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Share ONE thing you know for SURE about trading


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#61 Vector

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Posted 10 July 2005 - 09:13 AM

Follow (react) to your indicators, do not lead (second-guess) them Don't be too concerned with the exact (zig-zag micro) path of the trend, but make sure to follow it. Spend more time analyzing what IS happening and less on second-guessing what's next. Spend just as much time confirming a trend than gaming its demise.

Edited by Vector, 10 July 2005 - 09:20 AM.


#62 calmcookie

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Posted 10 July 2005 - 09:32 AM

Thank you everyone for your GREAT contributions to this thread. :flowers:


Sunday Trader

Persist through pain
Endure the rain
Rise up again
Proclaim his name

And you will see
Life's yet to be
He's paid the fee
For you and me


#63 Vector

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Posted 10 July 2005 - 09:45 AM

Be a "contrarian" in HOW you operate and think not necessarily in what/when you trade.

Edited by Vector, 10 July 2005 - 09:47 AM.


#64 Vector

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Posted 10 July 2005 - 09:51 AM

jump on a new trend (direction) AFTER its begun *and* past reversal has been confirmed, not precisely when you think its about to start. Same for jumping off it.

Edited by Vector, 10 July 2005 - 09:52 AM.


#65 traderpaul

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Posted 10 July 2005 - 11:19 AM

Thank you everyone for your GREAT contributions to this thread.  :flowers:


Sunday Trader

Persist through pain
Endure the rain
Rise up again
Proclaim his name

And you will see
Life's yet to be
He's paid the fee
For you and me

<{POST_SNAPBACK}>

Here is more from the top traders.....http://members.aon.a...s/citation.html
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. " Rickoshay

#66 fib_1618

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Posted 10 July 2005 - 08:11 PM

The markets speak in eloquent tones - with your job to interpret what they're saying - while leaving your emotional biases for others to worry about. Fib

Better to ignore me than abhor me.

“Wise men don't need advice. Fools won't take it” - Benjamin Franklin

 

"Beware of false knowledge; it is more dangerous than ignorance" - George Bernard Shaw

 

Demagogue: A leader who makes use of popular prejudices, false claims and promises in order to gain power.

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#67 airedale88

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Posted 11 July 2005 - 10:08 AM

the advent of T/A computer programs allows anyone to draw charts with more lines, squiggles, and oscillators than ever before. that's the first mistake anyone attempting to use T/A makes. understand the classic T/A before you worry about 14 different oscillators or other multiple tools.
airedale

Outspeaks the Squire, "Give room, I pray,
And hie the terriers in;
The warriors of the fight are they,
And every fight they win".

Ring-Ouzel, England

#68 Vector

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Posted 11 July 2005 - 01:51 PM

And one regarding stock trading boards: BEING POPULAR AND BEING RIGHT DONT GO HAND IN HAND

#69 skott

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Posted 12 July 2005 - 08:40 AM

It sure is difficult

#70 steve

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Posted 12 July 2005 - 02:46 PM

In real estate it's location, location, location. In trading it's discipline, discipline, discipline.