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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: Threei who wrote (575)	5/10/2001 1:05:46 AM
From: Apakhabar	Read Replies (2) \| Respond to of 867

Believe it or not I had started --my daughter abruptly ended it :) --a post last night with the very same quote by Seykota. It's tied for my favorite quote in the whole book with "Win or lose, everybody gets what they want out of the market." But, respectfully, I think you misunderstood one part of what Seykota said. I do not believe Seykota means that winning traders have, as you say, "the ability to adopt a winning attitude, to change themselves..." Seykota says elsewhere that winning traders have typically been winners for years in previous fields. He likens the reason that most traders fail to nature not allowing most baby turtles to reach maturity. In short, I believe he is saying that the winning attitude is always there. It's already a characteristic of winning traders even before they become profitable. You can infer from Seykota that sorting out the winners from the losers is not a product of who works the hardest, studies the most, and has the most determination. Rather, it is the work of natural selection. So the transformation Seykota refers to is only from losing money to making money. It's not about changing oneself. Douglas talks about that, but not Seykota.