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Thankyou, Alex. You expressed one of the purposes of RT very well.
Bob Roeske,
anarhcist moderator
----- Original Message -----
From: Alexander Levitin <alevitin@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, December 30, 1999 12:33 AM
Subject: [RT] Open letter to Dr. John Cappello
> Dear John,
>
> I would like to understand the benefits of your posting that predicts
> parameters for the tomorrow trading. The reason I write that letter
> "public" is that I am addressing the purpose of our forum "Real Traders"
> and would like to learn the opinion of others.
>
> In my understanding our forum should make the life of the real trader (one
> who is trying to make money trading) easier and better. Easier by
informing
> us about trading related issues that other wise would require more time
for
> research. And better by sharing experiences, understanding of trading
> methodology and discussing trading "theories". That may draw our attention
> to the new research field and inspire us to proceed with it. Another very
> important "function" is that our forum could offer "moral support" to the
> trader in need, be it being on the wrong side of the market or keeping
> someone from stepping into it.
>
> Back to the posting what SPX may do tomorrow. Let suppose that your
> prediction are accurate 100% (just for the discussion). So what I suppose
> to do?
>
> 1. To follow your signals and make money. That would be very noble of you.
> But I could not do it. Not knowing how you obtained your projection I can
> not incorporate them into my trading. So it would be more appropriate to
> post your projections on your web site. Then those of us (who are more
> advanced then I am) could follow the prediction without understanding what
> they are based on.
>
> 2. You are showing to the world that "holy grail" exist and I should not
> loose the hope to find it too. Looking at your predictions I should get
> inspired to continue my own research until I would find the methodology
> that is almost as good as yours. That is too very noble of you. But even
in
> this case, it may be sufficient to post projections on your web site and
> just inform us (let say monthly or quarterly) how accurate are your
> projections.
>
> The reason I recommend to keep that list "free" of the daily projection is
> my understanding (or misunderstanding) for the purpose of this list. Could
> you imagine that I will post my projection of tomorrow market actions (and
> belive me I do have a few of those)? What would happened if everyone would
> post his (her) opinion on this list? Is that we would like our Real
Traders
> forum to be?
>
> My best wishes to you in your life, trading and research.
>
> Very truly yours,
>
> Alex.
>
>
>
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