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Simms-
So how may we less accomplished traders gleen any pearls of wisdom about
their trading
techniques or methods? Are they willing to share anything about their
trading systems? I can see
why this may not be the case with the hedge fund manager guy. I can also
understand what you state about not having an ego; so I was wondering why
does the other guy have a chat group?
chas
----- Original Message -----
From: <fsimms@xxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, December 17, 2002 10:28 AM
Subject: [RT] Re: Mentor: More Mental Game Than Otherwise
> I don't know any mentors like you are asking about, but I do know two
great
> traders. One has a chat group that he calls No Brain University (NBU).
He
> constantly makes millions of dollars a year. He only has a bad week a
couple
> of times a year or so. He probably has a 90+% win or b/e rate. He likes
to
> rant and will say things like that in 17 days the S&P will be down to 646.
He
> will be heavily short with many large contracts based partly on that
belief.
> An hour later he may be flat or long because of what he sees in the
market.
> He just follows the market and doesn't let his ego get in the way.
>
> Another trader is retired. He had a bond hedge fund that averaged 68% over
its
> lifetime. That was after he took his 20% fee off of the top. He
currently
> has two or three systems that all do well at times. He would just trade
the
> one that was working well. He would stop trading quickly any system that
> didn't win. I once saw him make 35 winning day trades in a row one week.
He
> said that when the systems work then you have to keep "ringing the cash
> register".
>
> Both traders would let the market tell them what to do. They had no ego.
Both
> also had patience and would only enter or exit a trade that was under
their own
> previously chosen rules.
>
>
>
>
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