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Comments please on the following issues relating to $50K to $6Million
in six (6) years:
1) What if he had started in January, 1966?
2) Just because he did it; does it mean other traders can duplicate his
success?
3) In order to do this, wouldn't the trader also have to share his
beliefs, attitudes
and degree of comfort trading individual stocks? If any one of these
facets are
missing, the trader will not be successful?
4) How much drawdown did he incur.....sounds like none.
This post makes me feel silly!!! And, I know it is probably true. This
dovetails
with a post that went largely unnoticed which described the philosphy and
exploits of Ted Warren.
Charles.
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> From: Robert Kodama <stocktrader@xxxxxxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: (the Reason(s) for MY Success.......) by Bob Kodama
> Date: Wednesday, July 22, 1998 5:50 AM
>
> To list and realtraders:
>
> >the single most influential book(s)
>
> darvas: wall st the other las vagas
>
> Disciplined Trader : Developing Winning Attitudes - Mark Douglas
>
> how to trade stocks by jesse L. Livermore
>
> reminiscences of a stock operator by edwin lefevre
>
> The Elements of Successful Trading Robert Rotella
>
> market wizards, j. schwager
>
> I have read at least 70% or more of the main stock books, they all
> have good points. I re-read my favorites at least once a year.
>
> I always find myself saying: now I know what he means.
>
> If you want to learn how to trade, trade.
> Understand what you are doing right, and understand what you are doing
> wrong.
> If you are doing it wrong ask someone how to do it right.
>
> >most influencial person
>
> My friend Wai W. (featured in Investors Business Daily,
> IBD August 7, 1996 page A8)
>
> Went from less than $50,000 in 1991 to $6,000,000 in 1997 trading tech
> stocks.
>
> Proved that an amateur, retail, kitchen table/bedroom office stock
> trader can make big money trading from home.
>
> Answered any questions I had, show me any resources/tools he used to
> trade.
>
> No strings attached.
>
> Showed me that there are NO SECRETS, you do not need expensive seminars,
> complicated indicators, expensive systems, etc to making big money
> trading stocks.
>
> Showed me that it is not the charting program you use, data provider you
> use, etc
> that are important, but how you understand and think.
>
> All the information you need is free from the library, on the internet,
> and
> you can subscriber to free electronic trade publications (electronic
> news,
> electronic buyers guide, ee times).
>
> Showed me if you read, analyze, understand and have confidence in your
> judgement where a company or technology is going, you can take a big
> position,
> wait, and make big money.
>
> Showed me that you only needed one or two big positions to make big
> money.
>
> example: 70,000 shares vtss bot at under $10 sold at about $34
> reason: GaAs had features that silicon chips did not have.
>
> Showed me that you can take a long term position or day trade
> and make good money.
>
> Anyway.
>
> My feeling after a bad trade (from diehard 2, sound bite of bruce
> willis):
>
> http://www.geocities.com/Hollywood/Set/6406/twice.wav
>
> Good trading.
>
> Bob
>
>
>
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
>>>>>
> Subject:
> the Reason(s) for MY Success.......
> Date:
> Tue, 21 Jul 1998 18:30:20 GMT
> From:
> traderguy@xxxxxxx (JMB)
> To:
> omega-list@xxxxxxxxxx
>
>
> the Reason(s) for MY Success....... Is meant to be a thread to
> start a legitimate dialog on "Successful Trading"
>
> The road to successful day-trading or EOD trading is a long and windy
> road, one full of bumps, ruts & curves! So, it is obviously not
> that easy to give someone the recipe for success, simply because it is
> different for all.
>
>
> SO, here is the question for those that wish to participate:
> --------------------------------------------------------------------
> For those who have successfully traded for a year or more, what was
> the single most influential book, author, course, seminar, tutor, etc.
> that led to your becoming successful / profitable?
>
>
> >please post ALL replys to the Omega List for ALL to see, Thanks!
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