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: Robert Graham who wrote (2301)	1/10/1998 11:43:00 AM
From: Robert Graham	Read Replies (1) \| Respond to of 12617

(Continuation here due to close of 15 minute posting window) I guess there are some traders attracted to day trading like some people are to flames and fire. It is the excitement of juggling a fire stick without getting burnt that excites them, and making money at it is an additional attraction. This reminds me of flying ultralights. This light-winged aircraft that is currently made is well-engineered and sound. It is the many of the pilots of the ultralight that I have found to be the "component" of the craft that is not sound. Many "free spirited" types are attracted to this hobby because of the sense of freedome it gives them in their attempts to rerecreate for themselves the barnstorming days of air flight. They take many unnecissary risks in their flying of ultralights. Many if not most of this type of individual, which makes up a substantial number of ultralight fliers that I have met, exit this hobby due to one too many close calls. The "free spirited" and undiscaplined types who stay in this activity anyway despite their close enounters with death do end up dying. I have met pilots that eventually killed themselves off due to their recklessness and ended up as a statistic with their picture in the newspaper. You know what their family ends up saying? That "John" was a very careful and experienced pilot, and that the problems was with the ultralight. I am sure this is what "John" told himself and others he talked to. They do not say that "John" was flying an old version of the ultralight that he knew has a well-documented problem that allowed the wing to fracture in flight. There was even a fix put out for this before the manufacturer went out of business. What was "John" doing with this plane when the wing fractured? He was doing aerobatics: hammer head stalls, rolls, and other tricks for his audience on the ground. Or another "John" was inspired to fly low like a barnstormer close to the ground following a small river lined with trees providing him with no forward visibility. He ends up running into power lines. Yet another pilot wanted to get into steep dives, so he "modified" his craft by placing many weights used for physical exersize out at the front of the craft for those really steep dives. One day came where he could not get out of one of his steep dives. However, the pilots that are well-trained, discaplined, and are there not simply to be "dare devils" do survive to retirement having flown several thousand hours successfully over a period of 10 years or more and live to tell stories about their experiences. At least with the stock market, it is just money, right? It constantly amazes me how many traders are willing to put their money and profits at unnecissary risks by not sticking to their system and their plan for the trade. I bet if many were asked about their system and plan, they would either look at you in a peculiar way or say: "I have a plan. It is to make money". And they keep doing it until they get burned. And then what amazes me is then they go back in to trading as though nothing has happened since after all that time they lost a major part of their trading capital they were just "unlucky". This is how they ned up feeling despite their intellectualizations that may follow their disaster. Fortunately this type of "dare devil" trader is not handling my money. But then you know that adage about people and their money. Sort of like people and their ultralights. Bob Graham