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Technology Stocks : Full Disclosure Trading

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To: Don Green who wrote (10981)5/1/2006 4:32:06 PM
From: Sam Citron  Read Replies (1) of 13403
 
OT Don,

You raise a valid point. I think the main reason why posters on this thread tend toward bare bones trade reports rather than explanation is historical. The thread started simply as a way to get Advocate Devil's frenetic AMAT day trades off of the AMAT board, where some posters were complaining of excessive clutter. I felt strongly that there were too few traders on SI keeping "open books" while most were happy to give their opinions devoid of details regarding their trade positions and potential conflicts. Realtime trade reporting is also an effective form of community heirarchy building via the reputation effect. Without trade reporting we don't really know who the best traders are or learn from the mistakes and successes of others. A trade is the objective encapsulation of opinion. There were lots of opinions expressed on SI but too few actual trades reported. And it takes alot less time to report a trade. For all these reasons, I felt that it was worthwhile to have a tread for near realtime trade reporting without much discussion as is prevalent on most other threads.

That said, your point is well taken. We can learn more from our own as well as others successes and failures if we state reasoning for trades. Possible reasons for not doing so include saving time, keeping the thread uncluttered, and keeping ideas and strategies proprietary.

You are certainly welcome at any time to post the reasoning behind your trades. Demonstration effect of best practices is often the best teacher. And, of course, you are most welcome to ask others their reasoning.

I may start attaching abbreviated reasoning to my trades in the future as an experiment. Thanks for asking a good question. Sorry I did not notice your comment when you first made it.

Cheers,
Sam
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