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At 11:45 PM 5/12/98 -0400, Walt Downs wrote:
>
>[[someone named Rob said he was proud of Jake Bernstein]]
>
>Rob,
>
>An interesting opinion. However, one must consider the ehtics
>invlolved. Allow me to draw an analogy:
>
>Many traders, and especially the public in general, find the markets
>quite addictive. It is not a business to them, it is a drug. They
>move from trade to trade, always looking for the next "fix". When
>this happens it is sad to see. But, when someone takes advantage
>of this, it is an absolute moral disgrace.
>
>I wonder if you would feel the same about Mr. Bernstein if he were
>selling drugs on your street corner.
>
>Walt Downs
>CIS Trading
>
>
Walt,
I do have respect for you based on past exchanges here on this
exchange. However, the sentiments exchanged here seem a bit
businessman vs. Lutheran.
We might all be accused of indirectly selling something addictive
on a street corner. When you have entered a trade and you see
the money on the table double, where should we think it is coming
from? Our good teachers/mentors are coaching us not to think about
that. We are told to get into this only if our beliefs are
consistent (some even say that if we have hang-ups about taking
what we did not work for, that this will lead to us not making an
exit when the profit is there, and sabotage a winning strategy).
I will call down anyone, just like you, when they are pandering to
the gambling addiction (promising miraculous brokerage service, quotes
or the "end-all" mechanical system). But I hope I am not the only one
who can take winnings while realizing that the whole market might be
dull and illiquid if it were not for a good number of people who are
really addicted and just cannot keep me from winning (or who by sabotaging
their own goals, deliver it to me).
This thing is not for Lutherans. ;) (I am non-denominational and am
not trying to pick on those Norskies, but Garrisson Keillor has made
them an ikon of guilt).
tradingly,
PeteNa9090
petena9090@xxxxxxxxxxxxxx
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