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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Wyätt Gwyön who wrote (83886)	5/1/2007 9:17:05 PM
From: chowder	Read Replies (1) \| Respond to of 206334

>>> if dabum3 really has a money machine, he could clean up as a HF manager <<< I've been offered the chance. Having spent most of my adult life in sales, I don't have the desire to deal with the retail public anymore. I do what I do and if it benefits others, then it's all good. If others want to ignore it, I could care less. I'm perfectly content helping the little guy that can't afford to pay for the lessons I have already taken. I've said it before, and I'll say it again ... I show most of my trades in advance of taking them (on the Strictly Buy and Sell Set Ups Thread) so others can see if the strategies I have learned from other technicians is successful or not. Those who have their doubts, ... do the same ... tell us in advance what you are doing so we can see if your strategies are any better. I'm open to that. I'm sure others who visit here would like to see what really works and what doesn't. We can provide a service to others. Then we won't have to depend on what is written in a book by somebody with an agenda. We'll have first hand knowledge of what works best and what doesn't.

To: Wyätt Gwyön who wrote (83886)	5/1/2007 9:51:35 PM
From: Cogito Ergo Sum	Read Replies (2) \| Respond to of 206334

FA / TA... pick your poison.. heck mix them up.. It's the risk mitigation and consistency most folks don't have. Most never will. That is why I think those that do have these qualities make money. An interesting item in the Way of the Turtle book is the histogram of losing trades to winning trades. Far more losing trades.. Always. The amount lost per losing trade however was remarkably small comparatively speaking. That made the profits. Dabum's methods speak for themselves on his thread. Day in day out anyone reading his thread has to GET THE BIT.. risk mitigation... capital preservation.. Funny I got the exact same thing out of one of your posts about the crude oil futures trading and how taking large risks was often counterproductive whereas the payout from consistent smaller risks was better.. Sounds a lot like two sides of the same coin to me.. Anyway, good stuff guys. AL