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Ira and All....
I agree what a well said and wonderful post..
Stephen
Ira Tunik wrote:
> 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
> >
> > To unsubscribe from this group, send an email to:
> > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> > Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
> To unsubscribe from this group, send an email to:
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>
>
>
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