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Pastimes : Why teach if you can trade? -- Ignore unavailable to you. Want to Upgrade?

To: Smiling Bob who wrote (54)	1/5/2001 5:50:00 PM
From: CatLady	Respond to of 313

You are very right that few adjusted from bull to bear in a timely fashion. But I don't want excuses from those that didn't, nor will I make excuses for my own mistakes. Instead, I am determined to learn from those who did adjust and be better prepared myself for the next time around.

To: Smiling Bob who wrote (54)	1/6/2001 8:46:52 PM
From: milesofstyles	Respond to of 313

i'd havta disagree with some of the points about technical surprises, most was spelled out by the charts, imo. i put up this chart as its the one i've followed. all lines are there. thats just basics and easily understandable, imo. members.home.net use internet explorer to view it. if i had to choose the most difficult trading frame of the year, i'd say it was from early june to about july 10 for me. in april i attended a seminar, where afterward we were discussing the potential for the first crash, attendees of that seminar could attest to that, the lines served their purpose. the sept highs are also probably marked in chat logs as well. alot of other documentations could be dug up , on that link/website i tracked the mkt for a bit as well as many of the ndx components(i know the work that goes into the presentation firsthand, on a website). i post mostly on the 56 thread,one of which is very technically orientated. and there are seminars offered there, not by me. i will attest i learned alot from it and my personal studies. i still trade virtually alongside many of the people that contribute to the 56 thread in a chatroom.few people over there have been surprised this year at all. they are a great group. most i bleev over there made money in 2000. there's some chart posts on stan's thread. there's some analysis on sirrealist's website recently. i have chat logs that can be dug up... its not worth my time really, or to make this sound like a personal pump job i'm trying to make a living at this. i don't teach, but i probably would if i thought there was demand for it. thats less money that comes out of my trading account for living expenses, so what? hopefully i wouldn't ever need that money, but it would be a nice reward for the work that gets put in all nite, every nite.(i'll even give ya next month free if picks aren't successful)... will i get rich quick, highly unlikely, in most cases if someone got rich quick, i'm guessing it came with poor money mgmt that will allow them to give it back just as quickly.(i laugh my ass off every time i see that guy on one of those tv commercials say "since i took such and such trading course, i'm making 10pct a day"). people can live off the markets. will i be here next year? don't know. i'd like to think so. i do know if i'm not here, that the reason will likely not be a result of trading losses. i can confidentally say no one trade will ever wipe me out. nor will a string of losses cause excessive damage. i started with capital most people would laugh at. i was told i would fail by everyone i know. looking at starting capital issues is an important aspect of living off the mkts. as is what living expenses are. i rarely see this addressed. i survived this year. the way i look at it, its the worst year in history on nasdaq and i did ok. anyone that trades for a living and is still around at this point should be commended in my opinion. i have to know and recognize where the risks occur. only thru ta can i make short term assessments and money mgmt decisions. did i stay permabull for a while? maybe, but i also warned on threads of the changing dynamics of indicators as well. of course there were lessons to be learned and that was one of them. at one point i questioned it all. i dug and dug for a better way . the ta didn't fail. some people were just in denial.for me, its a risk mgmt tool. there's an old saying when buy signals fail, its a sell signal. that's a big hint in the changing dynamics of indicators.big key if yer wrong admit it. better damaged ego than account. guru's tend to have difficulty with failure. best way to judge one i think. thats still not even important if one chooses to follow one, its more a personal money mgmt thing that should get most attention. there were also some prior good points about understanding fully what is being done and why trades are initiated, the underlying analysis. a good trader will assess the risks, bottom line. therefore if you follow one, you should be given entries as well as exits. then you just have to apply your personal money mgmt techniques. alot of doh can be made when guru's are hot, but if money is managed properly, one should never be blamed for wiping you out either. milesov