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From: rey@boxy.comet.net (Rey Barry)
Subject: Re: The Super Mind F*ck
Message-ID: <31c7cd$01329.1e1@news.comet.net>
Date: Fri, 28 Mar 1997 05:19:41 GMT
References: <01bc3b34$6c849e20$4d28adce@default>
Organization: I need to put my ORGANIZATION here.
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Xref: glinda.oz.cs.cmu.edu comp.ai.genetic:11358 comp.ai.neural-nets:36888

In article <01bc3b34$6c849e20$4d28adce@default>,
WJH <hollandw@concentric.net> wrote:
>
>So you have this psycho (me), who knows little about the market, using a
>forecasting engine that has never seen a stock - whooping all these
>arm-chair experts at their own game.

Not uncommon when no real money is at stake.  The 9th grade at a local
school here created a mock investment portfolio last fall.  It was up
nearly 40% between the start in late September and the close of the game
in mid-December. 

If you believe in your system, invest as it tells you to, ignoring
downside risk and ignoring caution.  That's the only way to emulate the
paper profits.  When you begin worrying that this is real cash, the
speculation will stub its toe on reality and you will be unlikely to bring
yourself to take the same risks. 

To read the lives of the Great Speculators, that sort of risk seems to be
one way small fortunes are lost and large ones earned. 

-- 
------------------------------------------------------------------------------
                Timing is the one key to stock market profits 
          Dollar-Cost-Averaging only exists to generate commissions
        The biggest mistake is to believe the market acts rationally

