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Gwenn, Steve, et al:
>If someone makes an ***observation*** and feels like it is something they
would
>like to share with the group ... SNIP
>If we allow free expression, eventually one of
>those ideas may ultimately help you be a better trader.
I also emphasize the importance of free expression but free expression also
means to tolerate a critical followup.
Predicting crashes is just ridiculous, what "observation" have those
countless predictors made?
If we would act according to all predicted crashes in history we would be
tinsmiths, hairdressers, or both, but not traders.
Predictions are just one ingredient to complete a mosaic of an anxious,
nervous mind, unable to make and - if necessary - turn down a single
rational decision.
Actually we have a strange job: once we have made a trading decision, we
must be prepared to quickly, sometimes immediately, change our mind.
A little experience doesn't hurt but maybe it would be better if - on a
regular basis (10 min. would be ok) - we could get rid of all our both
positive and negative prejudices, expectations, etc., concerning a certain
security, sector, or even contributors to this list (e.g. M.B.).
This way it's much easier to trade what we see, rather than what we think.
It reminds me of booting my PC once in a while. This process cleans memory,
and gets rid of windows hiding others showing the big picture.
What counts are not expectations but Expected Values.
Thomas Pfluegl
>Merkley, Steve" <SMerkley@xxxxxxx>
>Subject: RE: [RT] Re: June 8th "Significant Market Move" ?
>To: "'tesla@xxxxxxx'" <tesla@xxxxxxx>
>CC: "'realtraders@xxxxxxxxxxxxxxx'" <realtraders@xxxxxxxxxxxxxxx>
>Message-ID: <C055AF5D5DD1D2119C2700805F1582F004B750D5@xxxxxxxxxxxxxxx>
>MIME-Version: 1.0
>If someone makes an observation and feels like it is something they would
>like to share with the group and so they do, only to be mocked and scoffed
>at by many in the group, how many more times will that person be willing to
>share their ideas? Take the information and file it where you think it is
>appropriate, but allow other people the opportunity to express their ideas
>without getting blasted. If we allow free expression, eventually one of
>those ideas may ultimately help you be a better trader.
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Thomas Pfluegl, Rudersdorf 8, A - 4212 Neumarkt
Austria Tel. ++ 43 - (0) 7941 - 8106
http://keplerweb.oeh.uni-linz.ac.at/trading/index.html
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Austria/Europe --> high mountains --> Mozart --> no kangaroos
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