Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : The thread of life -- Ignore unavailable to you. Want to Upgrade?

To: zeta1961 who wrote (1141)	9/18/2006 11:53:57 AM
From: Mike McFarland	Respond to of 1336

over and out, gotta get to work. I will do a poker post later (following up on our PM discussion) you'll see. (edit) Hi Tom, sorry to be signing off just as you arrived.

To: zeta1961 who wrote (1141)	9/19/2006 7:13:46 PM
From: Mike McFarland	Read Replies (1) \| Respond to of 1336

So, I never got back to you on why trading stocks is like poker--and I think in the meantime I lost most of what I was thinking about at the time. It probably boiled down to the times when you suspect you know something, and you think everybody else is thinking the same thing--but nobody wants to stick their neck out and put in on paper. Or you do a trade--but it goes against you, only you see it done later at a better price. I don't trade anymore, just on paper, but I always feel like there is always going to be a better price, a better trade. Anyway, here's my advice for the day, get a little notebook and start paper trading. Not hour by hour day by day trades, buy something once a month maybe and see how you do over six months. Don't share these trades with anybody! And be sure they're honest trades--enter the order then cancel and pretend, see if you feel serious. We can compare notes in a year and see how we did.