|
PureBytes Links
Trading Reference Links
|
Funny story Darrin,
The cure for the Media is the same cure for politics. Take the money out of
it. So long as there are bucks at stake "stuff" will happen. It's bad
enough to have power at stake without money mixing in. No, we don't want to
talk about how.
I hope that Japan can pull itself out it. Always comes down to that no
matter what the deal makers offer.
Regards,
Brent
----------
> From: Darrin Vernier <gphx@xxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Japan: Handling the Media
> Date: Monday, June 22, 1998 9:41 AM
>
> Essan Soobraty wrote:
>
> >The way I handle the media is:
> >(1) Fade Jim Rogers when he mutters anything on CNBC
> >(2) Never read the WSJ unless its 2 days old.
>
> It never ceases to amaze me how destructive an influence the tug of
> the media upon the psyche can be. The best answer for me has been to not
> read or watch them at all. The cost of the "advice" and distraction from
> a technical plan was far greater than the cost of the subscriptions.
>
> Not long after I started trading, a salesman called and tried to
> get me to subscribe to WSJ. I made the mistake of telling him I was a
> relatively new trader. He suddenly switched to a hushed, conspiratorial
> tone, confided that he used to work "On Wallstreet", and, as if inviting
> me to join an elite inner circle, he shared his most precious secret.
> The secret he shared with me was this:
>
> "Reading the WSJ before open is the single most vital part of a
> successful trading strategy."
>
> My response to him, in equally hushed tones reflecting suitable awe
> was "And now you're a paperboy?". <g>
>
>
> Darrin Vernier
>
>
>
> ______________________________________________________
> Get Your Private, Free Email at http://www.hotmail.com
|