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Strategies & Market Trends : Tech Stock Options
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To: ViperChick Secret Agent 006.9 who wrote (40186)4/17/1998 12:21:00 PM
From: Tom Trader   of 58727
 
Lisa--re the ability of anyone to predict the direction of the market

Just can't be done consistently; many have tried and continue to do so --but it is like black-jack, when one goes through winning and losing streaks. In the former case, one seems invincible and in the latter, one feels like---well, a "loser"

Many try to predict direction-- some when they are right, herald it and are very quiet when they are wrong.

Some obfuscate when they are wrong -- by introducing red herrings

Other's, like Plonk, just acknowledge when they are wrong

Trading with the trend helps put the odds in your favor--when the market is trending; when it is not trending, then it is almost a crap-shoot.

Having a good system -- any good system -- does not ensure that one will be right. All it really does is to ensure that when wrong, it gets one out of the losing position without too much damage.

BTW, none of the above is a reference to TraderX--who I don't know from Adam.
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