Pro firm leverage and risk management

Originally posted by Gene Weissman

There are bold traders and there are old traders, but there are no old bold traders
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Was originally said by Ed Seykota

Rtharp.
 
Robert,

I believe you are correct. Ed Seyota may made that statement in the book "Market Wizards". I think that statement
makes more sense in these times than it ever did. Risk control
and cash managment, make a true professional trader.


Gene Weissman
Lieber & Weissman Sec.,L.L.C.
gweissman@stocktrade.net
 
I think the saying came from the "old pilots and bold pilots" but I agree with all of the above. And why is it that we are the only people in the office today...what's wrong with this picture?

Happy Holidays Gene, RTharp, and all!!

:-)
 
Don

I took the 24th off as well as the rest of the week. Played /traded on Friday with triple witching and decided that opening orders/ arbitrage and a few other things aren't going to work as well this week. I'll do end of year tax buying (everyone else does selling ) in a few more days.

Merry Christamas guys
Robert Tharp
 
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