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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Stoctrash who wrote (12277)	1/10/1999 10:03:00 AM
From: robert b furman	Read Replies (2) of 44573

They were extremely smart.Extremely educated.Yes extremely leveraged. I just don't think there is a holy grail that beats the human interpretation of mass greed or mass fear better than the experience of a seasoned trader.We endlessly search for the replacement of that which makes us truly great - intuition. Would not we better aim our talents to refine it - rather than replace it. I think the major missing ingredient for those who struggle with this concept is CONFIDENCE.Every day I struggle with my portfolio positions and my mental balance of confidence. Our markets are not chess boards with a finite number of moves.Our challenge is to anticipate the future by observation of the past.When one has assessed the perfect level of investment, the market shall respond differently and disprove the model.It is my belief that LTCM over trusted their model and when market acted as it never had before,it took down what could arguably be considered one of the greatest brain trusts possible( with huge resources behind them). For my two cents worth, we don't need to make all the money in the market .One shouldn't have to endlessly endeavor to seek out the perfect level of investment or develop the holy grail. My desired investment posture is to be experienced thru observation and invested to a level that allows balance in my life.I do truly believe that this goal wisely pursued will result in more than enough wealth to richly reward me in my life time. Just one man's spin. Nothing wrong with trying to find it either - what frustrates me is these egghead academics that couldn't stand the stress of trading blue chips who write this far out theory with vocabularies that quite frankly don't impress me. Bob

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