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.

Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (1575)	12/7/1997 5:28:00 AM
From: Jenna	Read Replies (1) \| Respond to of 12617

Don.. I never said I was not a successful daytrader..Nor have I made a statement that I "started when I was 12".. I guess since my son watches me on the computer from time to time and he is 12, he can say he's started as well. I said that I lost money after the October crash.. I've since made it back and then some. It would be ridiculous for one who is NOT successful to try this. It's just that success is measured only until December 7, 1997 and not a day longer. A physician, if he has a good reputation, nice office, good clientele, you can safely beassumed he will make a living past December 7, 1997. A trader has no such guarantees. I have a long-term portfolio that I pad with gains as a daytrader and short term position trader. My picks have been documented, and easily confirmed. I do not chose this forum for self-aggrandizment or promotion. I've just made a statement and I can proceed as I desire without giving any on-line resumes. and If I did 'retired-young' I would not know to put that under "experience" or "education" or "objectives" or possibly under "hype"? I do have a thread on SI that has been active since March 1997 and that speaks for itself. exchange2000.com

To: Don Green who wrote (1575)	12/7/1997 11:30:00 AM
From: Robert Graham	Read Replies (2) \| Respond to of 12617

Jenna, a good stock picker will be able to make those fees they charge meaningless. And charging a "nominal" fee at that?? Sure there are people like Wade Cook that have made most of their money this way in seminars. This is not a good testiment to their skill, or integrity for that matter. But there are also others perhaps the Coopers or the Trader Vics or the Barry Haigh's who already have a large chunk of change in the bank. They write the books, offer their service, and give their seminars because it is something else to do with themslves. I honestly do not mean to come across rude, but it sound like you are a poor market timer even though you may be a very good stock picker. Both are required to succeed. So instead of spending the time setting up amd maintaining a web site for you to make money charging for your picks, why not now spend your time learning market timing. Market timing requires allot of experience. By then you will have more experience, and more successful picks. This is because you can come up with the best picks in the world, but without timing your rentry and exit correctly, including the important element of market timing, the people paying for your picks will end up not making any money or losing the money they do make and more. I personally would not want that responsability, particularily knowing I am not anything short of being very, very good at what I do. IMO it is a shared responsability between the stock picker and the one who takes those picks and invests/trades their money on them. To move from losing allot of $$ in options to setting yourself up as a stock news service is psychologically quite a bold step, even though I do understand the two are not really the same. To me it sounds like you are still "thrown" over what went wrong for you, and this may be how you are dealing with it. I know this is possible since I have handled failures like this before: going from a difficult to grasp realization that I am not as good as I think to thinking that I have "expert" status. One thing that helped me think this is that there were many people not good at what they did even though they were claiming themselves to be the expert. I knew I could be much better than they were. This happened to me earlier in my carreer as a software engineer. What also helped me approach my failure in this way was that I knew I was "good", but as it turned out, this was only true in some areas. I still needed to develop more overall experience and also sklls in other related areas before I can be good. Heck, we are all human beings, Jenna. And you are definitely one of the nicer human beings that I have come across. So no offense intended here. But you are just a human being. Many I have seen doing well in this strong bull market, but I suspect these same people will not be able to handle at this time anything else but a market in a strong bull run. This is because they have not experienced trading in anything other than a bull run, so they did not have a chance to learn to trade in any other market. And IMO this is where allot of them will get washed out. Even stock picking, your apparent forte, will become much more difficult. So I do think quitting you job was a bit premature. I also suggest waiting until you have "proven" you skill by being very sucessful by having a few million in the bank. If you are very good, this should not be that much of a problem even though it will take some time. At least then you can offer your service and keep your integrity intact. And you do look like the person who would want to keep her integrity intact. If you decide to pursue this anyway, at least look up the applicable federal and state regulations related to offering such a service. Bob Graham