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Like everything else in this world, there are people that are capable of
doing some things and there are others that are not. How many people can
swing a bat but can't hit 60 home runs in a year? How many people can run
but can't run a 4 minute mile? How many people can swing a golf club but
can't shoot sub par golf? How many people in the medical profession or any
other profession are just getting by and are not at the top of their field?
There is a difference between being able to open an office, a store or play a
game and being really good at it. What was the difference between Sam Walton
and your normal shop owner? The McDonald brothers owned a restaurant in
Southern California and didn't know how to grow it? Why was Krock able to
make billions and the McDonalds not? KFC is a success not because of the
Colonel but because of man named Brown. You could give 1000 people the Holy
Grail of trading and you would still have those that are successful today
will also be successful with the system , and those that are failing today
will be a failure with the Holy Grail. Every person has a different ability
physically, mentally and psychologically. That is why one can go public with
any system and not worry about it ever becoming successful by all of its
users. Gann works, Eliot works, Astro works, Andrews Pitchfork works, Point
& Figure Works, Fib numbers work, stochastic indicators work, MACD works and
so do all the other systems and indicators developed and used or misused. It
is not the system, it is the person operating the system. There are those
that sell systems that are a scam and there are some very legitimate systems
being sold. Is this any different than any other business. There are snake
oil salesmen everywhere. Those that disbelieve will forever flounder.
Because someone teaches heart transplant surgery, doesn't mean that another
practitioner will take away all of his patients? There are thousands of
doctors, lawyers, store owners and business people competing with one
another. Each successful to a certain degree and many failing. There are
hundreds of mutual funds being managed by so called professionals and some
are more successful then others. Some make money and some lose money. There
are CTA's, financial planners, Specialists, market makers, and traders that
have varying degrees of success and those that flat out, go broke. The
stock, futures and derivative markets are no different then any other market,
fish or vegetable. Those that can will and those that can't will fail.
There are schools that teach all of the professions and business practices,
yet there are still malpractice suits, business failures and those that are
just scraping by. The same goes for trading. You pay for your education.
Whether you pay someone to teach you to trade or you spend your money trading
and become self taught. I feel the later is far more expensive to do. Then
there are those that a programed to fail and that is a whole other subject.
Have a good week end. Ira.
Prosper wrote:
> I think I know what a big part of what all of these posts are about. In
> the back of almost everyone mind there is this little common sense cell
> that is trying to deal with something that doesn't make sense.
>
> I don't know about anyone else but when I first started looking at this
> business I asked myself. "Why would anyone or any company risk millions
> of dollars specualting in the markets if they could earn good interest
> on those millions without that degree of risk. I know that if I had 200
> million I wouldn't put even $100,000 into something that I figured that
> I would lose it on no mater if I could win a billion.
>
> So my common sense says that it must not be that risky for those
> companys and persons that are doing it or they wouldn't be doing it.
> That must mean that they know sometthing that most everybody else
> doesn't know, and that has to be that there is a way for them to play
> the game and win more than 50% of the time. I'm certain that someone
> will disagree with that, but I don't care, I believe it 100%.
>
> I will tell you that if I knew what they know, I wouldn't tell it,
> unless the price was unbelievably good. So that means that the posts to
> the list will go on and on, while that cell fights for that common sense
> answer.
>
> Prosper
>
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