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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: Vitas who wrote (19958)6/7/1998 4:33:00 PM
From: Temple Williams  Read Replies (2) | Respond to of 94695
 
Hi Vitas ... I knew you'd get around to me sooner or later :o)

I do not make any decisions for others, of any sort, at any time. Ever. I am not an advisor.

What I DO do is show, in advance, my trading setups, and (at the sub site) the actual real time action. The page has an auto update every 3 minutes. I can't hide any of my trades. I set them up (well in advance ... from days to 10 minutes or so). I show people "the life of a trader" ... warts and all. I show my mistakes as well as what I did right. My credentials? I am a financial journalist, nominated for the Pulitzer Prize in 1965, a writer, a webmaster, an ex-editor of The Reader's Digest ... and a trader. I do not handle anyone else's money. I did back in the 70's, but now I trade my own account only.

In my opinion, my site performs a useful function ... for me as well as my subscribers. My advance planning must be superior. My execution and use of stops must be superior. My discipline must be superior. I can't "fake" a trade in real time by altering it after-the-fact.

This is not an ego trip ... because when I blow it, I blow it in front of everyone. But I also limit my mistakes to small losses. I believe I perform a useful service. I show people how to do it right, and, yes, I show them how to do it wrong. I get a lot of positive feedback that supports the value of the site. And I also get hate mail occasionally from people I hope I never meet :o)

Most important (for me) ... I am an increasingly better trader BECAUSE of the site. And this is the real reason I do it. I don't think you can hang it all out there the way I do, in advance, every trading day ... and not either (a) die, or (b) get pretty good at it.

But I never tell people what to do. Ever. Everyone lives and dies by their own sword in the serious business of trading. Which you obviously know.

Temple
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