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</x-html>From ???@??? Wed Jul 07 19:53:46 1999
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Posted-Date: Wed, 7 Jul 1999 17:14:17 -0700 (PDT)
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From: "THOMAS BECK" <thombek@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Subject: GEN:Trading Team?
Date: Wed, 7 Jul 1999 16:46:37 -0700
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<DIV><FONT face=Arial size=2>
<DIV><FONT size=2></FONT><FONT face=Arial size=2>Hello Rt's</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>A STORY...</FONT></DIV>
<DIV><FONT face=Arial size=2> </FONT></DIV>
<DIV><FONT face=Arial size=2> Forth of July barbeque , I'm
sitting on the deck engaged in casual conversation. The subject of Trading comes
up. As the conversation develops and goes through methods and techniques of
tradeing, I'm asked if and when I find my Holy Grail method will I teach it to
my sons. Of course...but not yet was my almost reflexive reply. My oldest son is
8 years old and the thought of handing over my account to an 8 year old was of
course funny...the comment was of course meant to be funny. However the thought
stuck with me for a few days. </FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial> A<FONT size=2> month earlier my
account had dropped suddenly, the victim of news on a particular stock I held. A
$10,000 loss in a matter of minutes...arrrgh!!! That ticklish tummy feeling you
get in a quickly desending elevator times a quadrillion. My mind raced about
what the loss meant and I regreted not haveing sold on open. $10,000 is two jet
skis, a small ski boat, Five big screen TV's, twice the value of my current car,
XX days work, XX months of mortgage etc......I'm sure some of you are familiar
with this experience. Luckily the stock recovered later in the week but the
feeling remained. I hadn't seen just numbers, I saw what those numbers meant to
me. Anyone who's drawn a salary or an hourly wage couldn't help but to do the
same, have the same reaction.</FONT></FONT></DIV>
<DIV><FONT face=Arial><FONT size=2></FONT></FONT> </DIV>
<DIV><FONT face=Arial><FONT size=2><FONT size=2>T</FONT>HE TWO THOUGHTS COME
TOGETHER</FONT></FONT></DIV>
<DIV><FONT face=Arial><FONT size=2></FONT></FONT> </DIV>
<DIV><FONT face=Arial><FONT size=2> As I sat a watched
my son play "Star Fox" (a video game), I wondered if he could play my
game "Stock Market" (also a video game) and do as well. His quick
reflexes and tolerance for mundane repetion, pattern recognition and attention
to detail learned from playing video games would be an advantage. At 8 his IQ is
already greater than mine (proud parent bragging). His inexperience though, I
thought, would actually be his greatest advantage. He could "pull the
trigger" and follow a preset tradeing methodology without second guessing,
hesitation, fear or greed. The numbers that have meaning to me would just be
numbers to him.</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial><FONT size=2> Reading through
the past posts to RealTraders I get the impression that methodology is less
important to successful trading than confidence in one's methodology,
consistency of that methods application and the methodologys timely excecution.
The method could be based on market news, interest rates, momentum, relative
strength, earnings per share...phases of the moon or rubber ducks as long as
it's executed with confidence and consistency in a timely
manner.</FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial>THE ULTIMATE TEAM...PERHAPS?</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial> Perhaps confident skill and
experience are difficult to put into one person. Those that have both, become
master traders. For the rest of us perhaps there would be value in, after having
found a methodology we can hang our hats on, turning over an account to an 8yr
old who could execute the plan without emotion. Just kidding...sort
of...</FONT></DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Just a random thought I had. Hope it sparks some
response.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>I am by no means a master trader and I don't
pretend to any particular skill or knowlege. I'm a rank amateur at this game
trying to get better. I am however starting to get a feel for the psychology of
trading problems that more experience players have tried to express here on real
traders.</FONT></DIV>
<DIV> </DIV>Has anyone put together such a
team?</FONT></DIV></FONT></DIV></BODY></HTML>
</x-html>From ???@??? Wed Jul 07 19:53:51 1999
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Date: Wed, 07 Jul 1999 19:46:44 -0400
From: William DuBroff <mcsquare@xxxxxxxxxxxxx>
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To: THOMAS BECK <thombek@xxxxxxx>
CC: Realtraders <realtraders@xxxxxxxxxxxx>
Subject: Re: GEN:Trading Team
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Yes, I put together a team of myself and my wife after I figured out that
I had acceptable analytical skills, but lacked the psychological make up
for following signals to the letter. My wife, however, had no problem
acting without thinking. Putting the two together worked out fine.
