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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: ciVic who wrote (34075)	11/28/1999 12:21:00 AM
From: Ellen	Read Replies (1) \| Respond to of 108040

I was determined to stay out of that discussion. So much for good intentions...lol If anyone is trading and does not yet know that what goes up also goes down; and does not yet know not to chase a stock; and does not yet know that they alone pull the trigger (either way - short or long); and does not yet know they have no one to blame but themselves for a bad decision, well, then they have no business attempting it in the first place. If anyone is that inexperienced, they should be paper trading. Period. If anyone is trading solely based on someone else's decision and not their own, they should be paper trading. Period. I just had to say something because this whole discussion kind of gets under my skin because it is, to me, further indicative of the 'I'm not responsible for myself' syndrome that is wayyyyy too prevalent in today's society. And it's pure hogwash to whine and moan because each individual's action is the responsibility of the individual. No one is sitting at someone else's keyboard pressing that key but the individual him or her self. Period. If someone bets in a horse race and the horse loses, is it the horse's or the jockey's responsibility that someone lost money on the bet? No. If someone bets in a game of poker and their hand isn't the winning hand, do they blame the winner for their loss? No. And so on...and so on... While I do not wish losses on anyone I certainly would not be so irresponsible as to try to blame someone else for my mistake(s). Period.

To: ciVic who wrote (34075)	12/5/1999 12:49:00 AM
From: JEB	Read Replies (1) \| Respond to of 108040

You touched on a few aspects that traders do not consider but the number one aspect is greed. "I bought this stock and now it is going to 100 and make me rich overnight", you and I know it doesn't work that way and eventually the newbies learn too (the hard way). the number two reason is money management (when and where to place stops). For both reasons I recommend Dr. Elder's book (Trading for a Living)or you can go to his seminar. Here is a link: archertrading.com Sorry about the short notice for the seminar. Good trading, JEB