Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : CNBC -- critique. -- Ignore unavailable to you. Want to Upgrade?

To: Gary M. Reed who wrote (3405)	7/30/1999 10:17:00 AM
From: PMS Witch	Read Replies (3) \| Respond to of 17683

When I posted about the day-trading guy, I thought the story a hoax. After seeing the story and pictures in this morning's paper, I now realize the story's true. I'm still feeling sad for the families of this guy's victims. I firmly believe, and have posted often enough, that investors should be looking at what's left and not what's lost. We all experience tough times along with the glory. Both are difficult to keep in perspective, although I find sucesses harder to handle than failures: Probably had more experience with failure. Money comes and goes, but the wisdom gained usually sticks around for a while. Money also has little to do with value: Health, family, friends, hobbies, and community are all precious. Your post about the co-workers joking about the guy's losses strikes me as strange. A better survival strategy would be to support the 'losers', limiting their losses to money, which is easily replaced. There's no advantage of causing a person who just lost money, to lose their dignity and sense of self-worth too. In the Nazi concentration camps, there was a common saying "My turn today -- Your turn tomorrow", which summarizes the situation. I remember losing a seven-digit sum one afternoon. The family suggested we have an informal ping-pong tournament. Having won three games in a row, I suggested we have a barbeque. A few hot-dogs later, the losses were forgotten among the laughter. I wouldn't 'paint the bridge' without a safety net, and I wouldn't expect to earn my living in the market without one either. The time to put one in place is BEFORE it's needed. Cheerios, PW.