Now I tell her what to do and she does it. POWER ;-)
<p>THOMAS BECK wrote:
<blockquote TYPE=CITE><style></style>
<font face="Arial"><font size=-1>Hello
Rt's</font></font> <font face="Arial"><font size=-1>A STORY...</font></font> <font face="Arial"><font size=-1>
Forth of July barbeque , I'm sitting on the deck engaged in casual conversation.
The subject of Trading comes up. As the conversation develops and goes
through methods and techniques of tradeing, I'm asked if and when I find
my Holy Grail method will I teach it to my sons. Of course...but not yet
was my almost reflexive reply. My oldest son is 8 years old and the thought
of handing over my account to an 8 year old was of course funny...the comment
was of course meant to be funny. However the thought stuck with me for
a few days.</font></font> <font face="Arial"><font size=-1>
A month earlier my account had dropped suddenly, the victim of news on
a particular stock I held. A $10,000 loss in a matter of minutes...arrrgh!!!
That ticklish tummy feeling you get in a quickly desending elevator times
a quadrillion. My mind raced about what the loss meant and I regreted not
haveing sold on open. $10,000 is two jet skis, a small ski boat, Five big
screen TV's, twice the value of my current car, XX days work, XX months
of mortgage etc......I'm sure some of you are familiar with this experience.
Luckily the stock recovered later in the week but the feeling remained.
I hadn't seen just numbers, I saw what those numbers meant to me. Anyone
who's drawn a salary or an hourly wage couldn't help but to do the same,
have the same reaction.</font></font> <font face="Arial"><font size=-1>THE
TWO THOUGHTS COME TOGETHER</font></font> <font face="Arial"><font size=-1>
As I sat a watched my son play "Star Fox" (a video game), I wondered if
he could play my game "Stock Market" (also a video game) and do as well.
His quick reflexes and tolerance for mundane repetion, pattern recognition
and attention to detail learned from playing video games would be an advantage.
At 8 his IQ is already greater than mine (proud parent bragging). His inexperience
though, I thought, would actually be his greatest advantage. He could "pull
the trigger" and follow a preset tradeing methodology without second guessing,
hesitation, fear or greed. The numbers that have meaning to me would just
be numbers to him.</font></font> <font face="Arial"><font size=-1>
Reading through the past posts to RealTraders I get the impression that
methodology is less important to successful trading than confidence in
one's methodology, consistency of that methods application and the methodologys
timely excecution. The method could be based on market news, interest rates,
momentum, relative strength, earnings per share...phases of the moon or
rubber ducks as long as it's executed with confidence and consistency in
a timely manner.</font></font> <font face="Arial"><font size=-1>THE
ULTIMATE TEAM...PERHAPS?</font></font> <font face="Arial"><font size=-1>
Perhaps confident skill and experience are difficult to put into one person.
Those that have both, become master traders. For the rest of us perhaps
there would be value in, after having found a methodology we can hang our
hats on, turning over an account to an 8yr old who could execute the plan
without emotion. Just kidding...sort of...</font></font> <font face="Arial"><font size=-1>Just
a random thought I had. Hope it sparks some response.</font></font> <font face="Arial"><font size=-1>I
am by no means a master trader and I don't pretend to any particular skill
or knowlege. I'm a rank amateur at this game trying to get better. I am
however starting to get a feel for the psychology of trading problems that
more experience players have tried to express here on real traders.</font></font> <font face="Arial"><font size=-1>Has
anyone put together such a team?</font></font></blockquote>
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</x-html>From ???@??? Wed Jul 07 19:53:56 1999
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Date: Wed, 7 Jul 1999 20:30:09 EDT
Subject: Re: GEN: DUCKS, ASTROLOGY, ETC......
To: chmeyer@xxxxxxxx, nwinski@xxxxxxxxxxxxxxx
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Charles & Norm - My Grandfather had an identical twin brother and they died 5
days apart at the age of 75...... Hmmm!!! - Lenny
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