Ask DrBob Message Board - Msg: 17411260

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Strategies & Market Trends : Ask DrBob

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To: Drbob512 who started this subject	5/1/2002 10:22:34 PM
From: heehee1	of 100058

Lakeoffice class. After 4 yrs + of trading, I still feel I don't know enough to satisfy myself much less offer my advice. But since Flack requested, I'll offer some suggestions, all of which I've yet to master. Hope you find them helpful. 1.FEAR AND GREED.. Make sure you pack these two away when you begin your trading day. I can't tell how important it is to have these emotions under control. Women students, you know what I mean. 2.Trust what the chart tells you (its often more right than your inner Madame Cleo). But combine the two and you've a pretty good set of tools. :) 3. Make sure you have your stops in (physical or mental) to limited loss and/or protect your profit. I prefer mental stops since MMs often break support/resistance just for the purpose of setting stops off. 4. Walk away if you must if the market continues to go against you. 5. Remember, your first objective should be preservation of capital. Making money should be secondary. IMHO. And thats all I have to say about that. <G> Good luck and best to you all, BTW, you've a wonderful teacher there.

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