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In response to to the stated perception about those who may be taking and
giving nothing back, I can only say that I don't feel I have much to
contribute to any discussion about trading. My limited experience is only
useful to those just starting out, and would only parrot what is said by
those with decades of experience in their warnings to newer traders. As is
the case with this post, anything I have to offer would only serve to take
up bandwidth.
If someone has a request for specific info, I reply privately if I feel I
can help them out. It's not my intention to be a leech - but I'm still
struggling with applying the basics of self-discipline and methodology to my
own trading. What can someone like myself offer in return to the regulars
here whose posts I print and save as a base of reference? I too am an
under-funded daytrader, and I don't manage to even come close to following
the rules I pass on to the people who ask me about trading. I may be
improving, but I still have too far to go to be able to post anything of
real value or interest to those like Poser, Karnish, Phair, Ira, Earl, Ben,
or Winski.
There are many others I haven't named whose posts have been very helpful to
me, and I hope they don't feel slighted because I don't mean to ignore
them. It's obvious to anyone on this list which folks have the trading
experience to back them up - even if they disagree on certain points of
methodology or price targets or seem to be a bit cocky occasionally, it's
worth paying attention to their points simply because of their experience. I
hope they all continue to post, because I believe it's helping me to shorten
the time it takes to get through the learning process. That may be selfish,
but when I do finally get to the point of complete confidence in my approach
to trading, it'll be my turn to give - and I'll be happy to do what I can.
Until then, best for me to not embarass myself too frequently by proving
that I'm a fool!
Have a good weekend all,
DC
----- Original Message -----
From: Patrick Slevin <pslevin@xxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Cc: <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, April 06, 2000 10:59 PM
Subject: [RT] Re: minor complaint
> When you say that many take and return nothing, that may be.
>
> Or, as in my case, some people may not have the time to read all the
> posts and so I'm only now responding to a post from 2 weeks ago.
>
> When a RT message comes out, my filter sends the messages to a R/T
> folder. This folder has 1245 messages in it. A month or so back we were
> getting multiple posts off the listserver, so triples and quadruple
> posts were coming in. Those are gone now, yet my folder has 1245 posts,
> mostly from the last two weeks.
>
> It may be that some glean info and give nothing back; it also may be
> that there are so many posts that it's not practical to keep up.
>
> I keep the "membership" because I like to read but I'm certainly not
> trying to take without giving back. If I had something I would tell but
> I'm one of those undercapitalized daytraders, so by the time I mentioned
> it the trade would be over.
>
> Just kidding, I happened to just finish off the string of messages on
daytrading.
>
> ---Slevin
>
> Joe Frabosilio wrote:
> >
> > Phil,
> >
> > I've must have been missing those post, talk about all the $$ they're
making.
> > But people on this list do give, just many take and don't give back
anything.
> > With about 1000 members, only ~20 people post on a regular basis.
> >
> > I could also understand folks, not wanting to give away their system,
for it
> > took them lots of time and money, to develop. Can't blame them, can
you?
> >
> > One trick I learned while reading about futures traders, the floor
traders would
> > send people out to libraries to look at newsletters, then report back to
the
> > floor trader and inform him on where stops are or when they are taken a
> > position. With the internet, its a lot faster. I don't trade futures,
but the
> > same happens with stocks.
> >
> > And Yes, I was WRONG on a major CIT , I said March 15 would start a
downward
> > trend. Everyone bought. I wasn't short because I wait for things to
happen.
> > But still , I was wrong.
> >
> > TradeWell,
> > Joe Frabosilio
> >
> > Phil Lane wrote:
> >
> > > several people have come on here lately talking about all the $$
they're
> > > making - but of course they won't share their system or anything - so
what's
> > > the point????????
> > >
> > > And by the way, once, just once I'd like to hear about somebody being
WRONG
> > > on something.
> > >
> > > respectfully,
> > > phil
> > >
> > > p.s. don't ask about yesterday's daytrading attempt! Evidently there
are
> > > thousands of people watching this thing and probably there were
several
> > > hundred stop orders all at the same prices. So on a directionless day
like
> > > yesterday it's a sitting duck. I guess I was aware of this but did not
fully
> > > appreciate the implications! Live (survive) and learn...
>
>
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