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To: Don Green who wrote (1989)	12/19/1997 10:17:00 PM
From: Steve LaRiviere	Respond to of 12617

Don, Very wise words. There is no substitute for hard work, starting slowly and learning from every action you do, good or bad. That's what I'm doing, and I hope to make a living at this some day. As a relatively new trader, I find it's very easy to get swamped in information overload. I think the most important thing for me to learn right now is how to think on my own, and not to believe every "expert" out there. It seems there are too many "experts" to keep track of, and alot of them disagree quite often. Regards, Steve

To: Don Green who wrote (1989)	12/20/1997 10:22:00 AM
From: steve goldman	Respond to of 12617

Don, I respect your experience but I simply don't agree with your approach to trading. I do not agree that there can be such a thing as information overload. Overload is only a function of the processor handling the data. Data analyzed produces patterns, which tend to prove themselves again and again. Hence, the potential validity of technical analysis. I do not agree with trading a 50k account and taking home big lots, 140% leveraged in two exceptional volatile, poorly performing stocks. I do not agree with doubling down and extending yourself way beyond your original 50k account. Yet, I do, absolutely wish you the best of luck and I hope that you get out of the positions profitably. I just think that if you do get out that nooone on these threads, especially yourself, take this as "skill" something that you can depend on. How many times have you seen good stocks go from 50 to 15 or 28 to 12. Sure if you have a couple hundred shares long term, no problem. It is expected. If you were a professional trader, you would be one downturn, downdraft away from going home and telling your wife you just lostyour job. I known traders on the street that had this happen and then they were gone. Who knows where they are now. As it stands, you are one day away from having to tell your wife that you desimated the 50k account to zero. This is not trading, that is gambling. I think there is a distinction. Traders understand risk/reward and definately employ techniques to hedge and minimze risk. But totally leveraged, double downed, its like doubling down in black jack. YOu have no idea the dealer with her 9 won't pull an ace and beat your 18. Don, in all sincerity, I wish you the best. More importantly, best wishes for a great holiday season to your and your family andmay you have a super 1998! Best wishes, Steve@yamner.com