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Strategies & Market Trends : LastShadow's Position Trading -- Ignore unavailable to you. Want to Upgrade?

To: Rick Faurot who wrote (9342)	2/28/1999 7:46:00 AM
From: LastShadow	Read Replies (4) \| Respond to of 43080

Trading for a living? You know, there is nothing wrong with that. But its not for me. I am much better at postion trading, as I can put the time I choose to into it, split that between managing the mutual funds and stocks, and have some fun along the way. Trading isn't terribly creative, and it really doesn't add anything to society (and don't get me started on aiding the valuation of equities - there are a lot more equitable ways to do that than the morass of traders provides). I'm not talking about the services part here - the good folks at Yamner are being creative and providing something of value to others. And I'm not talking about providing an income for one's family. But as an individual activity for oneself, the only reward for trading well is money. And there isn't a trader I know (correct me if I am wrong here gang) that if they made enough money trading, wouldn't be doing something else. Besides, this isn't what I do best. It isn't what fulfills me or motivates me or makes me feel as if I have added something to the world. Having an email dialog with a novice trader or someone trying to understand neural nets or learning to manage their 401k is worthwile and satisfying. Buying RDA at 32.875 and holding for the weekend, or calling EBAY at 37.5 or ONSL at 23 or PER at 35 just doesn't make anyone's life richer or better. It may put a few coins of the realm in mine or someone else's pocket for the day. But you know, if I could do it, I'd form a company with half a dozen of you as partners and run a hedge fund while providing some real value in the equitites market with some decednt honest analysis and without all the bologna. Well, ok, we wouldn't put Alien in charge of public relations, but he would be responsible for other important stuff... lastshadow