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Strategies & Market Trends : Classic TA Workplace

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To: John Madarasz who wrote (77488)	7/16/2003 9:55:22 PM
From: skinowski	of 209892

and leave this racket alone... I don't remember where I read it, but it has been shown that over a lifetime the vast majority of market participants lose money. Most people would be better off if they had never ever purchased a single share. We are hard-wired to lose money. Even on this thread, where everyone already knows the drill, every time as a move proceeds one can sense how more and more people are buying into it. Being excessively contrarian can be just as dangerous. One must be contrarian - but in a rather weird, super flexible, "Ego-less" kind of a way. And even this is not enough, for one also must be able to remain consistently disciplined - year after year. And these are just some of "pre-requisites" for the job. Every trader should ask oneself, "Can I do it?" And also, no less importantly, "Do I really want it?"

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