Daytrading Psychology Message Board

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Strategies & Market Trends : Daytrading Psychology

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To: Ken Adams who wrote (100)	12/5/2000 10:39:47 AM
From: the Chief	Read Replies (2) of 104

When trading concentrate on the immediate prospects of a market and ultimately the stock you are trading. Ignore both "bulls and bears". A bull who tells you the Nasdaq will be 4000 in two weeks is as useless to a trader as a "bear" who tells you the nasdaq will be at 1600 in 2 weeks. Neither pieces of information apply to what you are doing...which is the immediate analysis of the stock you are presently trading. However, both forecasts can colour your perception of "the trade" which is as useless as the information the forecast provides. the Chief

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