Forum Archive Index - September 2003

[fntradingsolutions <fntrade@bigpond.net.au>]

Believe you me I am privy to quite a large group of TA Traders. It would
have been useless to name even one of them.
i.e. Known Traders have more impact.
I have been trading since 1987 and professionally since 1999. I have not yet
met a single FA trader that can show me how to earn the income that I now
have. Granted I shall never attain the wealth of Mr Buffet or Mr Williams.
But I do not want to. I have a family and a Life. I love trading and enjoy
its rewards. I earn enough.!
Woody
----- Original Message -----
From: <tennyson@caverock.net.nz>
To: <sharechat@sharechat.co.nz>
Sent: Wednesday, September 24, 2003 4:29 PM
Subject: Re: [sharechat] Enjoy


> Hi Woody
>
> >
> > I know I do come over a little arrogant to some. However arrogance is
> > a need for trading. You must believe 100% in your system to trade . I
> > do! I don't buy lotto tickets. We trade full time, we have $1000s
> > worth of computers, software data providers etc. We have an office in
> > the heart of Cairns Nth Qld.
> >Salaries for 4 directors, four leased cars ETC. We are not
> >Millionaires. However we do all right. All with Pure TA Trading.
> >What is wrong with that?
> >Woody
> >
>
> As you say Woody, "to each his own".  I have no criticisim of your
> operation.  If it works for you, and from the way you are speaking it
> does, then great.
>
> What I am saying is that quoting examples of three cherry picked
> traders who have made it big over a retrospectively selected period of
> time doesn't prove much in the argument of FA (in particular Buffett) vs
> TA.
>
> My local lotto outlet has sold 19 first division winning tickets.    19
> winners is six times the number of successes you were talking about!
> So therefore lotto must be even better than trading!   I am sure that if I
> interviewed those 19 winners they would all say that lotto had changed
> their life.   But such a study along the lines that 'lotto is good for
your
> wealth'  would be spurious without an assessment of the probability of
> success.   Quoting anecdotes like you did doesn't prove anything.   Of
> course lecturing on trading by organizing high priced seminars can be
> very profitable indeed.
>
> I hold WRI shares and the price went from $1.32 to $1.48 in a month
> which is a rise of 12%.     This is an annual rate of return of 400% per
> year.   So therefore if you buy WRI today you can expect a return of
> 400% per annum.    You follow the logic?
>
> SNOOPY
>
> PS I don't buy lotto tickets either
>
>
>
>
>
>
>
> --
> Message sent by Snoopy
> on Pegasus Mail version 4.02
> ----------------------------------
> "Dogs have big tongues, so you can bet they don't
> bite them by accident"
>
>
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