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Well said, I agree.
A comment on Metastock list.
> ...Logic would say
> that it would focus on the software and how to use it...
This is what logic says, but ... as you noted earlier, we are what we are,
and the list as it is now, is a CLUB of those who own Metastock. There is
quite a bit of chit-chat, emotional exchanges, other nonsense usual for any
kind of people's gatherings. We meet here smart, dumb, rude, friendly ...
members, or a bit of everything in each of us once in a while. So we have to
use 'Delete' button generously handling incoming mail, or leave the list if
annoyed too much. Yet ... every week I find 2-3 postings (never mind that
it's out of 100 -200) which I save in a special folder to "think about", let
alone that after a while on the list many of these 'faceless' fellows are not
this much faceless, and you start to enjoy 'seeing' them again.
Vitaly
Richard Estes wrote:
>
> I have, since early times, recognized that no one tries to maximize their
> bottom line in the market. We take paths that fit our personality and our
> knowledge. The choices we make as to what to trade or not trade, what
> indicators to use or not, etc.; limit us in some way. There are those that
> expect a return that beats the bank, some seek 25-50% a year, some just want
> to gamble. If I told you that the holy grail exist, it required you invest
> all your free cash in a 50 cent stock that you bought and sold every 4 days
> at 2:30 PM and never take action on a day that it was raining in Lubbock,
> TX; few would jump in. But that might be the way to achieve double or more
> what your returns are now. But it wouldn't fit your mindset.
>
> We restrict ourselves by the time spent in study and the gaining of
> knowledge about the market and our software. Some spend 12-18 hours a day at
> it, full time; while others less than 2 hours on a weekend. We restrict our
> study to only things that fit our mindset. Gann or full moons scarce some
> away. Some look at a Buffett and only see random luck. Or Lynch as a
> bloodsucker of other people's money. While others see the value.
>
> We all have had some success in life, as we sit in front of our $3000
> computers speaking across the net to our faceless fellow posters. Therefore,
> we feel we KNOW what is best and right based on our mindset. I sit and
> wonder why anyone would trade the stocks I see posted here or use the
> indicators they do. But that is all right, they won't change my mindset, and
> I won't change many of theirs.
>
> Now a word on this list! It was called the METASTOCK list. Logic would say
> that it would focus on the software and how to use it. It follows that
> Equis would use it to educate and communicate with the customer and in their
> absence, customers would address the software. If someone was using this
> list for stock picks or learning to trade; it should be the last choice of
> the 100s of lists, BBs, chat, formats available on the net. It would seem
> anyone seeking that type of knowledge would look elsewhere. But we are
> "self-policing", so what we see is what we get. Little mention of software
> and varied subjects of differing value according to your mindset. I have
> learn to use the delete key as some may have already done there by missing a
> view of my mindset.
>
> Richard Estes
>
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