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Thanks for your posts which I thoroughly enjoy.
Nevertheless, like Norman, I am curious to find out why you believe your systems are
better and time consistent. All systems work some of the time, and during those times
their traders are seen as heroes. But very few actually HAVE a consistent edge. This is
the really interesting part. Cutting losses short is not an edge per se, it is a
prerequisite for ANY system. You still need a valid concept that produces either more or
bigger winners consistently. Then only can you dare jumping on the trapeze without
further thinking, but for a bright future.
Your wandering monkey (excellent analogy)
:-)
Gwenn
felixty@xxxxxxxxxxx wrote:
> also....since am just showing that my cousin is that monkey!! haha and yes.we must
> respect the right of other monkeys in the island some would want to eat the soiled
> fruit (as it is fine with them) as they have been doing it for years and
> years..other monkeys are afraid to go near the beach or water....whatever their
> reasons.its their choice....but..also..there are monkeys who do see and observe and
> be willing to try it out or do it....especially they have seen how nice or good the
> result was....yes..some of the daring monkes didn't notice there might be crocodiles
> also along the beach...haha
>
> felixty@xxxxxxxxxxx wrote:
>
> > Norman,
> > In my heart....i sincerely believe there are many methods to make money in the
> > market....have seen a few but we have to find ones that fit our trading
> > personality.....am more on the school of that each person should find his own
> > holy grail...that many many people can do it..it just takes lots of persistence
> > and guts...and of course being rational all the time!Actually myself a not
> > really interested to know their very specific methods..(because i really believe
> > my own work is profitable and am/will only teach to my descendants...yes..they
> > are worth the trouble..haha).but am sure its more of guts/posting of how many
> > buyers/sellers,w/c broker is buying and selling etc.......time of the day to buy
> > or sell..watching other markets also..volume for the day so far..etc day of the
> > week i buy day i sell (weekly cycle i use myself)...the whole gamut! maybe we
> > have also to lok into their daily routianry ritual of sitting
> > position..etc...also..even if we know all these specific...it has to fit us like
> > a glove to work! Frankly...i believe one should be making meony everyday..or we
> > be wasting too much time in our short lives...if your current system/methodology
> > is not doing it everyday or giving signals....or not lining up everyday
> > definitely..lots and lots of opportunities wssted and money down the drain...at
> > least that what i see..or maybe most people's lifestyle don't want to work hard
> > and bring home the bacon everyday...i just want to express,expose,share that it
> > is possible....like we tell people that a 4 minute mile is possible when it was
> > still a theoritical impossibility years ago.....since then..when someone already
> > did it..and it has spread to the pyche of the masses..breaking that 4 minute
> > mile is easy......we just have to show the world that it is possible....
> >
> > there's this storyof monkeys in an island in Japan..where they eat fruits fallen
> > from trees..one day one monkey discovered that he can bring the soiled fruit to
> > the beach and wash it.......soon..the rest of the moneys in the island saw and
> > learned also...eventually...but..the funny thing is..other monkeys in the other
> > islands (miles away) somehow got to learn also that technique...so there
> > is/might be a collective consciousness that we can all tap in...just as long as
> > we all believe that it is possible....
> >
> > nwinski wrote:
> >
> > > Hi,
> > > Reading your posts reminds me of helping my seven year old son with his
> > > homework which is often marked by the the teacher, "please use complete
> > > sentences". Try it, you may like it.
> > >
> > > Also, other than teaching to cut losses quickly, which you have made very
> > > clear, what do you hope to teach by posting how much or how many days your
> > > traders made or lost money? How does that help my trading? I think it would
> > > be more interesting to discuss the various techiques these traders use and
> > > whether they are successful or not using their perferred techniques.
> > >
> > > Best Wishes,
> > >
> > > Norman
> > >
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