
PM> I get tired just listening to what he's been doing since I last saw him.
PM> My own trading mentor simultaneously ran three very successful financial
PM> businesses
PM> and also traded quite successfully.
PM> I could mention others.
PM> Now the zinger.
PM> Not one of these traders would show me anything about their actual trades.
PM> ie no track record, systems or anything else.
PM> And frankly, I DON'T CARE.
PM> Why ?
PM> Because it's all personal.
PM> However, what they taught me is priceless.
PM> It really isn't as important how much I might know about what or how they
PM> did their
PM> trading, as it is to know that I can do it.
PM> ie Whether I can Answer the call.
PM> If I told you the "system" my own mentor taught me, how long it took to get
PM> him to
PM> tell me, what it was or how much money he had made with it, you simply would
PM> not believe it without proof. YeHow do I know ? Because, I have told many
PM> people
PM> the essence of it. Most shrugged it off in disbelief. Since his death a
PM> couple of years
PM> ago, I have had access to his trading journal (yes , he kept one,
PM> maticulously ).
PM> I have been surprised in my life but rarely about people. In this case I
PM> was.
PM> His journal, when studied along with his charts, (yes , I have studied it)
PM> revealed
PM> how simple his technique had remained for many years. He actually told me
PM> once,
PM> that I would be surprised to know how simple and straight forward his
PM> methods were.
PM> I was and they were.
PM> Whether I or anyone else can trade them is personal.
PM> I think it is wonderful that some people are willing to share their
PM> knowledge with others.
PM> I for one, would not expect to get this knowledge without paying for it.
PM> Some have shared, I have paid and thankfully some of it stuck.
PM> I do agree that the "make a million" type adds are obnoxious. But what never
PM> ceases
PM> to amazed me are that so many are so gullable to believe it. As you know,
PM> those adds are
PM> unfortunately hardly unique to trading.
PM> I receive that junk too. Thanks to email, and a lot of it.
PM> But that's ok. The good news is that some very bright computer geek, early
PM> on, placed
PM> one of the most important icons on even the earliest computer screens.
PM> The DELETE button. It gets a lot of use on my computers.
PM> One of the lessons we should strive to teach our children is to use the
PM> "delete" button.
PM> With computers and in life.
PM> "Those who can, do. Those who can't , teach and write books"
PM> But believe me there are exceptions.
PM> Use your delete button now , Please !
PM> Thanks ! :)
PM> Peyton Morgan
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