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To: Teresa Lo who wrote (276)	10/4/2000 12:33:53 PM
From: Ian McGuire	Read Replies (2) \| Respond to of 8925

"trading is the biggest snore in the world" Isn't that the truth!..I made mention earlier of someone trading with me ...she had almost lost her entire trading account in a trading shop where they had tried to turn her into a soes bandit..(jeez)...it took her quite a while to accept the fact that the large part of my day is sitting patiently waiting to pounce on set ups...i now can out-stare the cat...<g>....ian

To: Teresa Lo who wrote (276)	10/4/2000 3:28:04 PM
From: Patrick Slevin	Read Replies (2) \| Respond to of 8925

<I thought you were talking about life!> No, not at all. My parents were rather poor immigrants and I retired from actively working 9 and a half years ago. So Life has treated me fine, I have no complaints. I prefer markets that snore, to be honest. I think I was up a hundred and fifteen SP points on October 28th, in 97, after the market dove like an anchor. I was more concerned about a sharp reversal than elated over paper gains. Sure enough, within the hour there was a reversal up so powerful that it was stunning. Absolutely incredible. The Market had run down from 966 to 844 to 932 in three days. It may not sound like much action, but being Short then scrambling to get clean was all the excitement I wanted for one year. The business can stay as boring as watching paint dry as far as I am concerned. Imagine if someone had been Long and reversed in the middle of that? We are talking "one minute you are on top of the world, next your kids aren't going to Harvard and they are repossessing the Bentley" sort of stuff. I exited a Long Bond position at 98^06 this morning and reversed Short at 98^08; it closed at 97^26. That's my speed, I have no problem with that kinda stuff whatsoever. They can give me $400, $500 a contract every day of the week and bore the daylights out of me.