What can happen playing the HIGH RISK game of foreign currency futures....!

Hi,

The truth is, I'm not earning a living. My wife, who is in engineering at Motorola, is supporting me (and helping out two kids and seven grand-kids), while I inch my way closer and closer to success in business; once Stone Digital Media LLC (our little startup) acheives success in business, then I'll pay my wife back for what she's done for us. We're now in year six of this experiment. Fortunately, we're both highly stable people with, apparently, infinite patience for our mistakes and the mistakes of others.

Have you seen the Usenet newsgroups devoted to various aspects of trading? They're highly active and populated by people who are willing to share their expertise--and equally willing to cut the numerous trading scamsters to shreds when they show up and try to sell their "magic" tading systems.

If a list of Usenet newsgroups and some other trading bookmarks would help you, I'll transmit them to you or make an instant website to post them.

All I really know how to do is to read a chart and make a decision to Buy, Sell Short or Stand Aside. I'm interested in trading options using chart-reading techniques (a la Joe Ross's "Trading Optures and Futions") but I've never done it.

Hope this info was useful in some way.

Best,

-Boyd

> I always knew the Trick Report was not your
> only business. (smiles) And now that I know
> you're an expert at charting, I'll keep this
> in mind when I've got questions on the
> subejct matter.

> I wish there was a forum where I could share
> some of my successes and frustrations on
> stock options, futures, stock indexes, etc.

> Boyd, any chance you'd like to start one
> with others who might be interested. It's
> such a fascinating topic when you get into
> it.

> We subscribe to The Option Investor
> Newsletter. There are several options groups
> in the US, Canada and I 'think' other
> countries, that meet monthly to discuss
> their trading. The group that meets in
> Toronto meet every third Saturday of every
> month, but there is no real structure and I
> really don't have the time to give up my
> Saturday afternoons to meet. So, I've been
> suggesting a forum for some time, but noone
> wants to get it started.

> It appears there is a lot of interest here.
> Think about it.

> Eliz.

Boyd, I'm curious to know more about your new venture.

> once Stone Digital Media LLC (our little
> startup) acheives success in business, then

Regards,

Eliz.

Hi,

I think my wife is starting to lose confidence in me, and I can't say I blame her.

I need to be making about $6,000 a month, so I'm starting with that figure and working backward. I'm also trying to make sure I play to my strengths, and to stack the cards in my favor as much as possible before starting.

Sun Tzu said something like "Battles are won or lost before they're fought," and with that in mind I'm trying to set myself up to win.

My strengths are integrity and honesty, devotion to producing quality, wanting to serve others, extreme stubbornness, the desire to build rather than run, and the ability to condense the core truths from a large amount of information.

So whatever I do, it's going to be a battle that will be won, hopefully, before it's even fought.
And I need to decide quickly because my wife just asked me yesterday "What's the first book going to be about?" (I'm not even sure writing a book will be what I do--maybe I'll give local seminars or something.)

Thanks for asking, BTW, I was flattered that you did!

-Boyd

> Boyd, I'm curious to know more about your
> new venture.

> Regards,

> Eliz.

> So whatever I do, it's going to be a battle
> that will be won, hopefully, before it's
> even fought.

***Hi Boyd! I think it was Steven Covey who said, "Begin with the End in Mind"....so there are many voices who share a similar philosophy. Thats a good thing!

> And I need to decide quickly because my wife
> just asked me yesterday "What's the
> first book going to be about?"

***One thing that struck me in your post, Boyd, is that your wife is your partner in this. Sounds like she is encouraging, inspiring, and truly wanting YOU to be content and true to your own heart, integrity, etc.

Did you see how I changed your headline?

One amazingly significant lesson I have learned is that when we focus on lack or scarcity, we get back more lack and scarcity.....if you are thinking, "I NEED to make money" your NEEDINESS is what shines forth like a beacon.

I rewrote your headline into a statement, powerful and direct....

The next one really will succeed bigtime!!

And you know what, Boyd? I believe it truly will!

