To: Atticus who wrote (13491 ) 2/17/1999 2:58:00 PM From: Dave Shoe Read Replies (1) | Respond to of 90042
Tim, I really appreciate your willingness to share your wisdom with us all. I'm not expecting to make money (without help) with my present level of experience, though I have been very lucky this past year. I do expect that the knowledge you (and others at SI) share, and the wisdom I am developing, will allow me to make profitable decisions as time moves on. Up until this month, I've only been able to make questionably-timed long decisions, and minute-by-minute momo transactions. I did not recognize MM strategies, and didn't have any feel for making position plays. I am now learning to look ahead a few days and weeks, without fear of those spooky chart jitters. I'm beginning to understand the motives behind the fluctuations. Most recently I've been watching Anthony, and realize his function has significant impact on my trades. (My favorite saying regarding stocks: "If I knew then what I know now"). I don't expect to get rich this year. I'm still not competent with the market in the way I am competent with my engineering profession. I do, however, expect to get rich in the coming decade. I am now applying the energy to trading that I have applied to gain my other scientific learnings. My philosophy is: If you work hard at electronic systems design, you get really good at designing circuits. If you work really hard at mechanical systems design, you get really good at making gizmos. If you work really hard at the stock market, you get really good at making money. It all takes time, however. You are helping me understand the process more quickly. Thanks. (This looks like it may end up being a good day for FORE.) Shoe.