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<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>William F. Nakielski <<A
href="mailto:frt1000@xxxxxxxxxx";>frt1000@xxxxxxxxxx</A>><BR><B>To: </B><A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A> <<A
href="mailto:metastock@xxxxxxxxxxxxx";>metastock@xxxxxxxxxxxxx</A>><BR><B>Date:
</B>Saturday, November 07, 1998 10:24 AM<BR><B>Subject: </B>Re: NWAC, KEA and
AMAT<BR><BR></DIV></FONT>
<DIV><FONT color=#000000 size=2>Couldn't agree more. I believe it took a
lot of courage for Harley to publish that piece. How many of us would be
willing to admit to mistakes like that. I for one hope his account turns
around very soon. I can truthfully say "Been there, Done
that". Only thing is at the time I didn't have the guts to admit it
publicly.</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>---------------------------------------------</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV></DIV>
<DIV><FONT face=Arial size=2>Courage? Admit a mistake? That's not the way I read
it! </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Instead of dealing with his setback pro-actively
he's decided to hide from it by playing Mr. Mom. He whines he can't do anything
because he doesn't have any buying power. Ridiculous! Trading courage is taking
the loss when the market has proven you wrong. If he could only admit that, then
he'd bring in his shorts, get his buying power back, learn from his mistakes,
put the loss behind him, and move on to the next trade. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Unfortunatley, Harley still thinks he's right
despite having his head handed to him daily for almost a month now. Worse, he
still would like to short more though we are heading into what are traditionally
the strongest months of the year for the market. "If only he could
</FONT><FONT color=#000000 face=Arial size=2>get a correction," he
moans........Sorry Harley, but we just rotated out of a big one. Next one ain't
due untill next summer. </FONT><FONT face=Arial size=2>Hubris in the midst of
failure is a stupid and expensive loser's habit. It's a characteristic of the
"rogue trader" that has destroyed great firms, caused financial
panics, and cost otherwise intelligent people their careers. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Only a few weeks ago Harley was waxing on about
"booking profits" of 3/8ths of a point on 100 share trades. Even
speculated that trading could be his life's calling. So here was pulling the
trigger as fast as he could to "book profits" on tinies yet now he's
willing to take 6 point losses. Letting even 1 bad trade wreck months of
acculated profits is stupid and inexcusable. Harley has 3. To freeze and do
nothing while the losses mount..........sorry, he needs people to slap him, not
to commiserate. I wonder if his wife even knows?</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Unlike Jim Green's [I'm calling him "the
Swami" now. C'mon, I mean Iomega, how'd he know?] trading posts, the
only thing of value a trading beginner can take away from Harley's post's ON HIS
TRADING is how a complete lack of a sound trading strategy and money management
plan can lead to disaster. He may be a beginner too, but the info and advise
available to him over the last year in this forum should have him much further
along the learning curve than he demonstrates in his posts.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>As one who's managed to survive 12 years and even
make nice living at this, I felt the pathetic tone of his last post alarming.
I've heard the same words from many others who have ended up needlessly
destroying their families financial well-being. My intention is to be harsh and
humiliate him into taking action before it is too late. My words spring from
heartfelt concern, not meanspirited-ness. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>So Harley, please, please get out of the market,
get your thinking straight, decide if trading is reeealllly what you want, then
put in the effort to formulate sound, backtested <FONT color=#000000>trading
</FONT>and money management strategies consistent with your account size. More
importantly and much harder to do, you need to develop the trading habits of a
winner, not a loser.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Good luck,</FONT></DIV>
<DIV><FONT face=Arial size=2>Rick</FONT></DIV>
<DIV><FONT face=Arial size=2>Tokyo, Japan</FONT></DIV>
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</x-html>From ???@??? Fri Nov 06 23:58:41 1998
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From: "Al Taglavore" <altag@xxxxxxxxxx>
To: "MetaStock List Group" <metastock@xxxxxxxxxxxxx>
Subject: NWAC,KEA and AMAT
Date: Sat, 7 Nov 1998 01:12:57 -0600
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Only two comments:
1. There is no one that KNOWS what the next price tick will be.
2. There is no sin in being wrong. The sin is in staying wrong.
Al Taglavore
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