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<DIV><FONT color=#000000 size=2>Glenn:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>If you have never met a successful trader in 10
years of trading and I am sure you have read all of the books out there, are you
telling me that you still haven't figured out what makes the difference between
a successful/unsuccessful trader? </FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Everything that you need to be a successful
trader has already been done and tested and written about. The only
difference is that successful traders execute and unsuccessful ones go to the
bookstore and look for the next idea or the next system that will change their
luck. Funny, it kind of reminds me of the gambler who goes around to all
the tables looking for the one that will make him his fortune.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>I have no doubt that there are numerous
succesful traders on this forum. To be honest, though, I don't think that
there are many successful traders who market themselves to the public, after all
what is the point??</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Best Regards</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Peter M Beckwith</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu Mar 25 10:51:23 1999
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From: "Peter M. Beckwith" <capstone@xxxxxxxxxxxxxxx>
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Subject: Re: MM & Psychology
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<DIV><FONT color=#000000 size=2>Linda:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>How about vice-versa as well? You could
have 20% winners and 80% losers but if you pyramid the 20% you could do
extremely well. Richard Dennis once said that the majority of his profits
came from just 5% of his trades.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Everybody wants to have 80% winners, but I think
that is insignificant unless you are a scalper or a SOES trader and then you
also have to overcome the increased costs of slippage and execution costs, makes
it tough to beat the vig.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Best Regards</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT color=#000000 size=2>Peter Beckwith</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Fri Mar 26 05:08:55 1999
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From: "Glenn Pederson" <gpeder@xxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: "broke"r's
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On 25 Mar 99, at 10:22, Steve Karnish wrote:
> Glen said he was in the "biz", not necessarily a trader
I thought trading was a business! At least I treat it that way. I am
strictly a full-time trader. I have never been a broker but previously
have spent many years in the engineering field, if that matters.
Glenn Pederson
gpeder@xxxxxxxxx
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