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My father showed me the stuff from when I was about 10. I did not understand
what a stock is and why it moves until I was about 18. Then I started trading
my own money in stocks and I multiplied my stake by 32 in 5 years from 82 to
87. I did the right things without knowing, letting profits run big time, and
throwing out laggards real quickly.
Then I realized how "smart" I was, and I from then on I made no net money for
the next 8 years, even going bankrupt in the process. I had to relearn
everything and come to realize things consciously until now I finally do about
the same I was doing before, but with a better understanding and a few more
tricks and twists.
Now my son is 11. He knows what a bar chart is, and where to find the stocks in
the paper. He knows what a company is, so I'll give him a small trading account
with a few stocks in it: We'll see, I am quite curious about the process: He
can't do worse then I did while I thought I was great...
Gwenn
PS: I'll be the broker though: No direct internet access...
| -----Ursprungliche Nachricht-----
| Von: THOMAS BECK [SMTP:thombek@xxxxxxx]
| Gesendet am: Thursday, July 08, 1999 12:02 AM
| An: Realtraders
| Betreff: GEN:Trading Team
|
| Hello Rt's
|
| A STORY...
|
| 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.
|
| 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...arrr
gh!!!
| 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.
|
| THE TWO THOUGHTS COME TOGETHER
|
| 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.
|
| 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.
|
| THE ULTIMATE TEAM...PERHAPS?
|
| 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...
|
|
| Just a random thought I had. Hope it sparks some response.
|
| 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.
|
| Has anyone put together such a team?
| << Datei: ATT00003.html >> From ???@??? Thu Jul 08 06:36:52 1999
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Message-ID: <37845F15.B4662604@xxxxxxxxxxxxx>
Date: Thu, 08 Jul 1999 01:19:34 -0700
From: "Norman E. Phair" <ericrogers@xxxxxxxxxxxxx>
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To: JER3CUBE@xxxxxxx
CC: realtraders@xxxxxxxxxxxx
Subject: Re: Fwd: Trading Gen: The Duck - Astology
References: <bacb13f2.24b5742c@xxxxxxx>
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Status:
Gerry;
You may be right. Norman lives in Naples FL., and
Naples is very close to the water if not on the water
in some parts. Naples is kind of like the Beverly
Hills of CA. My parents lived in Ft. Myers Beach which
is close to Naples.
The other Norman of CA
JER3CUBE@xxxxxxx wrote:
>
> In a message dated 7/7/99 11:23:58 PM Eastern Daylight Time, JER3CUBE writes:
>
> << Subj: Re: Trading Gen: The Duck - Astology
> Date: 7/7/99 11:23:58 PM Eastern Daylight Time
> From: JER3CUBE
> To: nwinski@xxxxxxxxxxxxxxx
>
> In a message dated 7/7/99 3:55:10 PM Eastern Daylight Time,
> nwinski@xxxxxxxxxxxxxxx writes:
>
> <<
> > Fact #1: Norman makes money trading.
> > Fact #2 Norman uses astrology to trade.
> >
> > One might argue what conclusions may be be drawn from these facts.
> >
> > One conclusion that CANNOT be drawn though, is that astrolgy is flawed
> as a
> > way to trade profitably. As well, one CANNOT argue that astology is
> totally
> > invalid, and at the same time accept Norman uses it to trade profitably.
> >>
> THE CONCLUSION IS PERFECTLY OBVIOUS;
> FACT #3....NORMAN MUST BE A DUCK! <G>
>
> Love you Norman,
> Gerry >>
>
> -------------------------------------------------------
>
> Subject: Re: Trading Gen: The Duck - Astology
> Date: Wed, 7 Jul 1999 23:23:58 EDT
> From: JER3CUBE@xxxxxxx
> To: nwinski@xxxxxxxxxxxxxxx
>
> In a message dated 7/7/99 3:55:10 PM Eastern Daylight Time,
> nwinski@xxxxxxxxxxxxxxx writes:
>
> <<
> > Fact #1: Norman makes money trading.
> > Fact #2 Norman uses astrology to trade.
> >
> > One might argue what conclusions may be be drawn from these facts.
> >
> > One conclusion that CANNOT be drawn though, is that astrolgy is flawed as
> a
> > way to trade profitably. As well, one CANNOT argue that astology is totally
> > invalid, and at the same time accept Norman uses it to trade profitably.
> >>
> THE CONCLUSION IS PERFECTLY OBVIOUS;
> FACT #3....NORMAN MUST BE A DUCK! <G>
>
> Love you Norman,
> Gerry
|