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<P>THOMAS BECK wrote:
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<FONT FACE="Arial"><FONT SIZE=-1>Hello
Rt's</FONT></FONT> <FONT FACE="Arial"><FONT SIZE=-1>A STORY...</FONT></FONT>
<BR>Thomas,
<BR> I ran a trading test with my son when he was
4 1/2. I showed him a page of futures charts from
<BR>Investors' Business Daily and ask him to choose up, down, or no opinion
for each chart. I then ran a paper trading test whereby if he said
up we bot on that close, down we sold short on that close, and no opinion
meant we stayed out. I recorded the prices and then waited about 10 days
until the next Lunation (Full Moon or New Moon - don't remember now)
when I cashed him out on the close. Anyway, I did nothing to
influence his picks. Had we done this with real money, he made about
$7,600 in 10 days. He had 62% winning trades and had a 2.41 to 1 win to
loss ratio. These are performance numbers that any futures trader would
be glad to have. I think I will try to do this again in the next year.
My son is now 7 years old and it will be interesting to see if with age
he has gotten better or worse.
<P>Paternally,
<P>Norman
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR>
<BR> <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 ???@??? Thu Jul 08 06:35:59 1999
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Date: Wed, 7 Jul 1999 23:09:41 EDT
Subject: Re: Trading Gen: The Duck - Astology
To: brente@xxxxxxxxxxxx, realtraders@xxxxxxxxxxxx
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Status:
Actually Brent, the whole CME is already a product of Alien Abduction, which
now explains you fills in the SP....
In a message dated 99-07-07 13:41:56 EDT, brente@xxxxxxxxxxxx writes:
<< Very peaceful month were having so far. Of course if you want a squabble on
this list at anytime just bring up Astrology. Personally, I use space aliens
to trade with. When their spacecraft is over Roswell it's a buy in the SP,
and when they crash there, it's a sell. They control all the planets, the
moon etc. anyway so Astrology is just part of the same thing. Around the
year 2000 they are going to beam the New York Stock Exchange up to the
mother ship along with all the believers and take them to Shangri-la. Unless
of course there is a crash in October in that case all believers are to
commit suicide at the arrival of the next comet.
Happy Trails. Note per instructions we are supposed to indicate when we are
making humor. I call this humor, you can call it spaghetti or whateve >>
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