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So Tom.. What do you recommend as one (or more) of your
favorite sources for the study of money management?
I realize that there are a multitude of them, and that many
are an integral part of a larger system? Anything pop out?
Ron Jones <ronjones@xxxxxxxxxxx>
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> From: Tom Stein <comfut@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re:Promoters
> Date: Friday, February 27, 1998 10:44 AM
>
> I don't mind most of these people.....I guess because I don't let them
"push
> my greed"
> button......in fact, I believe that most successful traders would never
get
> on the path to profits without consuming and discarding tons of
> garbage...I've read Rashke,Demark
> Bernstein,Roberts and just about everyone else.....I've taken some good
> stuff from
> all....I classify things that I don't use as "good stuff" , because
learning
> what doesn't work for ME is just as important as what does work for
> ME.........
>
> What is THE most important part of trading?????????????
>
> It's something that most people spend very little time on.......Can you
> imagine that?????? THE most important aspect of trading is not sexy,
> exciting, or easy to describe....so who would want to spend time on
it?????
> Someone who wants to stay in the "ballgame" long enough to make some
> $$$$$$$$$$...thats who......
>
> MONEY MANAGEMENT........who cares if I have 8 losers in a row for $500.00
> each??????? It might only take a few trades to make back my $4,000 and
> more.....
>
> That's what this "game" is about.....not being correct in your analysis,
but
> making $$$$.
> Yet, most humans cannot tolerate being correct only 20% of the
> time......most humans
> buy these courses, books etc...so they can be correct......they forget,
the
> real purpose is to make money..............
>
>
> Tom Stein
> comfut@xxxxxxx
>
>
>
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