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

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To: Tai Jin who wrote (142)11/4/2000 11:53:00 AM
From: TraderAlan  Read Replies (2) of 867
 
Tai,

<The best thing to do as Vadym says is to not anticipate but to react. Anticipation means prediction, and none of us are so good that we can predict with high probability the outcome of any situation. So if we are anticipating then we are gambling.>

By eliminating anticipation, you are throwing out 50% of your useful trading tactics. Anticipation is not gambling any more than reaction is when you understand those times that you should be anticipating vs those times when you should be reacting.

There are only four ways to trade: lead the crowd, lag the crowd, fade the crowd or be the crowd. Leading the crowd requires anticipation, lagging the crowd requires reaction, fading the crowd requires both anticipation and reaction and being the crowd just requires waking up in the morning.

Alan
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