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I was in Vegas for the first time in November. I had about $30.00 worth of
quarters to put in the slots. After $11.00 I quit. I had no charts, no
MACD or trend... no way of improving the odds. Call it what you will. I
just need to have a little more control over my money than a slot machine
handle.
The markets are a calculated gamble, but I'm no gambler!
By the way, the women I play poker with know I usually win, but they don't
know why. It's because I fold immediately if I haven't been dealt a good
hand. It all comes back to playing defense with your money first before
playing offense.
Linda
Swope's Mountain Photography
http://www.swopephoto.com
linda@xxxxxxxxxxxxxx
Climb the mountains & get their glad tidings: Peace will flow into you as
sunshine into flower; the winds will blow their freshness into you & storms
their energy, & cares will drop off you like autumn leaves. John Muir 1838 -
1914
----- Original Message -----
From: Bob Heisler <bheisler@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: 'REAL TRADERS' <realtraders@xxxxxxxxxxxxxxx>; Richard Chehovin (E-mail)
<rchehovin@xxxxxxxxxxxxxxx>
Sent: Monday, February 07, 2000 11:36 AM
Subject: [RT] Re: FUTR: Head games.
> Trading is NOT gambling. There's my vote.
>
> Bob
>
>
> -----Original Message-----
> From: Paul Weston <paulweston@xxxxxxxxxxxxxx>
> To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
> Cc: 'REAL TRADERS' <realtraders@xxxxxxxxxxxxxxx>; Richard Chehovin
(E-mail)
> <rchehovin@xxxxxxxxxxxxxxx>
> Date: Monday, February 07, 2000 12:20 PM
> Subject: [RT] RE: RE: Re: FUTR: Head games.
>
>
> >Life is a gamble and if you don't believe so, you are in for a rude
> >awakening.
> >
> >Every time you go to the store, you are gambling that you will make it
back
> >alive.
> >
> >The only thing we can do in life is to try to stack the odds in our
favor.
> >That's what professional gamblers do. The more successful ones are
better
> >at it.
> >
> >Webster's defines gambling as "to take a risk in order to gain some
> >advantange".
> >
> >If somehow you have managed to eliminate all risk in trading, that is
> great.
> >Otherwise, your are gambling.
> >
> >Let's have a poll. Who on this list is not a gambler (i.e. a risk
taker)?
> >
> >Regards,
> >Paul
> >
> >-----Original Message-----
> >From: ist@xxxxxx [mailto:ist@xxxxxx]
> >Sent: Monday, February 07, 2000 11:56 AM
> >To: paulweston@xxxxxxxxxxxxxx
> >Subject: Re: [RT] RE: Re: FUTR: Head games.
> >
> >
> >I feel sorry for you if you are gambling. Trading is a business and if
> >treated
> >as such can be very profitable. If you are gambling or feel that you
are,
> >then
> >like most gamblers, you will end up a loser. Being profitable in the
> >interim,
> >doesn't mean that the ultimate fate will not befall you. the
professional
> >"gambler" doesn't feel that he is gambling. It is his business and he
> >treats
> >it as such. He knows the odds, probabilities and the other facts of the
> >game he
> >is playing. The professional in any endeavor doesn't believe that he is
> >gambling. From what I have heard the biggest gambles are the restaurant
or
> >contracting businesses. Good luck and put a buck on the beans for me.
Ira.
> >
> >Paul Weston wrote:
> >
> >> I went thru some of this myself and basically I focus on 2 things:
> >>
> >> 1) I perform a service. If it were not for speculators such as myself,
> >the
> >> markets would lose liquidity and would not work nearly as well.
> >>
> >> 2) Nobody comes into this game without the knowledge they are a
gambler,
> >and
> >> part of gambling is to risk losing money. In fact, my job is to take
> your
> >> money. Plan and simple.
> >>
> >> If you don't feel good about the realities of trading, I would suggest
> >> looking at another profession. There are plenty to choose from.
> >>
> >> Regards,
> >> Paul
> >>
> >> -----Original Message-----
> >> From: listmanager@xxxxxxxxxxxxxxx
[mailto:listmanager@xxxxxxxxxxxxxxx]
> >On
> >> Behalf Of comdytrd
> >> Sent: Sunday, February 06, 2000 6:55 PM
> >> To: realtraders@xxxxxxxxxxxxxxx
> >> Subject: [RT] Re: FUTR: Head games.
> >>
> >> Howdy,
> >>
> >> I've been working on my head lately... Trying to figure out why I even
> >care
> >> whose money I take on those successful occasions. (They never seem to
> >feel
> >> guilty when they take mine do they?) So why do I feel hesitance and
> guilt
> >> and how shall I overcome same? Keep it simple please.
> >>
> >> Also I seem to trade best after a loss that makes me mad. If not, I'm
> >much
> >> less focused and slower to act.. It's when I must recover a loss that
> I'm
> >> at my best...Is there a technique short of drugs to achieve the focus/
> >> intensity that being mad seems to produce?
> >>
> >> I have begun to counter my perfectionism by remembering to "take the
meat
> >> out" of a trade and leave the crumbs to others... this seems to prevent
> >> those frequent gut wrenching/market reversal events.
> >>
> >> Much obliged for any input.
> >>
> >> Michael
> >
> >
> >
>
>
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