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Old October 20, 2000, 03:58 PM
Dien Rice
 
Posts: n/a
Default Some thoughts on this....

Hi Boyd,

Boyd, from what I read in your messages, I think you could produce a product (ebook or software) based on some of your knowledge of day-trading.... But I'd keep in mind Rick's two caveats....

As I see things now based on your own comments, at the moment your own system is unproven in the "real world." I honestly don't think you should create a product around that until you've proven it works in the real world, and it's consistently been making money for you (or for someone else who's applied it)....

However, I think there are other possibilities you could pursue....

For example, in one of your messages you said you know pretty well the techniques of Joe Ross and Linda B. Raschke. I don't know what their techniques are, but you might be able to build this knowledge into a product of some kind.... Maybe you can explain it in an easy-to-understand way, for example (if current books on this are kind of technical). Or in just some different way....

We all think in different ways. I've discovered this in the physics research world.... For example, you could have two books explaining the same information, but they could explain them in completely different ways....

One book might use an abstract and more technical approach to explaining things. Another book might be full of examples, and teach purely through examples.

I've found that in cases like this, I will probably find one book much easier to understand and follow than the other book, but someone else I know will find that they far prefer the other book. If you can explain things in a different way, I believe that you are giving value as you are helping some people to understand the material better, because our brains are sometimes wired differently....

There could be software possibilities too -- I don't know enough about these techniques to know much more regarding that....

Boyd, I know you're a very honest fellow, and it'd be hard to sell your own system if it hadn't made money for you. However, you could possibly sell your explanations of other systems, if you really do understand it well yourself and can explain it....

And as for handling the emotions, how about a cap with compartments all over for ice-cubes, to use when trading??? Haha, just kidding! :)

Actually, who knows? Could be a good novelty product aimed at day-traders.... :)

Dien Rice