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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Don Green who wrote (2278)	1/12/1998 1:00:00 AM
From: doniam	Respond to of 4969

Bye, Don and yes I am part of Steve's following and appreciate his contirbutions. Also, would consider his firm if looking for a change. Again, Bye -Don

To: Don Green who wrote (2278)	1/12/1998 1:20:00 AM
From: jkb	Respond to of 4969

We'll really miss you. <g>

To: Don Green who wrote (2278)	1/12/1998 7:08:00 AM
From: steve goldman	Read Replies (2) \| Respond to of 4969

Bye Don. Unfortunately every time someone has an issue with your strategies or philosophies on trading, you make into a personal argument. Out of a discussion about the appropriateness of leveraging an account 400%, you now are attacking my character, my firm and the efforts I have put into this thread, etc. Very nice Don. Big from in small pond? Absolutely. I hate NY. (nothing personal to those who live there, but why would I want to live in a concrete jungle where i takes an hour and half to commute 12 miles. Would you rather be in a smaller business where you can make a difference, where you have a stake in the company, where you make a great living and your firm has a market approach that you believe in, or would you rather make tons of money, spend 1/5 your waking hours in a car or bus, be at the beck and call of a supervisor and never have a real opportunity to gain equity in the company? For me, its an easy decision. As an "entrepenuer", "daytrader', Don, i am surprised you don't understand that. Big bucks? You are assuming that all someone is ever after in life is big bucks. You are also assuming that I don't make big bucks? But then what is big? Its a relative term. How about family? How about be willing to take $100,000 less in salary so that you can be home every evening at 8pm (after you et done at the gym) to get into bed with your wife and children. Don, I wish you the best...but instead of discussing whether I am with the right firm or not, we should have been discussing the appropriateness of doubling down, leveraging an account in a bad market. I remember a number of months ago, you stated you were going to leave the thread. I was glad you stayed as we seemed to learn to communicate better. Good luck. Steve@yamner.com

To: Don Green who wrote (2278)	1/12/1998 11:43:00 AM
From: F R Bachmann	Respond to of 4969

Don, If trading is like Blackjack in that there are Basic strategies which MUST be employed in order to win in the LONG RUN. (In a casino, win means lose no more than the house percentage) Anecdotal evidance that you WON BIG by splitting 10s or not splitting 8s does not mean that you are a good player. The sucessful outcome of a particular hand does not mean that you didn't make a mistake. Then again, if I was as good a Blackjack player as I think I am, I would live in Vegas.

To: Don Green who wrote (2278)	1/12/1998 2:24:00 PM
From: Scott Moore	Respond to of 4969

Wow what a stereotype! I could stereotype and say most brokers on Wallstreet are mushrooms like the boys at Block Trading say, but I won't. I have broker acquaintance that lives in Santa Barbara that makes a quite handsome living massaging 401k's for silver-spooners. His nickname is "Toad" and lives in a really big pad with a nice frog pond (ie. swimming pool). And I'll let him take me to lunch anytime he wants. Hey Toad are you out there, I know you've got my profile bookmarked.

To: Don Green who wrote (2278)	1/17/1998 8:08:00 AM
From: Bazmataz	Read Replies (1) \| Respond to of 4969

New to thread but thought I would put a general question out there: I've been getting more into trading/day trading recently and was wondering about other people's disciplines. MY discipline is to set stops at time of purchase and not change them for any reason. However, my stops vary based on number of dollars used for purchase and stock price. The relative percentage of each sets the stop. Would anyone out there care to share their discipline in terms of percentage gains/losses at which their stops are set? I'm always looking to learn from others who have been successful. My LT holdings traditionally have done about as well or slightly better than my ST holdings, but my personal trends have been improving. Anyone care to discuss? BC