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I've read an awful lot over the years about trading, even underlined and
highlighted really good advice. I've still made most of the mistakes (often
more than once), however the reading has helped me to do a better job in the
post-mortem. I truly believe that few will succeed as professional traders
without a bankroll big enough to a) work with little/no compensation for
several years while doing live trading in small size, b) bankroll the losses
during the learning period, and c) once through the learning period bankroll
an account large enough to trade without maximum leverage or taking big
percentage hits on the losers.
Earl
-----Original Message-----
From: Tom Stein
To: RealTraders Discussion Group
Date: Sunday, January 24, 1999 11:00 AM
Subject: Re: Trading GEN: The "Downs Doctrine" 11 part matrix for a Trader's
probability of Success
>Ira wrote...."That is what education is all about"
>
>Walt wrote...."We all make mistakes. Question is, do we learn from
>them? :)"
>
>Yes....Yes....
>
>My question is........ In regards to trading, does one have to
>experience the most valuable of lessons or can one read about them?
>Can you learn the lesson without first experiencing?
>
>
>Funny....I just received Eddie Toppel's free e-mail update..........
>http://www.samuraitrader.com
>
>In it he says....."The problem with learning from your mistakes is
>that you get the experience first and the lesson afterwards."
>
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>
>Tom Stein
>comfut@xxxxxxx
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