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Fw: (the Reason(s) for MY Success.......) by Bob Kodama


  • To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
  • Subject: Fw: (the Reason(s) for MY Success.......) by Bob Kodama
  • From: "charles meyer" <chmeyer@xxxxxxxx>
  • Date: Wed, 22 Jul 1998 11:46:16 -0400 (EDT)

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> From: charles meyer <chmeyer@xxxxxxxx>
> To: stocktrader@xxxxxxxxxxxxxxxxx; RealTraders Discussion Group
<realtraders@xxxxxxxxxxxxxx>
> Subject: Re: (the Reason(s) for MY Success.......)  by Bob Kodama
> Date: Wednesday, July 22, 1998 10:09 AM
> 
> 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.
> 
> ----------
> > 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!