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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderMERL who wrote (11923)2/18/2001 2:34:04 AM
From: David N. Jones  Read Replies (1) | Respond to of 18137
 
Message 15369942

Message 15367449



To: TraderMERL who wrote (11923)2/18/2001 11:56:20 AM
From: TheStockStalker  Read Replies (1) | Respond to of 18137
 
Success requires the ruthless trampling of honest people. Not only
does that take a large ego but severe disconnect from one's own ability to
feel. Nice guys finish last. Get used to it

I see what David was trying to say though I obviously disagree with it. BUT, I do not
agree at all with the nice guys finish last thing and all that textbook war jargon.
Those kind of comments usually come from people in their first year of full time trading.
I watch the nicest guys in the world pull millions out and it does not affect them.
Perhaps it applies more at a scalper level. But for my longer holding period I am
frequently buying from a scalper that made money and selling late in the day
to another one who may be flatting a trade. Ego is not something that needs to
be enhanced to trader better, it is something that in fact needs to be controlled.
Basically all I am saying is Nice Guys do not always Finish Last. But the unprepared
happy happy types always do and their is a difference...

PDT

I do think we agree about how silly it is to not be able to say "dumb money" though.
Cuz that is what it is.



To: TraderMERL who wrote (11923)6/14/2001 4:42:39 PM
From: 10K a day  Respond to of 18137
 
LOL



To: TraderMERL who wrote (11923)6/14/2001 5:05:47 PM
From: Shoot1st  Respond to of 18137
 
I've had success....I still have humility.....that's why I'll have success again.....

The "ruthless trampler" will have their depositions this summer...and when the civil trial is over and I've taken everything they have.....with humility.....

I will start the criminal process....

Missappropriation of Trade Secrets.......the tort of the day....

It's hard to be humble.....

SHootie


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