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To: Jerry Olson who wrote (1686)	10/15/2000 7:17:30 PM
From: Susan G	Read Replies (2) \| Respond to of 8046

If there had been real time trading rooms when I started trading, I probably would be a rich woman now <g> as the education and hand holding I desperately needed and was unable to get on SI! So I had to learn the hard way. But I also believe a saying that has been used in one way or another by many, that the only way to become a great trader is to lose money and to learn from those lessons - those demons that cause you to enter losing trades. Once you conquer those demons, you move onto another level of trading. I'm still slamming the door on mine regularly lest they escape <gg> I don't think anyone can become a great trader until they know how it feels to really lose - whether it is $1000 or $100,000 that brings them to their knees, the emotions and the lessons learned are the same.

To: Jerry Olson who wrote (1686)	10/15/2000 7:47:52 PM
From: nokomis	Read Replies (2) \| Respond to of 8046

OJ- did you read every word on his website?...I did and so that's why I'm very respectful of it ...because the guy DOESN'T trade these markets on technicals...in fact he clearly states that technical trading had its rightful place at one time, but not anymore... And he trades consistently well, using his strategy READ the tape and then TRADE (RT). That has got to be the way one plays these markets to profit, IMO. Having said that I believe (as he does) that RT must be THE foundation for executing a trade, first and foremost. The tape is 'what's happening, when it's happening'. Technicals play a part in identifying stocks perhaps ready to move but don't (have many stocks on my personal watchlists that are "ready" technically and "should" move any time now <g> then take days/ weeks to make a strong enough move from which I can profit. Even 5 min. charts lie these days more than they used to.