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HI Ya All,
Last nite I had the opportunity to spend some time with a good friend
who came down from RTC to visit for the evening. He works for IBM and is
one of their top developers.
He explained the real price of cracked software. The cost is actually
unknown.
It doesn't stop at the money you give the person who sells it to you.
Typically this software is written to get around code that the developer
wrote
to get around a hardware device.
The result is that your mouse, cpu, printer or in some cases even monitor
will behave in a undesirable manner. The person who did the cracking
typically
wrote the code to handle his hardware configuration not yours and he had no
idea as to how compatible or uncompatible it would be with a new operating
system of hardware device.
Take care
Mitch
Caveat Emptor
Mitch Ryder
Ynos@xxxxxxxxxxxx owner-realtraders@xxxxxxxxxxxxxx wrote:
>
>
>
>
>
> ---Chris Jackson <chrisj@xxxxxxxxxx> wrote:
> >
> > > Subject: 10 Important Truths
> > > Date: Sat, 27 Jun 1998 16:13:43 -0700
> > > From: Jim Allen <jallen7@xxxxxxxxxxxxx>
> > > Organization: EarthLink Network, Inc.
> > > Newsgroups: misc.invest.futures
> > >
> > > I have been playing the trading game off and on for more than 30
> years.
> > > I now
> > > trade for a wealthy family whose investments I manage. I have SC,
> TS,
> > > Adv. GET,
> > > real time data and a whole bunch of other stuff, memberships in
> secret
> > > societies,
> > > overnight faxed newsletters, lots of books, software, probably
> having
> > > spent close
> > > to $50,000.00. Our stock and futures trading commitment is
> considerably
> > > more than
> > > $2 million.
> > >
> > > If I were in your position, but knowing what I now know, I would use
> > > whatever you
> > > have now and study, study, study charts, read every book on
> trading you
> > > can get
> > > your hands on, and work through the ideas you encounter and
> establish
> > > for yourself
> > > what works and what doesn't. I don't care much for Elliot wave
> and such
> > > stuff
> > > myself, but that's beside the point. SuperCharts and end of day
> data is
> > > fine to
> > > start with.(Sure as hell alot better than what was available in the
> > > '60's!)
> > >
> > > By all means, after papertrading to shake out all the bugs, try
> trading
> > > grains on MidAm
> > > with small capital until you learn enough to succeed. Have
> patience.
> > > Build your
> > > capital up by frugality, and cautious investment.
> > >
> > > Advance GET is wonderful. It will put the little wave counts and a
> > > whole lot more
> > > on the screen with one mouse click. Learn to count the waves
> yourself,
> > > then if
> > > that works for you, and you get to where Adv. GET makes sense,
> you'll
> > > know
> > > when it's leading you down the path to ruin. Get to be an expert on
> > > what you
> > > are doing.
> > >
> > > You lack two things right now that are absolutely critical to
> trading
> > > success.
> > > The confidence that comes from experience, knowing what works for
> you,
> > > and
> > > capital. Going into the CBOT or Merc with that small of a stake
> turns
> > > trading
> > > into crapshooting, frankly, because now, you can't afford a
> mistake, at
> > > the very
> > > time when you are most likely to be making them! You can't win if
> you
> > > can't
> > > play! If I make a $50,000 mistake (and I have lost $50,000 in one
> day,
> > > several
> > > times!), it makes me feel really awful, but doesn't put me out of
> the
> > > game, or
> > > even close.
> > >
> > > Above all else, waste no time or money on these system
> > > vendors/newsletter gurus.
> > > I don't know of any of them who are wealthy, or even successful,
> from
> > > the insight
> > > they are so eager to sell you. Few of them trade, and as far as I
> can
> > > tell, none
> > > trade successfully. Before you believe you've found The Guru,
> > > rigorously verify
> > > his claims with proof of live trading. For the most part, they are
> > > selling maps
> > > to the gold at the end of the rainbow to people who yearn for wealth
> > > without
> > > working, who hope (I can't imagine that they believe it) that they
> can
> > > write a
> > > check for a few thousand or so, plug in a computer, do what it says
> > > there on the
> > > screen and in a year or two be rich beyond their wildest dreams.
> If you
> > > read
> > > Market Wizards I and II, you'll notice that none of the traders said
> > > their
> > > success came from mailing a check to a vendor and following the
> > > instructions!
> > >
> > > In order to profit, you have to take money away from people who are
> > > doing
> > > this for a living, who have gotten the privilege of trading for a
> living
> > > the same
> > > way a football player or pro golfer gets to make millions playing
> a game
> > > that many would play for free...by being the best at what he is
> doing!
> > >
> > > At the end of however long it takes, you will find the truth of
> this:
> > >
> > > 1. Buy low.
> > > 2. Sell high.
> > > 3. Take losses as quick as possible, as few as possible and as
> small as
> > > possible.
> > > 4. Let your good trades run, but don't let a winner turn into a
> loser.
>
> > > 5. Nobody predicts the future.
>
> > > 6. Keep your risk small in relation to your capital, a few percent
> > > tops!
> > > 7. It shoooooooooo is fast!
>
>
> > > 8. The winner is the first guy to realize what's going to happen
> next.
>
>
> NUMBER 8) CONTRADICTS NUMBER 5) ABOVE.....
>
>
>
> > > 9. Find a broker you trust, and pay him reasonably. The cheapest
> oats
> > > have almost always already been run through the horse.
> > > 10. Don't do nothin' stupid!
> > >
> > > Good luck!
> > >
> > > Jim Allen
> > >
> > > cyfertrader@xxxxxxxxxxx wrote:
> > >
> > > > A question....
> > > >
> > > > I have been studying futures for a little over a year...bought
> some
> > > > books....use SC4...I have $3K to start out in futures... Here is
> the
> > > question.
> > >
> > > >> SNIP<<
> >
> >
>
> _________________________________________________________
> DO YOU YAHOO!?
> Get your free @yahoo.com address at http://mail.yahoo.com
Mitch Ryder
Ynos@xxxxxxxxxxxx
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