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Marlowe,
I've heard people lose money while trying to trade with 50 ma and 200ma,
with Gann Angles, Elliot waves, retracements, etc. Just because one person on
the radio said he lost money using Astrology, doesn't mean it isn't worth
looking in to or giving it lack of credit.
I would really like to talk with that person and find out, what there
trading plan was. How did they react to changes in the market, etc. The
reasoning here is this person could have been using Astrology but didn't have
the right mind for trading.
I haven't studied Astrology, but do plan to with Norman Winski, starting
next month. Reason, I want to learn more about Gann's methods.
Alphee Lavoie wrote an article in Traders World Magazine and called the
Change in Trend for the market on the mark. A couple of months before the
magazine was printed and distributed to the masses.
Norman Winski, in August 1991, took the award of the Trader's Challenge from
S&C Magazine. Plus many other awards.
So, how can a system work for one trader but not another? This depends on
the trader, what were his factors in the trade, etc.
TradeWell,
Joe Frabosilio
Marlowe Cassetti wrote:
> My 2 cents ... About three months ago or maybe longer I was listening to
> Dr. Dean Eddell (?) the popular talk radio doctor. I was getting on my
> tuxedo, so I wasn't hanging onto his every word. Rather I was cursing those
> silly little pop in studs while I was attempting to fasten my shirt front.
> Dr. Dean was on a kick of quack medicine and how gullible the public really
> is. Then he dropped a bomb .. he stated that a recent court had ruled for
> the plaintiff in a case of someone who lost money using a financial
> institution or advisor who utilized ASTROLOGY FOR GIVING ADVICE ON
> INVESTMENTS. I stopped my struggle and turned the radio up. No more
> details from the Doc other than his remark that P. T. Barnum was right about
> a fool born every minute.
>
> I'll stand by for the blast from the astrologists.
>
> ----- Original Message -----
> From: <Proffittak@xxxxxxx>
> To: <get_traders@xxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Tuesday, January 18, 2000 12:31 PM
> Subject: Astro Trading/broker statments
>
> > In a message dated 1/18/00 2:00:18 PM Eastern Standard Time,
> > paul.turner1@xxxxxxxxxxxxxx writes:
> >
> > << Hello All
> >
> > I don't know about you, but I have herd these, "Guru" wars before, many
> > times.
> > Who cares who knows more about Gann or Astrology.
> > I am a trader, if you want to impress me, show me your statements from
> your
> > Broker.
> >
> > Paul.
> > >>
> > I do know Norman's market letter got to be ranked #3 by monitoring
> agency
> > I thing this speaks for itself
> > and please
> > enough on the subject
> > Ben
> >
> >
> >
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