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Strategies & Market Trends : Classic TA Workplace

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To: Jeff Jordan who wrote (1138)	4/26/2001 10:06:50 PM
From: John Madarasz	Read Replies (1) of 209892

ouch.. fwiw I just finished reading a great interview w/ Tom Baldwin from the book "Market Wizards". This guy was one of the single largest individual traders in the T Bond pits in the early 90's... a quintessential self made success, and millionare. The main lesson I got from reading the interview, and the thing that impressed me the most, was the fact that this guy would stand in the pits and just watch the market, and the pros trade, for 6 hours a day...every day. He didn't try to force it... and he was smart enough to know not to mix it up with traders who knew the game. He learned the game first, he let them teach him. Then he picked his spot and made his play... and he never looked back. It's a great story, and a really good book. I don't think anybody is a guru here, it's business first and foremost ... and that means there's a place for mechanics and a place for helpers. There is no place for ego here. Regards, and good trading, JM

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