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Strategies & Market Trends : DAYTRADING Fundamentals
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To: TraderAlan who wrote (8009)4/26/2000 2:36:00 PM
From: Dave O.  Read Replies (3) of 18137
 
< I then realized that Mr Market had a major cleanup job to do to bring balance back into the system. I suspect that a majority of the 500-600 folks that I spoke to that day are no longer in the game. >

Alan,

So do you think most people (especially newer traders) focus almost entirely on the long side? I probably sound like a broken record but I think (and know) one can do well in downtrending markets. As Eric said, risk management is a big part of it. But allocating more of one's account to cash in less certain times certainly doesn't hurt. Bottom line, a market correction would seem to only wipe out those who won't cut losses quickly and/or continue to try to trade long (in a corrective market).

Dave
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