To: ChinuSFO who wrote (21695 ) 6/13/1999 2:34:00 PM From: Teresa Lo Read Replies (1) | Respond to of 41369
Agreed, and Vendit should so the same. Vendit can advance his thinking and there is no need to call me a "spammer" for posting my opinion with a link to the charts. TA has to do with analysis of supply and demand, and having respect for the market and those who have differing opinions. If there were no differing opinions, the trade would never be made. In fact, the trade can only get done *because* there are two parties who *totally disagree* in price outlook. As for the other sites, we were invited to provide material (*before* the 5 minutes of CNBC fame) and we did so. We do not "post" to those sites. They copy original material prepared by us because they believe it will benefit their readers. And since everyone is so cynical, always wondering about the motivation of free sites - here's my answer: "We get a lot of fanmail, always with the same question - why do I do this for free? Here's the answer: It all started because I had finally had enough of people telling me that the reason I made money in the market was because I was an "insider", a pro working inside a brokerage firm, as if people in the brokerage industry had some sort of special knowledge that would help them make trading profits. I think this is not true. If it were, why would people be leaving their brokers in droves to trade online? However, once they start trading for themselves, they find out that their results are no better than that of their broker? My argument was that the reason for not making money is the fact that they did not know how to trade. And even if they did, they did not know the rules of risk and money management. Basically, most people begin their trading career very undercapitalized and they bet far too large an amount for their account size. The argument from clients was if they already had lots of capital, they wouldn't be "gambling in the market". My reply was that gamblers always lose. I had that argument so many times over the years I thought I could put up a site with all the knowledge so that I could stop having to repeat myself. Initially I participated in the chat to get it going. I did not intend to make commentary all day for free, but it seemed that people wanted to know more and so I stayed. Now we're going to see if we can link up with some financial partners in the U.S. so that I can hire some people to help with all this. This way, I can go back to trading and still make comments, but have some support. Evolution - hopefully."