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Strategies & Market Trends : A.I.M Users Group Bulletin Board

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To: LemonHead who wrote (14317)1/12/2001 10:00:35 AM
From: OldAIMGuy  Read Replies (2) of 18928
 
More on Sun Tzu's "Art of War" For Traders and Investors By Dean Lundell......

Lundell says, "Today's financial markets are the last bastion of unabashed conflict..... To participate, you must be your own general, devising a strategy, gathering information, executing your plan, and adapting to the situationi."

Be your own general
You are in charge. You are resonsible. When you win,, you benefit. When you lose, only you are to blame.
a) Broad trends persist. Discover them. They will survive boom and bust.
b) Don't contemplate engaging in war while beholden to another. They could become your ruler!
c) Establish and maintain a baseline of survival for your command.
d) Know that reality is governed by darwinism; Long Term Survival belings to the fittest.

Devise a Strategy
OUr strategy is to sell inventory into market strength and to buy into market weakness. Robert Lichello's AIM algorithm provides us with a systematic approach to follow that uses this strategy.
a) Sell quality merchandise to those willing to pay
b) Buy quality merchandise when the price offers reasonable hope to resell at a profit.
c) let the allocation of resources and inventory be governed by the course of the market.

Gathering information
Today there is no excuse for not being informed.
a) differentiate between information volume and quality.
b) differentiate between facts and opinion.
c) find good sources of judgement where you cannot act as judge.
d) Information is trusted only when provided by those proved trustworthy.

More later...........

Clear Thoughts from Clearwater....
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