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Strategies & Market Trends : DAYTRADING Fundamentals

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To: TraderAlan who wrote (3345)8/28/1999 2:53:00 PM
From: Cormac  Read Replies (1) of 18137
 
Alan - YOU ARE RIGHT

Well said, but if you will excuse the poor simile...it is a lot tougher to build a piece of fine furniture with poor tools - there still needs to be a skill level (decision making, execution proficiency, risk management, discipline, chart reading, tape reading, etc.) - of which there is no substitute.

tools don't make the carpenter...or the trader

It could be viewed as an allocation of resources, if you are constantly having to allocate resources - thoughts, concentration, "brain power" to issues of connectivity, hardware, software etc. - those resources have to be taken from elsewhere...possibly from "decision making"

Respectfully,

Cormac
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