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<DIV><FONT color=#000000 size=2>That seems so common. The guy can put
together a system but will second guess it (emotionalism). The woman is
able to remain much more calm. Perhaps that's because guys invest so much
in how much money they make or lose, while to women (in general) it's not AS
serious an issue personally (not looking to start a side discussion -- notice I
said generally and AS serious). Bloomberg magazine even did a study or at
least reported on one in which women were shown to be better investors becuase
they were less impulsive. Craving action is another frequently -- but not
always -- male downfall when it comes to trading.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Gordon</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>William DuBroff <<A
href="mailto:mcsquare@xxxxxxxxxxxxx";>mcsquare@xxxxxxxxxxxxx</A>><BR><B>To:
</B>THOMAS BECK <<A
href="mailto:thombek@xxxxxxx";>thombek@xxxxxxx</A>><BR><B>Cc:
</B>Realtraders <<A
href="mailto:realtraders@xxxxxxxxxxxx";>realtraders@xxxxxxxxxxxx</A>><BR><B>Date:
</B>Wednesday, July 07, 1999 8:02 PM<BR><B>Subject: </B>Re: GEN:Trading
Team<BR><BR></DIV></FONT>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></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Wed Jul 07 21:11:11 1999
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Message-ID: <f406c435.24b56fce@xxxxxxx>
Date: Wed, 7 Jul 1999 23:06:54 EDT
Subject: Re: Coin Tossing
To: gramario@xxxxxx, realtraders@xxxxxxxxxxxx
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Your original premise thyat you can make money flipping a coin is flawed. In
fact after slippage and costs the opposite is true. So you cannot argue a
point based on a premise that is erroneous.
In a message dated 99-07-07 13:10:51 EDT, gramario@xxxxxx writes:
<<
>Theoretically we might say:
>1/. Charlie makes money trading.
>2/. Charlie tosses a coin and goes long when it is heads, and short when it
>is tails.
>
> Is it true then that: one CANNOT draw the conclusion that coin tossing is
>flawed as a way to trade profitably?
>And further, is it also true that one CANNOT argue that coin tossing is
>totally invalid, and at the same time accept that Charlie uses it to trade
>profitably? >>
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