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

To: Daniel Miller who wrote (3226)	2/25/1998 10:51:00 PM
From: Robert Graham	Read Replies (1) \| Respond to of 12617

Good, so we have developed an understanding that can promote further discussion on the important topic of making money in the stock market. While you are thinking about those other questions I gave you, how about thinking about another question. To you, what is the difference between speculation and investing in the stock market? Is speculating in the market the same to you as trading (short term market plays)? Let me provide more details. You know the skiing competitions where men and women race downhill and go over moguls and ski jumps? Some even are extreme skiers that go down the side of the mountain that was not groomed and set up to be used for skiing. Are these risk takers? Are they "speculators" in their respective activities where they are simply gambling with their lives? Or are they "investors" that place much time, effort, and study that pays off in little successes that can amount to larger successes in their efforts? Do you think that perhaps they would see and handle risk differently than for instance you and I would in our attempt to do the same things? Is their approach to risk along with their knowledge in handling that risk what makes them different from the rest of us and increases their chance of surviving their efforts and even succeeding in their goals? Accidents do happen, but maybe they are not the type of "gamblers" many think they are even though they are involved in sports that have a higher degree of risk. I think success in these areas is determined in part by how well the person understands themselves. I think it is important for you to understand your attitude and approach toward risk, including your own present limitations. This can separate the people who are looking for that greater and greater thrill from those who are out working toward specific goals and accomplishments. Bob Graham