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Technology Stocks : C-Cube
CUBE 36.64-0.5%Dec 5 9:30 AM EST
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To: Bart who wrote (19219)7/24/1997 9:01:00 AM
From: Andy Chen   of 50808
 
Publicized Trades vs. the True Traders

Publicized trade is a concept, sometimes abstract. When you publicize a trade, you create an incident and doubt of mind. Once the outcome of the trade is determined by the close of transaction, the publicized trader either 1) concede right or 2) admit wrong. The fact that he needs to feel conceded right (or admitted wrong) publicly leads to the logic that publicized traders either 1) wants to satisfy his ego or 2) wants to educate those who read (sometimes this includes himself who look in retrospect).

Now, to ask the question "at what price would it have to get to before you would admit you were wrong??" a publicized trader is asking another to accept the challenge of goodwill. In order to accept the challenge, the other trader has to trade publicly. This involves publicly publishing his trade through an impartial third medium, such as the internet.

Publicized trading is a sport. It deals with consistency and statistics. It serves no purpose of learning about the market, from my perspective. Unless you want to learn to become just another publicized trader.

"I would be the first one to congratulate you if you covered" -- quote, a publicized trader

Mr. Bart, you get an A+ for sportsmanship.
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