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To: Scrumpy who wrote (63190)	9/25/1999 7:32:00 AM
From: Don Pueblo	Read Replies (2) \| Respond to of 120523

You make a good point about my "neighbors". I suppose it's all in how you define the term. I was defining it as "someone that day trades for a living". The guy that lost the hunge large actually recovered. It took him almost a year. The other dude, the one that was up fifty and then lost fifty on the same trade, I never saw him again. I've screwed up too. I mean I screwed up big time when I was learning. I did some really funny stuff, but it's mainly funny because I can look back on it now while I'm eating steak. The first big mistake I made was the second day I was live. I bought 1,000 ORCL and then sold it for a small loss about 15 minutes later. THREE DAYS later, the manager of the place where I was starting out mentioned that a 2,000 share position in one stock was dangerous for a new guy. I had no idea what he was talking about. He showed me how to read my statement (no kidding) and that's when I figured out that instead of SELLING the 1,000 ORCL that I owned, I had clicked the wrong box and bought 1,000 more. AND I had owned 2,000 ORCL for three days and not known it. AND it was down 3 points (of course). It's all part of Day Trading College. The point I was hoping to make was that it's awfully hard to learn how to do it right if you are watching somebody that does stuff that is so dangerous that you can blow up if try to do the same thing. I'm just an ordinary reptile, nobody famous. You guessed correctly about my book, though. It is in a safety deposit box, waiting for my kids if and when they are interested. It's not for sale, because it works too well. I guess I got really lucky. If it stops working, then I'll do a Jake.<G>

To: Scrumpy who wrote (63190)	9/25/1999 6:50:00 PM
From: Autumn Henry	Read Replies (1) \| Respond to of 120523

I learned a great deal from TLC post and Jenna's too. Scrumpy.....define gambling and not gambling for me please I always seem to hear the debate and haven't gotten any clear answers.....I find I "gamble" all the time.....we are growing our business and I find it is a "gamble" I find sending my son to Japan soon to see about going to school there is a "gamble" matter of fact I think getting up in the morning is a "gamble" with other gambles on the way. Does someone have to have a "thick book" to know anything valuable is that what you are saying? Lot's of market wizards haven't written a darn thing...matter of fact it was very difficult often in the Market Wizards book to get the best traders to talk not alone get them to "write a big thick book?".....have you noticed that? I am grateful to hear about the mistakes TLC wrote about. It ever reminds me that trading involves human nature and that I am not alone in making mistakes. And what is "wrong" with telling the stories with "great fervor"?? Passion! Have YOU ever sat next to these things happening?? Don't you think it would impact you greatly instead of how most of us get it "second hand" and less emotionally charged in a diluted form? I imagine it was like seeing someone burned from a building come running out with 3rd degree burns. It is much "easier" to "hear" about it then sit right next to it isn't it?? AND, when you sit right next to it it is a very strong reminder of what can happen to you versus the more "passive experience" of hearing it on the news like most of us do, right? Makes it more "REAL" to deal with then .....that happens to someone else...... I am so glad you are above "greed"!! How have you managed to do that? And please while you are at defining gambling please define exactly greed......those have never been adequately defined for me in 3 years of people using those words........ I am "gambling" about your ability to do so without me finding a "hole" in the definition...... Autumn