To: Susan Saline who wrote (29306 ) 1/15/2000 5:02:00 PM From: Jay Lyons Read Replies (3) | Respond to
>and Jay .... you are forsaking us, eh? ...so the purpose I conclude, is to gather new contributors ... then they move from SI to some private site, which eventually (I would gather) charge an entry/subscription price?<her thread to this one with him. A lot of people have moved on and those of us who remained and came to dominate the thread became very good at what we do. Other very good traders like John and Red and Jeff joined up. Because some of the best traders on SI are on this thread, I feel that to some extent it has become more of a place for serious, successful traders to swap trades and jokes then it was once. I think because of this the newbies are more inclined to lurk...I think they are more inclined to follow the thread for fish, rather than to learn how to fish. I see posts from beginners who have taken a position after seeing it posted here wanting to know what he should do with his trade. Had no plan for why he/she got in other than that one of us bought it, had no plan for when to exit, maybe went in for 1000 shares in a 20,000 account for a daytrade, what now? To us the position may have represented a very small part of our trading account, and some of us are willing to ride it down 50% and let it come back, but meanwhile the newbie may be losing his shirt. Hell, we've had posts from people with money on the line that don't yet know that you can open more than one browser at a time. isn't real time. Sometimes it takes the servers a good thirty seconds to load a page, at least once a day it squids the post you write, on bad days it's useless, we complain about it all the time. I've come to think that a well moderated chatroom or ICQ is a much better technology to employ if your purpose is to communicate in real time.
