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Perhaps many would be better off at the casino...
the pain can be ended much quicker....
Also and Old trader..
Stephen
BobsKC wrote:
> People love to gamble. Trading is, by any definition, gambling, since
> regardless of how many charts you make or programs you use or programs you
> operate, the fundamentals can bite you or favor you at any moment. Of
> course, any business is a gamble but trading does not require one to travel
> or call on customers or satisfy clients... you press a few buttons and
> collect the money!
>
> I've been trading stocks for 33 years now and other than basic historical
> charts, I use no technical methods. I'm a pure fundamentalist and I
> believe that the only way to trade is with those fundamentals of momentum,
> sentiment and sector demand. I have always done well at trading equities
> but the one time I tried to trade futures, I got hammered. I soon realized
> that the fundamentals on the floor of the exchange are a far cry from the
> fundamentals I was using. With equities, fundamentals work for me though..
> and even as I say I don't use technical analysis, I respect those who do
> and maybe that's the key to this list .. respect, consideration and
> fellowship for fellow traders.
>
> An old trader...
>
> Bob
>
> At 01:11 PM 5/5/2001 +1000, you wrote:
> >Why is it that everyone thinks that they can be a successful trader?
> >What is it that motivates so many people to want to trade?
> >Is it the money? the ego? the testeroserone? something else?
> >And why do so many people feel they can learn the game in such a shot amount
> >of time?
> >
> >I know If I wish to become a doctor it will take me about 8 years,
> >If I wish to become a barrister (Attourney) it will take me about 5 years,
> >A engineer about 5 years.......
> >I know that their are exceptions to every rule......
> >
> > From brokers I know world wide I am told that many of their clients
> >disappear after 6 months because they have blown up....
> >That only about 18% are successful and that includes 2%+/- they are
> >incredibly successful.
> >
> >The better brokers say that apart of their role is education....but they also
> >say that they get frustrated by people who are in a hurry and do not really
> >wish to learn...
> >A couple of brokers I know have left due to this frustration and are now
> >successful prop traders for themselves or for companies.
> >
> >None of this inteded to offend anyone and if it does??
> >the old saying "if the hat fits....wear it"
> >
> >Who cares anyway we need the liquidity in the market!
> >
> >Trying to be "Gentle" Ox...Stephen from Australia..!
> >
> >
> >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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