SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Formerly About Applied Materials
AMAT 268.87+4.6%Jan 2 9:30 AM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: advocatedevil who wrote (57432)12/13/2001 8:54:47 PM
From: Sam Citron  Read Replies (1) of 70976
 
AD,

Please don't stop posting your trades here. So what if Cary has you on ignore. Why should he post his trades here but not you? Because he has a lower portfolio turnover? That is ridiculous. I respect you and Cary for the very reason that you have both been so transparent about your trading activities and have been so very generous in being so patient with me in sharing your insights and strategies. If Cary thinks ST trading posts are ignorable, then let him ignore them and leave it at that.

Realtime posting of trades has at least three important benefits which I consider indispensable:

(1) It reveals those few individuals who have the ability to transform their ideas into consistently profitable trades so those who wish to can learn potentially valuable trading strategies and techniques.

(2) It promotes accountability and accuracy.

(3) By promoting transparency, it enables the exposure of bias, which is most critical to the analysis of all reported information.

Hearing you report a rumor about a RIF at 2:54 when it is confirmed at 4:05 is important. But knowing that you consider it significant enough to act upon is even more essential.

Trading is revealed preference, pure and simple. Words alone can be just smoke and mirrors, even when there is no actual intent to deceive. In this game, transparency is everything. Without it, we are liable to even deceive ourselves.

Sam
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext