exSpurts? OT

[Kevin E. Ramsey]

    Just a little contribution here. In this neck of the woods, there is a
radio station which is called the "Financial News Network". You can imagine
what the focus here is. They are always advertising stock pick seminars;
Japanese Candlesticks (?), Market hedging, chart reading, etc.  And yet, I
keep hearing that "day traders" or short-term speculators, on average, have
about a 70% loss rate.
    My own brother seems to be consumed with watching the market, and yet,
every single time that I have listened to him, although his reasoning seems
logical, I have lost money. He reads Forbes, and the whole reason that he
uses a computer is to get financial news in real time.
    The moral here is; Even if you think that you have a sure thing, maybe
you don't have all the facts. The one best strategy in the market is to put
money in on a regular basis, and let it ride for the long term. Be
diversified.


Kevin E. Ramsey
ramsey@extremezone.com
----- Original Message -----
From: "Brian Trout" <trouts_place@hotmail.com>
To: <pianotech@ptg.org>
Sent: Saturday, May 05, 2001 11:45 AM
Subject: Re: exSpurts?


> Hmmmmm....
>
> Interesting concept, Don.
>
> I'm not 100% sure exactly what you had in mind with your remark.  Were you
> saying that we tend to be a resourceful group who can successfully do some
> stock speculation???  Or were you saying that maybe we should stick to
> tuning pianos and let stock trading to the experts???
>
> I don't know if I might be stepping on hallowed ground here, but not all
who
> profess stock speculation 'know-how' know as much as we may think they do.
> (Actually, that translates to many career fields.)
>
> Normally, when there is something we are unfamiliar with, we tend to think
> that those who are knowledgeable about that subject are somehow special,
> that they know something that we can't possibly know or understand.
> Hogwash!!
>
> I believe that many of this world's population are far more capable than
> they ever give themselves credit for.  It's more a matter of study and
> application of those things you learn.  To take this "stock thing" a
little
> farther, I believe that there are quite a few among us that could easily
> outperform many of the financial indexes if we simply studied and learned
> and applied those things to the real world.
>
> Other people don't necessarily know what you think they know.
>
> Keep learning.  Use what you learn.  And if it happens to be making good
> stock trades, so be it.
>
> Just my opinion.
>
> Brian Trout
> Slidell, LA
> trouts_place@hotmail.com
>
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