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

To: HighTech who wrote (22990)	8/2/1998 4:41:00 PM
From: Temple Williams	Respond to of 94695

My members use the site in all kinds of ways. The ones who try to piggyback my trades will eventually lose. They always do. The purpose of the site is to teach people to fish, not to show them how to steal someone else's catch. There are a lot of traders who do better than I do. They have used the site to add to their own trading intelligence. Members use it for trading index options (usually OEX ... the most liquid), e-minis, obviously the Spoos (which I trade), even some of the European exchanges (about 10% of the 300 members are from outside the States). For me personally, the site has been a great lesson in humility and self-improvement as a trader. Virtually all my trades are announced in advance. I have no place to hide. When I screw up, everyone sees it. When I do well, everyone sees it. The purpose of the site, however, is to explain how, why, when and what I felt as I was making the trade. And, of course, there are the roadmaps at the site for the next day's trading ... a "most likely," and a "next-most-likely" series of market projections ranging up from the 2-min, to the 6-min, 18-min, 50-min, 2.5-hour, daily, weekly and monthly. Plus a lot of entry and exit strategies and other stuff like that. But to answer your original question ... piggyback trading is dumb because you don't learn anything. The benefit of the site, like this one, is knowledge. Hope this answers your question.