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I have visited a SOEs All Tech trading company here in my area, and I was
amazed of all of the people there, sitting at terminals..All varities of
people, many who I would guess are losing money, and are playing on all of
the hype of the market these days. Like the Dow 30 options.!. Many look like
retires betting their pension in Vegas... Not disrespect intended, but like
many should be there.
I consider myself like a Blackjack player who has learned how to count
cards. Can it be taught???
I don't always win, but it provides a decent lifestyle.
Regards
Don
-----Original Message-----
From: Michael E. Strupp <combat@xxxxxxxxxxx>
To: reen@xxxxxxx <reen@xxxxxxx>
Date: Wednesday, October 22, 1997 9:11 PM
Subject: Re: Gen: Why this SOD?
>Don Green wrote:
>>
>> I trade using E-schwab, and execution maybe 20-40 seconds.. I have found
it
>> doesn't really matter.. An important factor in trading is don't be
>> GREEDY... I am not SOES... I buy at the market and sell at the market.
>> If I lose 1/16 or 1/8 it is alright.. If you get to wired with strees in
>> these matters you can be a good trader.
>> Keep it simple...
>>
>> Regards
>> Don Green
>>
>
>Let me second that motion! I've been trading for the past several weeks
>using a DOT machine, which utilizes an electronic trading system for
>smaller orders on the NYSE - needless to say, executions are wicked
>fast. Anyway, if I had gone to the market each and every time I tried
>to make that extra sixteenth of a point, the trading account would be up
>MUCH higher than it is right now!
>
>LESSON: For the want of a sixteenth, a 1/2 point move may be lost! Don't
>try to be perfect, just try to be profitable!
>
>How about that IOM?
>
>Sincerely,
>
>Michael Strupp
>Chicago, IL
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