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Ah, but the rub comes in when the percentages change radically and the black box
trader has no idea of why or how to compensate or adjust. The black box trader
must then go in search of another black box ....
I also think the analogy, to knowing what makes cars or computers or whatever
work, is inappropriate. As professional traders, it is our job to know our
business inside and out. Likewise for the engineers who build our bridges, the
accountants who prepare our tax returns, and the surgeons who perform our
surgery.
Earl
-----Original Message-----
From: MRLYNNG@xxxxxxx <MRLYNNG@xxxxxxx>
To: realtraders@xxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxx>
Date: Saturday, May 30, 1998 7:59 PM
Subject: Re: Re;S&P/Hotlines Etc...
>The key element to me is not that the infomation comes with no teaching, the
>key is whether it is accurate a high percentage of the time. I believe this
>is the real subject ... that the people doing this are NOT correct at a high
>enough percentage to positively effect your trading. That is a concern for
>all of us. However, if you are really saying that you will not use anything
>unless you are taught how it works, then I must respectively disagree. Just
>my opinion.
>Lynn
>
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