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At 12:49 PM 9/23/97 -0500, Al Taglavore wrote:
>Dr. RRoffey,
>
>I certainly take exception with you characterization of futures traders.
>We are traders, not investors. We take advantage of the brief opening that
>the market offers us. Your post reinforces my beliefs as to why successful
>stock traders lose in the futures markets: By the time a complete analysis
>is done on the market, the trade is over.
>
>I will share with all a quote by Mark Weinstein from "Market Wizards":
>
>"....Although the cheetah is the fastest animal in the world and can catch
>any animal on the plains, it will wait until it is absolutely sure it can
>catch its prey. It may hide in the bush for a week, waiting for just the
>right moment. It will wait for a baby antelope, and not just any baby
>antelope, but preferably one that is also sick or lame. Only then, when
>there is no chance it can lose its prey, does it attack. That, to me, is
>the epitome of professional trading."
>
>Dr. Roffey, I view a futures trader as an opportunist and a risk taker, not
>a gambler or an addict.
>
>Al Taglavore
>
snip, snip, snip . . .
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Al -
And the Cheetah still loses nine out of ten!
-- Frank :-)
High Return on Investment using Technical Analysis
http://www.usinternet.com/users/fbg/
Minnesota Long Distance Canoe Racing
http://www.usinternet.com/users/fbg/mnlong/
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