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To: Electric who wrote (43585)	5/20/1998 1:54:00 AM
From: Patrick Slevin	Respond to of 58727

I keep forgetting about the Yahoo! site. The one time I went there I noticed only games that were for downloading. I'm headed downstairs to see a movie else I might be tempted to check again.....I did most of my morning work already, so I'll have time after I get the kids out of the house. My wife is leaving for somewhere fo a week on Thursday....sticking me with the little darlin's as they have 5 days off. I don't know where the heck she is going; N'Orleans, I think. Fortunately they are old enough to leave alone while I play golf, and the eldest can go caddy even when I'm back here. ~~~~~~~~~~ What do I do? I talk to youse guys. I am a paid employee of SI......I was hired 2 years ago as part of a plan to entice new members. I pretend it's easy to quit your day job and goof off all day. Seriously, I left a position in engineering management about 7 years ago, started a Ph.D program in Transportation with a CS minor....then threw that out the window in about 3 months because I really did not like going back to school. So I got a Series 7 license and went into NY to trade NASD at a desk. Anyway, now all I do, for the most part, is trade futures each day. Some guys, like Allan Harris and Tom, work less than I do. Allan just puts a position on each morning and off each afternoon after he takes a walk on the beach. Tom puts on a position and waits...sometimes days, sometimes over a week. My best routine is to put on a position or two each morning and get out well before lunch. I'm not following it these days because I have a sense that a major move will occur soon. Once that happens I can go back to scooting out of here ASAP. But I don't recommend just walking in and trading futures without First. Being aware of the risks. Second. Having sufficient capitalization. Third. A basic understanding of futures markets. Fourth. A daily plan that you adhere to. Fifth. An understanding with respect to what style suits you. >>>>>>For example, Tom is positional, I am a day trader. and "F". The ability to stay detached...at least most of the time...from emotional bias as to which way the market "has" to go. This will help in stress avoidance. There are certainly a lot of other items to mention. These just are off the top.

To: Electric who wrote (43585)	5/20/1998 2:09:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

By the way, to give you an idea of how disparate it can be to trade even for experienced futures traders, look at the results of this contest. tradecomp.com Walt Downs is an e-mail acquaintance of mine. He took second with a solid number for 3 months. But look at the guy in 10th. Evidently, there were a lot of losers that quarter...possibly people long S&Ps. For more info on trading futures, this is their main page. tradecomp.com

To: Electric who wrote (43585)	5/20/1998 8:16:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 58727

Spinning out of control. A new tune by BMI. It appears G-4 is not sending data properly, which affects sat users and some broadcast news. It's hard to tell, but somehow the cable data seems okay....so perhaps Eastern FM and cable users will survive. But anyone with a BMI/DTN sat feed may be a bit upset today. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Electric, Woke up late....had less time to check out the site at Yahoo! but when I did I remembered why I only went there once. Memory locked up on me after loading a chess game then loading the help file. Will try again in a bit.