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Strategies & Market Trends : NetCurrents NTCS

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To: powershred who wrote (128)	10/2/2000 1:17:46 PM
From: Teresa Lo	Read Replies (4) of 8925

"..its refreshing to find a thread with no attitude!" You know why? Because I think true students of the market quickly learn that bias and attitude are traits that get us spanked big time. For me, I found it best to observe the facts, learn from the market itself and it's participants, and then take what works for me. This is my definition of an Intelligent Speculator, from my piece on the Psychology of Trading: ispeculator.com *The Intelligent Speculator:* -is a soldier of fortune who chooses battles that he can win; -strikes when profit is a reasonable expectation; -does not trade for excitement or to satisfy gambling urges; -does not risk life and limb for emotional reasons; -does not need to be a hero, for he knows that most heroes end up dead; -does not need public recognition because he has high self-regard; -does not boast about his achievements because he knows that he's only as good as his last trade; -is a student of the market for life; -observes the market in an unbiased manner; -avoids making broad sweeping statements, especially predictions, about the market; -knows that all opinions are subjective; -respects other people's right to have opinions; -deals only with facts on hand; and, -accepts personal responsibility for losses. Teresa

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