Forum Archive Index - November 2001

["Phyllis Bergquist" <phyl@clear.net.nz>]

I think someone has to say here that there is a difference in Trading System
software ("after the event model") which may be a black box system. and
learning Technical Analysis  in the same manner that lawyers, doctors and
engineers learn.
In other countries there are University courses and diplomas - those who
gain these are able to take on highly paid positions in banks and
institutions.     Learning T/A by yourself - especially if unable to get out
easily - could be a very tunnel vision experience.     People who mend
computers charge $85.00 per hour - $50.00 doesn't sound too bad and Mike
will soon find outif the hour is not well spent.   He has all of us to
consult.
There has to be an element of risk in everything we do and it is important
not to limit ourselves to much.   Phyllis.

----- Original Message -----
From: nick <helmett@xtra.co.nz>
To: <sharechat@sharechat.co.nz>
Sent: Thursday, November 29, 2001 4:39 PM
Subject: Re: [sharechat] Technical Analysis Agenda


>
>             Trading is a very tough Buisness, the vast majority survive
less
> than a year.
>    Mike may have what it takes, he may not, i wish him luck he will need
it.
>          What makes me sceptical is all these people charging 50/100
dollars
> an hour to show people how to use the software.  They have an after the
> event model portfolio showing how good they are (dont they all!!)
>     Yet one has to ask the age old question, if they so good at trading
> why are they bothering chasing up people to pay for their time?
>  They may be genuine or they may not.
>       Phedorus has shown us some very good charts it is true, and has been
> very informative, but do you know his motives? How do you know he dosent
> work
> for a company selling charting software? or charging 100 dollars an hour
to
> teach you to use it?  Im not saying he does, he is probably genuinly
> trying to educate and inform.
>        What im really trying to say is be careful and cautious, there is
no
> rush for you to learn, take your time, make your own decisions, read
> lots of books and be very wary of those after your cash.
>
>  Nick
>
>
>
>
>
>
>
>
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