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Joe & All,
I found Way of the Warrior Trader an excellent book and a must read for any
new or old traders. Most newbies and academics beleive that the indicators
you use and the parameters you set on your computer will determine your
success in the markets. McCall doesn't mention anything about systems or
methodology. We are our own worst enemy. I beleive the focus of the book
was the need to develop awareness of yourself and the market, without which,
success in the markets is impossible.
We all have metaphors about trading and the markets. No one's metaphor more
right or wrong IF it produces success. The metaphor we beleive and practice
will play a major role in our success or failure. McCall's metaphor happens
to involve direct combatants. An easy metaphor for me to understand in the
zero-sum game of futures trading.
Well, the markets opening soon. Good Trading everyone.
Howard
>From: Joe Frabosilio <joe6964@xxxxxxxx>
>Reply-To: joe6964@xxxxxxxx
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] GEN: Interview with Larry Pesavento
>Date: Tue, 27 Jun 2000 21:30:53 -0500
>
>
>Hi Group,
>
>
> I just listen to the 30min radio show that Larry just did with
>http://www.marketmavens.com , click on radio show. I wasn't that
>impressed. For a trader who wrote books on Astrology inconjunction
>with trading. He didn't sound like a trader who uses Astrology. He said
>that he was bearish on the market until ~Oct. He didn't go into some
>bullish indicators for July, example there will be 2 Solar Eclipses and
>1 Lunar Eclipse. If Larry and myself are looking at the same thing,
>then I understand why he's bullish ~ Oct. But didn't understand about
>being bearish for July.
>
>He also said that he reads "The Way of the Warrior Trader" by Richard D.
>McCall everyday for 5 mins. This is like oil and water, when using
>Astrology. Because, Astrology is the understand of behavior, Warrior
>Trader is going into combat with the market.
>
>I have " The Way of the Warrior Trader" I still can't get past page
>42. I know that Larry has 30+ years in the market place. Just didn't
>like the interview.
>
>TradeWell,
>Joe Frabosilio
>
>
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