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Norman, you wrote:
   Date: Thu, 7 Mar 2002
23:31:55 -0500
   From: "Norman Winski"
<nwinski@xxxxxxxxxxxxxxx>
Subject: Re: Eyes Open Wider
Ric,
    Your story highlights that some folks had a penchant
for taking
something simple and making it complicated.  Spreading between two
markets
or indices greatly complicates one's market posture and leaves one
vulnerable to losing on both legs of the spread.  One should only do
such a
spread if by virute of 20 years or more of market data shows that the
spread
has reached a major support or resistance area, which is probably a
rare
event.  To enter a spread and due to loses start trying to fix it
by
throwing in a another market is more of the same pattern of
complicating
life. Bottomline, buy against support, sell against resistance,
preferrably
in one market at a time. If wrong, get out. During my stint at the CBOE
-
CBOT, I had the good fortune to do business with Eddie & Billy
O'Connor.
They started out as poor kids from the southside of Chicago and by the
80s
they were probably each worth about 100 million dollars. They were
masters
at spreading. Eddie always said, "if you put it on as a spread, you
take it
off as a spread".  This means no legging and no jimmyrigging
your losing
position with other junk
KEEP IT STRAIGHT FORWARD & KEEP IT SIMPLE.
Thank you for your comments which seem to be based on one set of trading
concepts - trading with the trend and exiting if you are wrong.
I mostly use other trading techniques, but I can see where you are coming
from and there is nothing wrong with that.   I still use
trend-following on occasion.
I have little or no knowledge of trading based on the planets and would
not even consider questioning the experience of those that do so trade,
and make money with such a trading style.
If through fear, you have little personal experience of spread trading,
what is your basis for questioning those who have experience?
I do not castigate your way of trading by the planets, but you apparently
feel a need to decry one of my styles of trading.
Why are you so defensive?     Do you feel
attacked?
If you make money by cycles of the heavens, good luck to you.  
I hope you continue to make lots of money trading by the planets and
eventually feel comfortable enough to fully share your successful methods
with others.
When you do, accept that some others might find your ways
complex.
I understand that what seems complex to me might be easy for
you.
I also understand that what might be easy for me could seem less than
straight forward to you.
Everyone is different.   I accept this, why don't 
you?
I respect that your way works for you. 
Why can you not be equally considerate?
When you have answered these questions, don't tell the group, tell
yourself - for that will be of most benefit to you in the long
run.
'Too complex' or 'keep it straight forward' are phrases often used to
describe an idea we are avoiding accepting as being of some merit, or as
a means of avoiding questioning our existing beliefs.
The use of the word 'junk' often is an outward expression of an inner
emotional reaction.
'Too long' is also a phrase sometimes used when we cannot easily finish
reading something because it makes us uncomfortable.   
But I accept that this is a more adult approach than deletion and
filtering out.
I suggest calm, inward reflection, and digestion.   We all grow
by experience, reflection and digestion.
To your continued success and future growth.
Unconditional regards, Ric.
www.traderscalm.com







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