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Don't be mesmerized by anyone's PR etc.....Those of you who traded the S&P's
back in Oct. of 1987
probably remember the spoos dropping to 200 on the open(I believe it was the
Tuesday after the crash)...
Guess who was the one who puked buckets of spoos at that low??????? Maybe one
of our floor trader members can elaborate more, but the point is EVERYONE has
losses. Soros or YOU will ultimately
be successful because your winners are greater than your losers....Take your
losers(if you are a poor loser...you better find another way to make money),
but make sure they are within the parameters of your account size...live to
breathe another day........
Tom Stein comfut@xxxxxxx
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From: owner-realtraders@xxxxxxxxxxxxxx on behalf of Visavis
Sent: Friday, October 31, 1997 3:58 PM
To: RealTraders Discussion Group
Subject: GEN: Soros
http://www.cnnfn.com/markets/wires/9710/30/soros_wg/ reported that the
Soros firm lost $2B attributed to this Black Monday. Stanley Drukenmiller
is the lead trader who handles all trade day to day transaction.
Just can't believe it that many large CTA like Vic Neiderhoffer and many
upreported one were hurt by this markets volatility.
Are they what we call the "Smart Money"?
:__________________________________:
Warm Regards!
Visavis
Visavis@xxxxxxx
:__________________________________:
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