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 : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Joseph Beltran who wrote (35134)	5/24/2000 10:28:00 AM
From: pater tenebrarum	Respond to of 42523

that partly explains why volume has dried up so much. many were simply wiped out, and many decided to call it quits.

To: Joseph Beltran who wrote (35134)	5/24/2000 10:29:00 AM
From: Cynic 2005	Respond to of 42523

He is a class act. Very good note he wrote. ----------- Farewell & Best of Luck to All of You! Post rated (max 5) By Altogen (rating 3.20) on 19:15 05.23.00 \| Read 380 times \| Post 11701 After pondering the decision for quite some time, I have officially liquidated all my positions and decided to retire from trading. Certainly, by no means was this an easy decision. I have been short-term trading for 2 years. And probably like everyone here, the market has become too big a part of my life. It's taken an enormous toll on my health, personal life, career, etc. It's just not worth it, especially when Uncle Sam takes out their 40% cut (if your in a high tax bracket like me). Without a doubt, the market has to be the most negative and unproductive hobby I have ever ventured in to. The funny thing is that you would think that you would get better and better at it as you gained more experience. I will indeed say I have learned an incredible amount in my 2 years of trading, and have seen my fair share of the crazy things that drive this market. But the only real obvious conclusion I can draw is that the only way to really make an easy money in this market is when it goes straight up for three months. (Nov,Dec,Jan in 1998 & 1999). A flat, range-bound or downward market spells doom for a trader. The good news is that I am walking away only having lost most of my gains and not any of the original investment. But I feel if I had stayed any longer in this game, it would be only a matter of time before it would all go to money heaven. I walk away with 3 key lessons: 1) No matter how much money you make in the market, its never enough. 2) At some point or another, you will ultimately lose your gains because of point #1. 3) The only way to win is not to play (Joshua from WarGames) As a final farewell, I wish the MM team and everyone in this community all the best! I really enjoyed this site and the intelligent conversation that took place here. Regards, Mike