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Rick_Ratchford wrote:
> I thought Norman brought out some interesting points that I have to
> agree with. I make my comments below those points.
>
> nwinski wrote:
>
> I barely scraped thru 8th grade math and probably flunked that
> > IQ test. Interestingly, it is my understanding that Albert Einstein
> > flunked 8th grade math. But there is a funny correlation that I have
>
> > observed that pulls all of this together.
>
> <snip>
>
> > I noticed after awhile that the more degrees and education
> > they had the worse they were at trading.
>
> <snip>
>
> > ... the most successful and wealthiest
> > traders at the CBOE and the CBOT were lucky if they got thru
> highschool.
> > Many of these top trades were former cab drivers and newspapers
> stand
> > people. So why did the overeducated ones do so poorly? I noticed
> that
> > they tended to overanalyze everything.
>
> <snip>
>
> This is interesting and makes sense. I have no degrees. Didn't feel
> one
> was needed. It wasn't. It seems that some do over analyze a bit. Could
>
> it be due to their college experience? Maybe. But it appears that
> there
> are many without 'higher' education that tend to excel in this field
> of
> trading. Why? Possibly because they are not boxed into a narrow way of
>
> looking at the markets. They may not have been pre-programmed by
> 'higher' education that the market has to be this way or that.
>
> Now of course this does not apply to everyone, and 'higher' education
> is
> just great in my opinion. I highly respect those who had the endurance
>
> (and money) to go through several years of college to attain those
> documents. I wish I could have, but I was out on the street by 17 and
> had to start earning.
>
> > Albert flunked 8th grade math. He said the key to his
> > genius was that he never grew up, that he was still a child at
> heart.
>
> <snip>
>
> Deja Vu? As mentioned from articles I posted here last year, you have
> to
> have FUN! I'm having a BLAST! How else can you continue even after a
> just a few losing trades if you let things get to you? My wish is that
> I
> can continue to have fun so that the wins will be that much better!
> Sure
> it is a business, you don't have to tell me. It is my business. But I
> only do it because it brings out the child in me to have FUN! Oh, and
> profits are okay also. :)
>
> > Albert Einstein took a profound concept, relativity, and made it
> simple.
> > Albert even wrote a simple example of riding on a train that I could
> use
> > to explain to my 5 year old son in about one minute, so that he
> would
> > understand relativity.
>
> <snip>
>
> Now, forgive me if this sounds religious, but it is not meant to. But
> this point should make sense especially to those who are religious. In
>
> the Bible you can read of the life of one whom many consider the
> greatest teacher of all time, Jesus Christ. As the son of God, he
> should
> be the genius of geniuses, right? Yet, did how did he teach? By using
> very SIMPLE illustrations that everyone could understand when dealing
> with tough concepts (what could be tougher to comprehend than the
> subjects he was dealing with?). The point is that he did not use big
> terms or felt he had to to help others understand. He used SIMPLE
> terms,
> he used objects they were FAMILIAR with. Now his audience wasn't just
> simple fishermen or carpenters either. He had very sophisticated
> people
> listening as well. Luke was a Doctor, Matthew a tax collector, and the
>
> Scribes and Pharasees were 'highly' educated, well lettered men.
> Everyone was taught the SAME way. Oh, and he didn't feel he had to
> tell
> everyone he was a genuius. This they could discern by themselves. His
> genuius dictated that SIMPLICITY was the best way to teach. Whether
> you
> believe his existence or not is irrelevant. The lesson is clear.
>
> So, the point is that talking way above others heads and using big
> words, etc., is really NOT a sign of TRUE genius. It is more a soapbox
>
> display of ones idea of himself.
>
> If you want to do well in trading, you MUST keep it simple. If you
> want
> to teach others, you need to express it in SIMPLE terms. Move away all
>
> the cobwebs. Stop getting so frustrated at all the squiggly lines on
> your charts. Clear them off and start clean. Use what works and don't
> pile it on. Make sure it is SIMPLE and FUN, or look to do something
> else.
>
>
> > Simply,
> >
> > Norman
>
> Cheers!
> :)
> rick
>
> --
> **** http://FSoftPublishing.com ****
> Market Of The Week Forecast
> http://FSoftPublishing.com/forecast/forecast.htm
Way to go guys. I,personally, am a university graduate in Finance.
With what they taught me in the campus, I found them they are absolutely
a waste of time. When I walked out of the campus back in 1984, I
thought I was well-equipped with all the necessary tools to conquer the
financial markets....And that was the biggest illusion I've encouter in
the course of attempting to be a trader. When it comes to making money,
nothing and I mean nothing will beat Technical Analysis. I just
couldn't imagine myself using Random Walk Theory and Efficient Frontier
to trade the markets! That would be madness!
Have a good one
Jeff Harteam
Hong Kong
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