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To: wmwmw who wrote (1538)	12/6/1997 11:14:00 AM
From: TFF	Read Replies (1) \| Respond to of 12617

Wang..........Best of luck!

To: wmwmw who wrote (1538)	12/6/1997 12:50:00 PM
From: Robert Graham	Read Replies (3) \| Respond to of 12617

*Off Topic* The exchanges I have seen on SI, and sometimes on threads here like this one, has reminded me of the kind of individuals that can be found here on SI. There are many knowledgeable, and generous people here. This is in the tradition of the Internet and what makes the Internet work. Unfortunately, SI also seems to have its share of very mean-spirited, invalidating individuals, and many of them even narcisisstic. But I doubt if many of them are successful at what they do in the market. Of course, not to say Wang Wei is the latter, but I will leave it open for the rest of you here to determine how much if at all he is described by the former of my statements here. Also, I find that the above two observation of mine go together much of the time. After one month interacting with others here at SI, I thought I was a "piker" with my 35% return per year of longer term investments of 6 to 9 months. I also thought my first foray into option trading back several months ago was a failure, since less than half of my picks worked for me. But I still made money by knowing when to get in and out of the option. I still was ahead by a non-trivial amount. And this includes successfully finding ways to get reliable fills on my limit orders due to MM pursuing their own agenda in the illiquid options market. Since then, even though I have allot to learn about the various aspects of the markets, I found out that I did not do so bad. It is just that there is allot of talk here on SI. Reminds me of the "pump and dump" shops that I have heard about. Nothing really behind what was said. Just the interest of the few (one in my example) in conflict with the interest of the many here at SI. And I do not think this is what SI is about. There is one element I find in common with all of these invalidating people on SI, posing themselves as "expert" at the cost of others who some if not many are even more knowledgeable and experienced than they are. They have a tennuous connection with what occurs around them. For instance, they do not stop and observe and think of all the different types of people who participate in SI. I am talking about financial analysts, fund managers, market makers, desk traders, brokers, newsletter authors, CEOs of companies, and so on. There is an incredible experience level that many represent here on SI, and many of these individuals are here to contribute as much or more than they take away with them. So there are many experienced and knowledgeable people watching their behavior in how they handle themselves, and perhaps that number is in the thousands. But this sort of person goes on with their game and at the same time not understanding how they are coming across to all the other people who are reading their posts. But they feel good having validated themselves at the expense of someone else. This is their not so hidden agenda, even though it actually may be hidden to themselves. It is as though these people are living in a room which isolates them from the rest of the world. But they continue to "act out" instead of opening the door and walking out to where the rest of the world is, to see and meet with their audience. I am shure what they would see would surprise them and even alter their behaviour. I am shure they would behave differently if all of these people were in the audience in an auditorium, and they were on stage to see their audience looking back at them; for them to know who their audience is and for them to know that their audience knows who they are. But then I suspect this is what they want to avoid, and a part of them understands this. So they keep their eyelids shut as they walk through their life. And the Internet makes this allot easier for them to do by allowing them and their audience to be faceless. Amazing that this can happen! This is very unfortunate. For I beleive everybody here , including them, can be that generous person I talked about earlier who has worthehil contributions to make. So I encourage everyone to participate in this thread, both the experienced and the inexperienced alike. I also request that those lurkers out there participate too. You out there know who I am talking about. ;) I suggest that you will get out of this experience as much if not more that what you put into it. Questions contribute ss much as the answers do, and can be considered more important because without questions you do not have answers. And of course, I know this sometimes does not feel to be true, but there are no such things are "stupid" questions, except perhaps to those individuals that I have talked about who invalidate others. But I believe there are some of us here that can take care of them for you! :) Bob Graham

To: wmwmw who wrote (1538)	12/6/1997 3:12:00 PM
From: Don Green	Read Replies (3) \| Respond to of 12617

Steve and Don are good, but not the best in SI. Gee, I don't know how to take that???? I wouldn't consider SI a hot bed for heavy hands of finance... As I have stated before..The stock market has become a mania, this will lead to disaster, as long as expectations remain so high... Too many people read a few books, watch and read about a FEW people who have made it and then dream of quiting their job, and becoming a trader... Be careful...! The more your read about these small trading companies providing courses and office trading terminals..The more I worry.. Can anyone here, tell us about the pros or cons of these trading courses... I recently visited one in my area, and listened to the sales pitch, and looked thru the window at 50 people sitting at computer terminals watching quotes and charts being updated every second, and you could see the same thing in their eyes, you see if you have ever visited a slot machine area in a casino.. I can hardly wait UNTIL I get that jackpot.. Many of the people looked like they stopped by on their lunch hour to trade for a few mins.. Based on what they learned from their $3000, two week course, Trading to Riches...! I worry!, I have invested 30 years of my life, and have made EVERY mistake, and learned the hard way.. No MBA, no inherited wealth to play with, just a love of the market.. As you might have realized Demographics and Retirement concerns are the driving force in ths market.. The biggest danger is the total lack of experience by all levels of the financial community to handle a major crash... Steve, how old are you and how long have you been actively investing in this market? The market has moved almost straight up since mid 1982... Making money in this enviorment hasn't been a big challenge. How these market wizards do in flat or bear markets will prove if they have any ability... It will happen, and many lives will be ruined. Of course most people today can't imagine this.. It is like when you were a child and you father told you to be careful, but you thought what does he know.. Then one day you get burned.. Then Dad suddenly becomes such a wise man... Well, I am only 43 but I have been around this market since 1966, and I KNOW it will happen So you BE Careful... Regards and Goodbye... Don Green Bellevue Wa. Returning to the world of lurking!!!

To: wmwmw who wrote (1538)	12/6/1997 3:50:00 PM
From: 1stSunRay	Read Replies (1) \| Respond to of 12617

Wang please be patient, we're just learning here, like you also did: Subject 17096 " Started By: +Wang Wei Date: Sep 20 1997 1:36PM EST Replies: 18 Very soon I will be able to trade all day for every day. I create this thread to put down all my trading activities right after I make my trades. My method is mainly technical, but I try to improve in fundamentals. My purpose is to make money as quick as possible and learn more from the stocks. I welcome anyone to discuss any topics in this thread. " Let's see the good part: the willingness to share knowledge, to discuss our choices/mistakes in a generous and supportive environment. Special Thanks to Irby, Steve, Don and all participants ! Best Regards, 1stSunRay PS: Believe me, to be the best in SI/world but very selfish is only negative karma who will hit you back sooner or later ...