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Quoting from the book "The New Money Master" by John Train on page 246:
Andrew Tobias offers a pleasant "technical analysis" story. There was a $600 seminar on such matters in New York's Waldorf Astoria Hotel on Dec 6-7, 1986. One of the most promising gurus was "Norman Winski" described in the invitation as follows: "In 1975, he became a member and market maker on the floor of CBOE. During an 18 month period, 1976-1977, he successfully parlayed $500 into nearly $1,000,000." (Tobias observes that one could scarcely do that unsuccessfully). The invitation forgot to mention a little problem: In September 1977 - still ten years before the famous seminar - Winski went bust.
This information is not intended to constitute as an act of insult, embarrassment or downgrade a certain person/methodology but rather to inform and help us all to learn to be more succesfully in terms of trading.
If this above was correct, we could ask for more opinion from Mr. Winski on what had happen? And what changes & mistakes does he observe and brought him back to today as a NEW CONFIDENT TRADER at present.
Hope Mr. Winski will put this in constructive comment to help us traders on our won wrong doing and fault.
Glad by the long years of Mr. Winski experience as a trader would serve as a good lessons in life as a trader.
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Best Regards!
Visavis Visavis@xxxxxxx
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