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JW wrote:
> Regarding the role of ego in life, there is an excellent article in
> the July issue of Wired magazine (8.07). The article discusses the
> free-advice www sites and why so many people participate to help
> others for little or no monetary compensation. Through direct
> interviews with some of the top contributors to these services, the
> conclusion drawn was that the motivation for many IS ego related (they
> use a term called "egoboo" (short for ego boost) which was apparently
> originated with the science fiction fanzines around the late 1920's).
> All in all, a very interesting article and a worthwhile look into a
> factor that DOES motivates many people.
>
> JW
I'd rather have the money. Reminds me of the old story from the Amos
and Andy series.
Andy gets arrested for public intoxication and is called before the judge.
Judge: Andy, it has been reported that you was drunk, disorderly, and
staggering on the sidewalk in plain publc vew. How do you plead?
Andy: Well Judge, I is gonna have to plead guilty.
Judge: Guilty? Then Andy, that'll be fifty days or fifty dollars?
Andy: Oh, I take the fifty dollars!
Cheers,
Norman
>
>
> -----Original Message-----
> From: listmanager@xxxxxxxxxxxxxxx
> [mailto:listmanager@xxxxxxxxxxxxxxx]On
> Behalf Of EAdamy
> Sent: Tuesday, July 11, 2000 10:21 AM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: Trend Reflections Trading System
>
> I have made no secret of the trading methodologies I use - I've posted
> tons
> of charts over the years not to mention detailed trades complete with
> charts, entries, exits, and stops in real time. I have generally not
> hesitated to answer questions regarding my trading methods for any
> reason
> other than time constraints. I have no need for a public ego trip and
> there
> is nothing else to be gained, so a trading contest holds no personal
> interest for me.
>
> Earl
>
> ----- Original Message -----
> From: Robert Baker <rbaker@xxxxxxxxxxxx>
> To: <eadamy@xxxxxxxxxx>
> Sent: Tuesday, July 11, 2000 10:38 AM
> Subject: Re: [RT] Re: Trend Reflections Trading System
>
> > Earl,
> >
> > i recently (end of June) proposed a realtime simulated stock trading
> contest
> > among the members but sadly there was little interest (4 responses)
> and no
> > follow thru. if we will not put our methodologies on the line it
> can only
> > be because we prefer to keep our methods secret or because we have
> no real
> > methods to share. what do you think.
> >
> > bob
> > ----- Original Message -----
> > From: "Earl Adamy" <eadamy@xxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Sent: Tuesday, July 11, 2000 9:20 AM
> > Subject: [RT] Re: Trend Reflections Trading System
> >
> >
> > > I've been on this list for some years and have yet to see any
> > > comprehensive real-time trading records posted here. Not that I
> would
> > > expect to ... this is a non-commercial list and the only
> individuals who
> > > would have any incentive to post trading account details would be
> > > someone with something to sell. As for discretionary trading being
> a
> > > losing game, I'm not about to spend time convincing anyone
> otherwise;
> > > however I have, on a number of occasions, posted real-time trades
> in
> > > bonds, stock indexes, and other futures from initial entry through
> exit
> > > showing the methods used, all of which are discretionary. There
> are
> > > exceptions of course, however many systems tend to work for some
> period
> > > of time and then blow up. Those who have discovered and developed
> highly
> > > reliable trading systems are unlikely to sell the system but
> rather
> > > trade it or find a trading partner to trade the system for them.
> > >
> > > Again, there are exceptions, however the vast majority of systems
> being
> > > sold are worse than trash because the buyer ends up paying for
> both the
> > > system and the losses. I'm always interested in looking at
> systems,
> > > especially those with good real-time trading records (as opposed
> to
> > > hypothetical trading records using historical daily bars). Gerald
> > > Appel's Time Trend III is a system which has stood up well in
> real-time
> > > trading of stock indexes for over a decade and I use much of TT3
> logic
> > > in my own equity index investing. I've subscribed to Chuck
> LeBeau's
> > > trader's club list for some time and have always considered him to
> be
> > > one of the more astute system builders although I have never
> purchased
> > > one of his systems. I will admit to some disappointment that Chuck
> let
> > > the recent RT thread drop without addressing the issues Dennis
> raised
> > > regarding the use of tick versus daily historical data for back
> testing.
> > >
> > > Earl
> > >
> > > ----- Original Message -----
> > > From: "Glenn Pederson" <gpeder@xxxxxxxxx>
> > > To: <realtraders@xxxxxxxxxxxxxxx>
> > > Sent: Monday, July 10, 2000 11:14 PM
> > > Subject: [RT] Re: Trend Reflections Trading System
> > >
> > >
> > > > On 10 Jul 2000, at 9:17, Steve McGuire wrote:
> > > >
> > > > > For example, an account I started trading on Jan 2 this
> > > > > year is up 69.6% and that was after a 15% drawdown. An account
> I
> > > started for
> > > > > my wife last July is up 126.5%.
> > > >
> > > > I have been on this list for quite a while now and have noticed
> that
> > > > the only traders that post their trading results are those that
> are
> > > > trading mechanical systems. Could it be that discretionary non-
> > > > mechanical trading is a losing game?
> > > >
> > > > Congratulations Steve!
> > > >
> > > > Glenn Pederson
> > > > gpeder@xxxxxxxxx
> > > >
> > > >
> > >
> > >
> >
> >
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