Hi all,
Brian was certainly in a whimsical mood...must be doing ok!
> What is the most important information about trading that one can >embrace
> and over time can eventually prosper?
>Sound Money Management can turn any trading system with a positive
>>expectation into an even better one but it can not turn a negative
>>expectation into a winning system (RalphVince< "PortfolioManagment >Formulas,
>1990).
Hard work! Just like any other job. It can reward you with leisure time, but
that comes later.
> What is it exactly that makes people spend so much time chasing the >stock
> market or any market for that matter?
>Money, money, money ....
>must be funny,
>in a rich man's world (ABBA).
>It's good fun, to boot, and I sacked the boss!
Its fun, the whole world actually plays, but most of them don't know it. I
think it's the freedom that it offers, and ultimately, I am responsible for
myself, and I get the rewards/penalties for the work and skills that I bring
to the table.
> How can one really understand the market waives in which it flows
>I didn't even whisper that answer to my wife in the bedroom!
You can't. You try and work out the big picture first ( the global waves ) and
that's all you need - you don't try to "understand" the smaller waves, you
just catch em when the surf's up. ( I will not be pursuing the bedroom allusion
)
> or how does one trader out perform other trader when both are using the >same
> indicators and information.
I have never actually known any two traders to use the same technicals on the
same markets. Most traders I come across have some "intuition" to add to the
technicals as well.
>Everyone specialises, over time, so we are all 'doing it my way'
>>(FrankSinatra) .
>Trading is a high performance sport so approach it as if you are trying to
>>get on the US track and field team (insert your fantasy dream in place of
>'>get on the US track and field team' ... no, not the one involving Angelie
>>Jolie).
> Why is it that the MACD is so important to some and not others?
>Some believe in it and some don't.
>Aaronson does a reasonable job of elucidating the foibles of the mind, as
>>evidenced by traders behaviour, in the first section of his book
>">EvidenceBasedTechn icalAnalysis" ... for an amateur!
>"You can't be a high performance flyer, on one wing, even a gold one".
>Guru Brian says, "Read one hundred times, believe 1%".
>brian_z *:-)
Robert Z
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