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<DIV><FONT color=#000000 size=2>I have been lurking here for quite awhile.
I have responded to a few posts, but this is my first time to initiate
conversation. During the friday trading session I noticed some wierd
trading activity starting at 10:26 central time and ending at 10:55. If
any other realtraders desire check this out on a 1 minute chart and tell me what
you think. I have been watching in realtime for about a year and have
never seen any patterns like this. Any ideas?</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>thanks</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>rob </FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sun Jan 10 18:36:37 1999
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Date: Sun, 10 Jan 1999 18:58:43 -0600
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From: "Tim and Lynn Lee" <Timothy.H.Lee-1@xxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Views on trading... what I learned in 98 for making money.
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RTs
I have been a member and occasional poster for a long time. I enjoy the
list and the viewpoints of all the members.
>From 1998 I learned or personally affirmed the following:
I believe trading is the best possible occupation in the world, and love
every minute of it, it feels truly like the hearbeat of the world to me.
I made money in 98, well above the six figure mark.
I am a local and believe that is a key element of my success.
I did not use any fancy technical indicators, instead I focused on making
thousands of trades which I believed to be slightly in my favor.
I attempted to apply money management rigorously.
I benefited by being able to spread hundreds of contracts for no margin.
I was lucky enough to talk everyday to highly successful traders. Most of
these people were by the gut traders.
I traded outside markets successfully as long as I focused on where people
put stops, it is possible to use pivot points successfully.
I traded much bigger when the market was more volatile and was moving
because of news driven events. News events are must trade opportunities.
I truly believe trading is mostly focusing on yourself, once you believe in
a conspiracy "someone is doing you wrong mentality" you are setting yourself
up to be a loser.
I honestly believe you must be able to trade more than one contract to be
successful.
I believe you are most vulnerable to losing big right after you put on the
trade.
I believe you should trade every open position from the close of the day
before.
I believe you cannot be successful until you are convinced you are trading a
sound methodology.
Most new people in trading want to discover some secret way of trading they
want to be an explorer rather than a follower of a proven path.
I believe instead of paying thousands of dollars for a "think like a trader"
school you can start by increasing personal discipline and making lists
related to trading.
Sadly, none of the true money makers I know feels like sharing much of their
knowledge with anyone. So, beware of who you are listening to, question
everything, this post included.
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