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No, the request was for how other futures traders make their first entry of
the day. I am really curious whether they rely on specific principles or a
random number generator. What are the factors that go into their decision
making.
bobr
----- Original Message -----
From: "Ira Tunik" <irat@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, May 05, 2001 8:56 AM
Subject: Re: [RT] WHY...Trading Profession?
> What you want is a million dollar education for nothing. I don't think
so. Ira
>
> BobR wrote:
>
> > 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
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
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> > >
> > >
> > >
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http://docs.yahoo.com/info/terms/
> > >
> > >
> >
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> >
> >
> >
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>
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