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<DIV> Hi Tom,</DIV>
<DIV> </DIV>
<DIV> Having played electronic games
with my kids and grandkids, I'm not so shure about your idea. They will
sit fascinated for hours, playing the game over & over, but when you look
closely at what they are doing it turns out they are LOSING and resetting it
over and over again. When they finally succeed and reach the tenth
level, or what ever, they totally lose interest. This is great for the
game industry, but not so good for trading.</DIV>
<DIV> </DIV>
<DIV> How about letting your son, play with
your charts, etc. He doesn't have to know the details and terminology,
just "I buy when this little squiggle line does that". When he gets the
high score and loses interest, quickly copy down what he did and use it as the
basis for a system.</DIV>
<DIV> </DIV>
<DIV>
Good luck and good
trading,</DIV>
<DIV> </DIV>
<DIV>
Ray Raffurty</DIV>
<DIV> </DIV>
<DIV> </DIV>
<DIV> </DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 2px solid; MARGIN-LEFT: 5px; MARGIN-RIGHT: 0px; PADDING-LEFT: 5px; PADDING-RIGHT: 0px">
<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
THOMAS BECK </DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:realtraders@xxxxxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxxxxx>realtraders@xxxxxxxxxxxxxxx</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Wednesday, July 07, 1999 7:46
PM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> GEN:Trading Team?</DIV>
<DIV><BR></DIV>
<DIV><FONT face=Arial size=2>
<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></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Jul 07 21:07:13 1999
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Message-ID: <e10022a5.24b56eef@xxxxxxx>
Date: Wed, 7 Jul 1999 23:03:11 EDT
Subject: Re: Trading Gen: The Duck - Astology
To: alevitin@xxxxxxxx, nwinski@xxxxxxxxxxxxxxx
CC: realtraders@xxxxxxxxxxxx
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Status:
Norman does not use what he eats or how he loves his cat to trade. Norman
says he uses astrology to make his trading decisions. Everything else is
extraneous and has no relationship to Normans abilty to forecast (although
one could argu, it might effect his ability to trade his forecasts).
In a message dated 99-07-07 11:26:43 EDT, alevitin@xxxxxxxx writes:
<<
I did not talk with Aristotle for some time, but from the fact #1 (Norman
is super successful and makes tons of money) you can not conclude that
astrology is to blame for it. Because Norman (Fact #2) also eats healthy
food, exercises regularly, love his cat (if he has one), etc. >>
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