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Unfortunately I never had a real mentor...I lied
The most impressive guy i met/worked with in this business was John
Mulheren
(of the 80's takeover/Ivan Boesky days)
He taught me alot about my own shortcomings and opened up a whole new
world
(tech analysis) to me.
Tough guy to be around though.....he's much brighter than you and me.!
> -----Original Message-----
> From: Philip Nixon [SMTP:xfs68@xxxxxxxxxxxxxx]
> Sent: Friday, May 01, 1998 11:21 AM
> To: MitchT@xxxxxxx
> Subject: Re: selloff in SPU
>
> Mitch,
>
> I agree with you and your mentor. Out if interest (and if you are
> happy to
> say) who is your mentor?
>
> Philip
>
> ----------
> > From: Tullman, Mitch <MitchT@xxxxxxx>
> > To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> > Subject: RE: selloff in SPU
> > Date: 01 May 1998 17:06
> >
> > Well, the reason I ask questions like that is because my mentor told
> me
> > the more info you have the better.
> > For example, this question got someone to tell me that 20 million
> shares
> > of stock hit the floor
> > and that caused the selloff. That caused me to ask why would that
> > matter. Then someone points out that
> > Japan is on holiday and so are most of European markets....so
> liquidity
> > isn't graet.....which
> > means the move was probably a liquidity issue and not a sell signal
> Abby
> > Cohen may have given her
> > paying customers...(not me , but maybe another trader out
> there)....so
> > with this info I may fade the
> > locals and double up when they try to run their stops.
> > Bottom line is if Abby says sell...my technicals and yours are
> worth
> > shit!
> > > -----Original Message-----
> > > From: Peter 2150 [SMTP:Peter2150@xxxxxxx]
> > > Sent: Friday, May 01, 1998 10:19 AM
> > > To: RealTraders Discussion Group
> > > Subject: Re: selloff in SPU
> > >
> > > In a message dated 98-05-01 10:49:51 EDT, MitchT@xxxxxxx writes:
> > >
> > > > Anyone have a real explanation for the 4.5 pt downdraft we had
> in
> > > a 5
> > > > min period
> > > > @ 9:25 c.s.t.??
> > > >
> > > Mitch
> > >
> > > I have a question for you, and others who ask this kind
> of
> > > question,
> > > and this isn't intented, to be critical, a flame, but hopefully
> start
> > > a
> > > thought process.
> > >
> > > What difference does the reason make???. My mentor
> would
> > > say who
> > > cares, we act on indications of direction, and some moves are
> great
> > > like that
> > > was, and some don't go anywhere, and there is absolutely no way
> ahead
> > > of time
> > > to know what will happen.
> > >
> > > How will knowing what caused this move, help you
> anticipate a
> > > move in
> > > the future, when it might be totally different.
> > >
> > > Joe Ross also says it well "Trade what I see, not what I
> > > think."
> > > Looking for an explanation, tends to lead one to an I think mode.
> > >
> > > Hopefully this makes sense.
> > >
> > > Pete
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