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This one sentence tells it all, thanks. The homework part is what most traders
forget to do. If done, then all else becomes clear. Ira
James Taylor wrote:
> Being aware of reality, understanding the truth, and doing ones homework is
> all about making money, and keeping the money one has.
>
> JT
>
> ----- Original Message -----
> From: "BobsKC" <bobskc@xxxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Saturday, July 15, 2000 7:50 PM
> Subject: [RT] Re: Fleck sez
>
> > At 08:32 PM 7/15/00 -0700, you wrote:
> > >Who knows what Fleckenstein's results are, Prudent Bears is truly dismal,
> > >and
> > >should be better.
> > >
> > >Fleckenstein is a realist though, and does do market research, and
> > >understands the 'system',
> > >whether or not he is a good trader is another question. I think his
> daily
> > >post is excellent,
> > >and needed in this truly sick market, full of glib, clueless gamblers who
> > >appear to be good traders.
> > >I for one, am quite tired of hearing all of the anomaly 'success' stories
> on
> > >CNBC, and not hearing the 'real deal' (thousands of folks losing their
> > >shirts, homes, marriages, etc... in this market.)
> > >
> > >It would serve you well to read his articles daily in order to put down
> your
> > >rose colored glasses, at least for 30 minutes. It might save you some
> > >money, especially if you use CNBC for investment direction.
> >
> > Why not just play the market which ever way it goes. Don't worry about
> > the over priced sectors, over priced stocks and over zealous gamblers and
> > just make money? Why do you care if the DOW goes to 20,000 or 2,000? Buy
> > it, short it, hold it, sell it but when you hate it or love it, you are
> > setting yourself up. Also, these "gamblers" are bringing the
> professionals
> > rare opportunity. They present themselves for fleecing and bring the
> > shears. Remember though, you can fleece a sheep moving away or backing
> up.
> > Either way, you get the wool. If you're going to scream like a wounded
> > banshee because he only allows you to fleece him moving away for a while,
> > you're crying in the wilderness because your posts are not meaningful to a
> > list of people who simply want to make money.
> >
> > Bob
> >
> >
> >
> >
> > >
> > >
> > >JT
> > >
> >
> >
> >
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