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preach on my bother............(i do agree with you)
gary
hawaii
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> From: Michael <comdytrd@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: FUT:Today's Bond Trade
> Date: Thursday, July 30, 1998 11:50 PM
>
> Options - By Paul Forchione for July 31, 1998
> FNet Mentor http://www.futures.net/trading/full-bio-paul.html
>
> Do you know the best kept secret in the trading
> community? It's that THERE IS NO secret. Believing
> there are people who can regularly "outsmart" the market
> is a lie that reaches into every corner. Everyone's entitled
> to their guesses and opinions about what the markets are
> going to do, but these prognostications should be
> accepted for what they are -- guesses and opinions.
> Experienced traders operate under the premise that there
> is no substitute for risk control and money management.
> These are big subjects and indispensable elements of a
> well constructed trading plan. But that's like telling
> someone the key to health and longevity is eating a
> balanced diet and exercising. It's not "sexy" and it's
> obvious, so no one wants to hear it. Instead, everyone
> wants an esoteric explanation, a secret that "strikes their
> fancy" and that's known only by a select few. There's no
> changing human nature, but as traders we should strive to
> implement a trading plan with components that serve us
> well as opposed to searching for secrets that don't exist.
>
>
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