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Strategies & Market Trends : Stock Attack -- A Complete Analysis

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To: Chris who wrote (39248)12/25/2000 2:52:29 PM
From: Trading Machine  Read Replies (1) of 42787
 
Chris, I really have to agree with No. 5!!!

This is undoubtably the most difficult thing for a trader to do especially after some good gains and we go to sleep.

In CY 1999 I was up +300% in my personal trading account, got fat, kissed the bear this year and wound up negative partially because I have been concentrating on the 401k. The amount of discipline required for successful trading is enormous. I thought I could avoid some of the stress by doing the 401k, but it requires just as much of good ole #5 as any trading strategy.

I am up about 25% ytd in the 401k and that number would have been in the high 30s if I had watched more carefully and stopped out. My rules said to do it, I just didn't perform!

Maybe I will put the process in software so the get out point is automatic and the dummy pushing the buy button doesn't have to make any of the "hard" decisions. ggggg

Happy new year, I appreciate your running the thread, it has lots of good information for the serious trader.

Thanks again

Paul Kellam
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