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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (7133)	11/30/1997 12:44:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 12039

Thanks Chris. And very recently I have been lurking on the "Stock Attack" thread. I see David Cook and his abilities to pick small cap stocks just before they take off is alive and well. That guy is one of the more serious and thorough investors I have seen here at SI. Even calls the execs at a company with his list of questions. I think if more people were to take their investing as a serious undertaking, and were willing to spend the time to find out what they need to know in order o make informed investment decisions, many would find themselves much more successful than they are now. But very few want to spend significant amounts of time and energy to learn, and go through a learning curve that can be at times painful to one's wallet. One reason I say this is because IMO in the end, paper trading is not worth the paper it is written on. Sure, paper trading is an important step in the learning process. But in the end, it will not make the difference between successful and failed actual trades. This is because people behave differently when they have to execute a trade with their money on the line. Risk management becomes much more meaningful in this context. It is more difficult to "forget" the failed trades which are very important to learn from. And actual trades provides a strong motivation to learning proper money management techniques. Bob Graham