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

To: hypostomus who wrote (15156)	2/4/2002 5:58:59 PM
From: Raymond Duray	Read Replies (2) \| Respond to of 18137

Mike, Re: Everybody else probably has us on "ignore" by now. That, or ignoramus. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Re: A more cynical treatise on the market would be hard to find, amazon.com ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Re: Just because intelligence is not REQUIRED to be a good trader, doesn't mean it's a handicap. I nonconcur. The best traders in the open outcry auction markets tend to have not much more than a high school education and amazingly well tuned intuition into the fear and lust in a crowd. A suitable understanding of the "animal spirits" of the market is irreparably harmed by excessive education. OTOH, I'm reminded of a Ph.D. who provided a lot of entertainment value a while back. Neiderhoffer......... ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Re: TA - the reason I'm not a denizen of this thread is that I'm utterly bored by what you find fascinating. I know full well that watching the tape is crucial to a trader's success. I, OTOH, have no particular interest in trading, and basically find it to be an uneconomically useful form of gambling. Not that I don't understand the basic human fascination with the action of the casino. Just that it really isn't a true net benefit to overall economic activity. (Holy twisted, tormented prose, batman) I've been far more keen on the notion of fundamental analysis and stock picking, i.e. to find the raisin in the turd. It's been daunting lately. Not many raisins have made it through the Wall Street digestive tract to be available to a patzer these days. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Re: Thank you for your thoughtful correspondence. Oh no, kind sir, tis I who should be grateful.... BTW, you might enjoy getting a bit of background on what it is that interests me in the markets: Subject 32716 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ BTW, you mentioned Panglossian puerility. Reminds me of Voltaire's take on Jimi Hendrix main question in life: "Are You Experienced?" He said: "It is an infantile superstition of the human spirit that virginity would be thought a virtue and not the barrier that separates ignorance from knowledge." Kudos for sharing your experiences. <smile> Bon Chance, Ray

To: hypostomus who wrote (15156)	2/24/2002 7:07:18 PM
From: At_The_Ask	Read Replies (1) \| Respond to of 18137

A final note. I like the intellectual side of trading because I get pissed off at so many of the books I have read asserting that you have to be a jock, or a warrior, or a poker player, or a mystic, or born-to-the-business to be a successful trader. Just because intelligence is not REQUIRED to be a good trader, doesn't mean it's a handicap. Of course this hypothesis is yet to be proved! Me too. I don't want to see anymore pictures of guys doing martial arts in any trading adds. Truly maddening. Out of any of those things you describe experience, and a willingness to face the truth about yourself and what the markets are telling you are all you need.