Trade What You See, Not What You Think Message Board

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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who started this subject	10/14/2000 6:32:00 PM
From: Cormac	Read Replies (1) of 867

Threei - I consider it a privilege to be one of the first SI members to post to your site...I have quickly read your posts...they are worth their weight in gold and will require at least another couple of careful readings. It is amazing to me (has been for a long time) that we have come to so many like conclusions in our approach and implementation of a trading style...even more confounding given our different backgrounds (business, education and vocational). Sometimes I liken trading to a Bev Dolittle print like "Two Indian Horses" (where she blends the reality of the specific into the reality of the obvious)..once you see the "hidden" it seems so obvious. A trader must be able to assimilate facts (the ability to correctly identify the facts can be an art form unto itself), opinions, patterns, history, expectations, past, present and future performance, etc...placing an arbitrary value (unique to that trader) on each factor...to come to a judgement as to the probability of future events/price action and subsequently traders reaction to said events/action...all filtered through strict parameters that the trader has built through experience, education and discipline...then they must put their judgement to the test by placing their trade and watching the future unfold...while never ceasing to refresh and update this assimilation process...all this while staying firmly rooted and grounded in reality Is it any wonder that this business is not for the faint of heart. The "key log" in my trading would be that I am willing to let the market/stock dictate to me what it is doing rather than trying to force my will/expectation on the market/stock. The difficulty is that this is all done within the context of built-in expectations - expectations that have been derived from past performance of similar news, volume, gap up, gap down, etc...this is where you need to be fluid with the ability to change your reactions in mid-stream. I have to run... I am on a self-imposed sabbatical/vacation/semi-retirement/retreat (take your pick) but will return to full-time trading no later than the first of the year if not earlier...am looking forward to joining your Reality Trader chat family at that time. continued success to both you, Chris and your entire Reality Trader crew Cormac

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