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Strategies & Market Trends : DAYTRADING Fundamentals
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To: ahhaha who wrote (7330)3/12/2000 5:42:00 PM
From: Cormac  Read Replies (1) of 18137
 
ahhaha -

No, Livermore was not the greatest...that might be your opinion, but it is only an opinion. It even might be a predominant opinion but in no way does that establish it as fact. There is not an objective standard as to measure the greatest...especially when you try to compare different era's.

Learning from defeat does not insure success nor is it an essential ingredient...personally I know more successful people in many walks of life and endeavors that have gleaned wisdom from other peoples failures and have applied said wisdom to their great success...than successful people who translate repetitive failure into success. I have found that there are usually basic (dare I say intrinsic...at least that have become part and parcel) fundamental reasons/habits/faults that consistently contribute to failure.

I for one am confident that (while my goal is not to become rich) I will not lose what I have gained and that I will not be a casualty.

Does anyone else on the thread feel uncomfortable at the dogma that suddenly has become prevalent on the thread?

Opinions are wonderful, food for the mind to chew on, but absolutes where none exist create limits and boundaries that are specious.

If a man will begin with certainties, he shall end in doubts, but if he will be content to begin with doubts, he shall end in certainties. Francis Bacon

It is what we think we know already that prevents us from learning. Claude Bernard

Respectfully,

Cormac
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