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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (25073)	4/8/1999 3:34:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 50167

GZ, Nicely said.... Inner truth is based on insight and preparedness. The ability to correctly perceive outer events develops from the ability to still one's mind. Do not rely on others for your sense of stability. Stability requires independence. The situation is not stable and you are tossed between emotional extremes. It is difficult to make any progress because there are too many obstacles. You will greatly increase your insight and have good fortune, if you associate with enlightened people rather than inferior people. Jeff ...isn't this a great thread!

To: GROUND ZERO™ who wrote (25073)	4/8/1999 3:55:00 PM
From: James Strauss	Read Replies (3) \| Respond to of 50167

If I may offer one prerequisite for successful trading, sure the investor needs to know the markets and the news that influences those markets, but most of all the investor needs to know himself and his limitations before he attempts to invest. Anyone can interpret the news and the markets, but it takes work to subdue one's own fear and one's own greed... this is where we fall..... Excellent advice GZ... Know Thyself should be investing rule #1... Jim

To: GROUND ZERO™ who wrote (25073)	4/8/1999 11:08:00 PM
From: IQBAL LATIF	Respond to of 50167

GZ.. Great observation <<If I may offer one prerequisite for successful trading, sure the investor needs to know the markets and the news that influences those markets, but most of all the investor needs to know himself and his limitations before he attempts to invest. Anyone can interpret the news and the markets, but it takes work to subdue one's own fear and one's own greed... this is where we fall.....>> In our cricket lingo or jargon we call this 'bowling within yourself or within your limitations'. Just last night we were discussing various successful strategies we have implemented Raj came out with a great reply, for him 'emotions and becoming bigger than market' was other problem he saw with the guys who made big and lost it all. Market likes humbleness and humility, the problems is that to be sure of a trade and change it 15 times in a day is not what trading is made of. This kind of trading is cooked recipe for whipsaw, using DOW as a standard for overall market is straight voodoism something which is only up 11% ytd whereas other sectors like NDX and DOT are up 18% and 78% and RUT down 5% clearly indicates to me that DOW is no more a yardstick, it is good for the 'yupppie' fund managers, but here we got to be much more sophisticated than that, the bassic ground rule of using DOW as a proxy is something which is strange, and top it off the futures are not a part of these guys strategy, without futures manipulation and supports adding on to them NDX the major mover of the market one cannot on DOW alone issue a reversal. This is shocking and disgraceful and I try my best to educate the threaders on the pitfalls of these strategies.