DAYTRADING Fundamentals Message Board

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Strategies & Market Trends : DAYTRADING Fundamentals

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To: JB2 who wrote (2716)	8/13/1999 1:41:00 PM
From: Robert O	Read Replies (2) of 18137

I can't believe he didn't hedge his huge sums of capital better. One of the weirder facts about him, I thought, was his weekly habit of taking lessons in how to play checkers---I'm not kidding, it's in his book (!)I contend that if he had studied chess instead, he'd still be in the big time---more advanced strategies may have stood him in better stead...But I'm just speculating <g> Whoa, his book is worth finishing I found it hard to put down. You'd be very surprised how much more involved checkers is when played at the top levels. I'm no pro, but there are people who take the game VERY seriously... kind of like Backgammon which seems simplistic but there's more than meets the eye. Also, he did play chess and actually is sitting in front of a chess board on the cover of book. Vic used very complex mathematical tools in his trading but was a trader uninterested in the 'safe' hedge that had a far higher percentage to lock in a small amount. He was using leverage to the hilt and played the fastest, wildest markets out there> currency especially. Hey, at up to 100x leverage you're gonna go or blow BIG TIME sooner or later. RO

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