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MARK.
this was an outstanding post.
it's true.
every word of it.
trader wanna-bees listen carefully.
rgds,
dan
-----Original Message-----
From: Mark Brown <markbrown@xxxxxxxxxxxxx>
To: realtraders@xxxxxxxxxxxxxxx <realtraders@xxxxxxxxxxxxxxx>
Date: Tuesday, December 07, 1999 12:15 PM
Subject: [RT] The Bright Side {01}
:Hello realtraders,
:
:Ok enough doom and gloom ! My personal belief is that if you are of
:the correct psychological makeup, work hard enough and are honest to
:yourself and others you can make it in the trading business "IF".
:
:You find someone who you can mentor under and some of their pieces of
:the puzzle fit with what your trading style ultimately winds up being.
:I think of a cabinet maker who works in the successful family business
:only knowing to do things the way his family taught him. He would
:profit much more if he had apprenticed at other cabinet shops which
:were equally as successful as his own family's cabinet shop. Gathering
:up knowledge from an outside world and bringing back home some few
:tricks which help help his own family's business in quality and
:production.
:
:My advice has always been to find someone who is honestly making a
:living trading and work for them, hang out or whatever. If that
:involves being a broker in the business fine, a researcher fine. Do
:whatever it takes to sacrifice on your part to learn the business with
:a long term commitment and not a short term lust for money. Learn the
:business and the money will come if you have the passion for it.
:
:Am I saying move to Chicago? No, you don't have to. Why? Because I'll
:bet somewhere close to you there is a trader plugging along making a
:living. He will most likely be the guy at some local user group who is
:quite and sets about three quarters towards the back of the room. I'm
:not making all this up I have studied it for years. He will be the guy
:who ask questions that other people including maybe the speaker. Also
:the question will be more risk related and not profit related. Other
:signs are that he will not be taking notes "WHY?" because he has heard
:it all before and could probably recite the speakers method from
:memory.
:
:He has seldom seen any new twist on the same old ideas. He will
:readily break down the method into several predefined categories such
:as fundamental or technical first. Then he will further narrow the
:categorization down to the same old basic kill file of topics which he
:has studied for years but made no money with. He will try and keep an
:open mind though searching and looking for that one small edge which
:may improve his own trading method.
:
:After the meetings when in a crowd he will most likely be the guy who
:will readily talk on any subject but not actually offer and real
:example of his own trading unless he really knows you well. It's at
:this stage when you may gain some hope that you have found the right
:person who you may contribute to your progression at becoming a
:trader.
:
:Look long, look hard - question everything! assume nothing!
:
:Mark
:
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