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Who are they letting on this site, anyway?
My goodness gracious; by gosh and by golly. Kent Rollins, who undoubtedly
has never made a dime trading compares himself and other purveyors of
multivariate regression analysis and learned mathematical tomes with the
practioners of the psycho-babble of the stars, and asks who you would want on
your site giving advice and comment. Well, one such psycho-babbler and
astrological forecaster on Realtraders is Norman Winski, who occasionally
makes a few learned comments to the group.
Now, I am over seventy years of age and pre-Alzheimer's is probably
setting in, but if I remember correctly, Norman in the mid 1970's, started
with a stake of less than $1000 and in the space of a year and a half ran it
up to $1.0 million. That is One Point Oh million in 1970's dollars. Norman
was a floor trader on the CBT and market maker on the CBOE for several years
and I think still counted as a friend, the President of the CBOE back in the
'90's. Norman used astrological forecasting in his trading and may have lost
most of his winnings over the next few years, but that is some accomplishment.
Shortly after Norman originally joined RT, he forecast, on RT, a major
turn in the market for mid 1997 a couple months in advance, and then gave a
heads-up a couple days before. He also gave a time. He missed the turn in the
S&P by one minute in the cash and two minutes in the futures. And the major
turnaround ran for about three months. Unfortunately, as Kent says, he gave
as his reasoning, "Mars is going into retrograde hyperbolic conjunctivitis
with Andromeda," and not many people listened.
Well, Norman has won open world-wide competitions in trading, e.g. TASC
in '90 or '91, and his kudos are too numerous to mention.
Back in the early '90's, to be a member of RealTraders, one had to be an
active trader or a member of the trading profession. But, beginners were
welcome and encouraged. Unfortunately, now, we will continue to be led astray
by comments of those non-Traders like Kent who may never straighten out the
non-orthogonality of the independent variables of their data sets.
I don't know about you, but if Norman has something to say, I, for
one, am going to listen. Larry Z, Seattle
Note for the record: I do not know Norm Winski, have never met him, and
am not connected with any of his enterprises. Z.
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