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Hello Ira,
below is the most brilliant post i have EVER read on this list! may i
have your consent to reuse it and quote you when i wish? outstanding!
IT> Like everything else in this world, there are people that are capable of
IT> doing some things and there are others that are not. How many people can
IT> swing a bat but can't hit 60 home runs in a year? How many people can run
IT> but can't run a 4 minute mile? How many people can swing a golf club but
IT> can't shoot sub par golf? How many people in the medical profession or any
IT> other profession are just getting by and are not at the top of their field?
IT> There is a difference between being able to open an office, a store or play a
IT> game and being really good at it. What was the difference between Sam Walton
IT> and your normal shop owner? The McDonald brothers owned a restaurant in
IT> Southern California and didn't know how to grow it? Why was Krock able to
IT> make billions and the McDonalds not? KFC is a success not because of the
IT> Colonel but because of man named Brown. You could give 1000 people the Holy
IT> Grail of trading and you would still have those that are successful today
IT> will also be successful with the system , and those that are failing today
IT> will be a failure with the Holy Grail. Every person has a different ability
IT> physically, mentally and psychologically. That is why one can go public with
IT> any system and not worry about it ever becoming successful by all of its
IT> users. Gann works, Eliot works, Astro works, Andrews Pitchfork works, Point
IT> & Figure Works, Fib numbers work, stochastic indicators work, MACD works and
IT> so do all the other systems and indicators developed and used or misused. It
IT> is not the system, it is the person operating the system. There are those
IT> that sell systems that are a scam and there are some very legitimate systems
IT> being sold. Is this any different than any other business. There are snake
IT> oil salesmen everywhere. Those that disbelieve will forever flounder.
IT> Because someone teaches heart transplant surgery, doesn't mean that another
IT> practitioner will take away all of his patients? There are thousands of
IT> doctors, lawyers, store owners and business people competing with one
IT> another. Each successful to a certain degree and many failing. There are
IT> hundreds of mutual funds being managed by so called professionals and some
IT> are more successful then others. Some make money and some lose money. There
IT> are CTA's, financial planners, Specialists, market makers, and traders that
IT> have varying degrees of success and those that flat out, go broke. The
IT> stock, futures and derivative markets are no different then any other market,
IT> fish or vegetable. Those that can will and those that can't will fail.
IT> There are schools that teach all of the professions and business practices,
IT> yet there are still malpractice suits, business failures and those that are
IT> just scraping by. The same goes for trading. You pay for your education.
IT> Whether you pay someone to teach you to trade or you spend your money trading
IT> and become self taught. I feel the later is far more expensive to do. Then
IT> there are those that a programed to fail and that is a whole other subject.
IT> Have a good week end. Ira.
--
Best regards,
Research mailto:research@xxxxxxxxxxxxx
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