With Purpose and Passion,

Julie Jordan Scott




Dare to Discover Your Passion, Decide to Live Your Destiny!

Hi,

> when we focus on lack or
> scarcity, we get back more lack and
> scarcity.....

They should teach what you just wrote in school, and in fact I'd go so far as to echo the Bible and say "Here is wisdom."

A trader who has any trace of fear or need won't win unless it's through pure luck.

You wrote: When we focus on lack or scarcity, we get back more lack and scarcity. After I post this message if I'm smart I'll make a text file and type your wisdom 100 times to try to make it sink in.

Thank you!

Best,

-Boyd

To see the people who I care about succeed....

Try it out for size, Boyd, when you hear yourself speaking in scarcity or fear based language. Tell yourself to stop!

Sometimes when I go on a negative streak (YES! On occasions it even happens to me!) I will literally put my hand in front of me and speak out loud...."STOP!" Perhaps its the momentum of speaking, hearing and the kinesthetic action of taking my hand and STOPPING myself.....

To Your Success Always,

JULIE

dno dno dno

Thanks Boyd. Years ago, I used to frequent newsgroups, but in recent years haven't done so. I tend to stay away from them for reasons you mentioned. But it can't hurt to check them out to see if I can gain any knowledge on what's going on.

Actually, I'd like to learn more about what 'really' goes on at the big floors of the major exchanges. Probably a great story for a documentary on a show like Investigative Reports on A&E. I actually sent A@E an email some time ago suggesting they do a show on the subject. They wanted me to send my request via snail mail, which I didn't do. Somehow, though, I think the subject is far too sensitive and political
an issue to cover and I doubt what really goes on will ever be revealed.

I often think, based on some of the stories that my husband and his day trading colleagues have told me, which they learnt from the day trading floor is that there is some conspiring and game playing among the market makers to manipulate or artifically inflate/deflate the price of a stock especially in the first hour of trading and during the noon hour. And if you watch the markets as closely as we do and see the trades as they occur, there are some things that just amaze the heck out of us. But I won't get into all the
details here.

If you could send me the names of a couple or any other trading bookmarks, I'd appreciate it.

Many thanks.

Eliz.

Hi,

You wrote:
> If you could send me the names of a couple
> or any other trading bookmarks, I'd
> appreciate it.

When I was trading, Waldemar's List of trading links was, I believe, considered to be the most comprehensive. You can check out Waldemar's List at:

http://www.waldemar.ws/wl.html [Link below]

Waldemar lists _everything_, so he's sort of a one-stop shopping center.

You wrote:
> Thanks Boyd. Years ago, I used to frequent
> newsgroups, but in recent years haven't done
> so. I tend to stay away from them for
> reasons you mentioned. But it can't hurt to
> check them out to see if I can gain any
> knowledge on what's going on.

The newsgroups I used to read every day (this was in 1994 and 1995) were:

misc.invest.stocks
misc.invest.futures
misc.invest.technical

You wrote:
> Actually, I'd like to learn more about what
> 'really' goes on at the big floors of the
> major exchanges. Probably a great story for
> a documentary on a show like Investigative
> Reports on A&E.

I'd like to see that, too. Have you seen the Paul Tudor Jones daytrading video-tape, the one that shows him trading, screaming orders into the phone, trading large? It's a good one.

You wrote:
> I often think, based on some of the stories
> that my husband and his day trading
> colleagues have told me, which they learnt
> from the day trading floor is that there is
> some conspiring and game playing among the
> market makers to manipulate or artifically
> inflate/deflate the price of a stock
> especially in the first hour of trading and
> during the noon hour.

That's why daytraders should really only trade when the floor isn't in control, when a strong outside force is moving the price around. When the floor traders are scrambling, they don't have time to engage in their usual tomfoolery.

You wrote:
> And if you watch the
> markets as closely as we do and see the
> trades as they occur, there are some things
> that just amaze the heck out of us. But I
> won't get into all the
> details here.

I know just what you mean!

Best,

-Boyd


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