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Re: [RT] WHY...Trading Profession?



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Dear Research dept, would you please do a brain dump on this lowly wannabe
regarding entries on the NQ and ES ?  Specifically he and a few others would
like to read your treatise on timing the entry and various techniques you
would employ in catching a trend in its infancy.  Particularly address the
pre and post period 8:30AM CT with its risks and rewards.  What time frame
or tick frame would you advise?  What techincal approach would you use,
swings, xovers, trendline breaks, something exotic?  What we are talking
here is Texas style gunslinging where trades move like singing bullets.
Feel free to be as verbose as you want.  A diatribe is desired.

thanx
bobr

----- Original Message -----
From: "Research Dept." <research@xxxxxxxxxxxxx>
To: "Gentle Ox" <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 05, 2001 4:57 AM
Subject: Re: [RT] WHY...Trading Profession?


> Hello Gentle,
>
> GO> Why is it that everyone thinks that they can be a successful trader?
>
> i never set out to be a trader, in fact i thought you had to live in
> ny or chicago. in fact i do not consider myself a trader now, i love
> research,  and  just  figuring  out  things in general. i have studied
> people  as  much  as  i  have  studied  the  markets  and  come to the
> conclusion  that  most  loose  because  they  are gamblers rather than
> analyst.   analyst  on  the  other hand mostly are failures at trading
> because they rely upon validation of some for or another.
>
> GO> What is it that motivates so many people to want to trade?
>
> i hate to trade, i only do so to finance my research and my computer
> hardware/software addiction. this is the way i separate myself from
> becoming involved with something i don't like to do trade. i do not
> get a thrill if i make money and i don't worry at all anymore if i
> loose. learning to take losses was the hardest thing i ever
> accomplished.
>
> GO> Is it the money? the ego? the testeroserone? something else?
>
> for me its the thrill of figuring it out..  finding something that can
> be validated in black and white as working.  i honestly have no desire
> about  the money other than to pay what very few bills i have.  i live
> very meagerly (except for equipment) because i know it can all be lost
> if i'm not careful.  i am not inspired by wealth but rather knowledge.
>
> GO> And why do so many people feel they can learn the game in such a shot
amount
> GO> of time?
>
> i  was  the  same.  i thought i knew how to trade until i went to work
> programming  for  someone  who was a real trader.  there i learned the
> business  of  surviving as a trader and to not take anything personal.
> trading  really  is  a  business, like any other except its better.  i
> could  pick  anything  in  life  to do the 3 i narrowed it down to was
> biological,   market  and gambling research.
>
> anyway it took me a good five years to learn while working for a
> specific trader. i spent many more years programming for other
> successful traders. i figured no one was going to tell me what i
> needed to know about how to make a living trading. so i set out to
> steal the knowledge by pretending to be a contract programmer. so i
> kept my mouth shut (for a while) listened and observed every move,
> making very detailed notes about events i would only understand latter
> in  time.  stopping here for now..
>
>
> --
> Best regards,
>  Research                            mailto:research@xxxxxxxxxxxxx
>
>
>
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>
>
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