Daytrading Psychology Message Board

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Strategies & Market Trends : Daytrading Psychology

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To: Dave O. who wrote (93)	12/4/2000 12:00:42 PM
From: the Chief	Read Replies (2) of 104

russett said Price and volume are but a fraction of what one must know. You must know who invests in your stock, what the market in your stock is, what industry it is in, and how the economy affects that industry. I don't disagree, I just do not use these indicators to determine what I buy or sell or Daytrade at all. I am from the "old school" and believe in one underlying principle of the market. " if the market wants the stock, so do I"....or MOMO and the trend is my friend. I never use the indicators you have stated russett, but that does not mean they do not work for you, on the contrary, they may work 100% for you and 4% for me....thats why they call it a "system"...everyone has their own. As stated even a bad system can make money (just not as much as a good one) as long as you can remove emotion from your trading. the Chief

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