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Non-Tech : Meet Gene, a NASDAQ Market Maker -- Ignore unavailable to you. Want to Upgrade?

To: gene_the_mm who wrote (1154)	10/11/2000 9:01:13 PM
From: Threei	Read Replies (1) \| Respond to of 1426

This goes back to our discussion on RB about personal responsibility and how rare it is in modern times. Let me quote training session I was holding today on RealityTrader. We live in society that has some protecting structures in all aspects. There is nothing like that in stock market. Nothing will stop you from self-destroying. In this situation, you have to count on yourself only. You have to assume absolute responsibility for everything that happens to your account. Nobody and nothing is there to blame. You are the one who makes final decision and pushes the button. It's tough to think like this, and it takes guts... because you have to step out of comfort zone "It's not my fault, there is nothing I could do about it" to comfortless "I can do it and I am going to take responsibility for result". Plenty of people prefer to stay in comfort zone - "it's someone's fault, some evil intentions or unmanageable forces hurt me". And sometimes they might even be right. But guess what? It doesn't help! You have to make your choice: what is it that you want comfort or result? You want result - fine, take the responsibility. If someone is to blame - you will never learn. How could you if you did everything right and still lost? Your trading becomes just gambling: either those higher powers cut in and ruined your trade, or they didn't. In any case, result depends on something else, so why to learn? "I lost connection", "Darn GSCO MM", "INCA killed me, it should be made illegal to hold stock like this", "Software got frozen on me", "News wasn't fresh", "Call was not good" those are variables of the same "It's not my fault". And BTW, Alex... I am absolutely sure NITE is not the one stealing socks... I know for sure it's HRZG. NITE is specializing in slippers. Vadym