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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA
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To: bobby beara who wrote (6135)1/17/2001 4:52:57 PM
From: UnBelievable  Read Replies (1) of 19219
 
I Think One Of The Hardest Things About Trading Is The Fact That In Hindsight You Can See Perfectly What You Should Have Done

All trades involve risk. We are making judgements concerning probabilities. The fact that a trade or trades were not profitable does not mean they were not the "correct" trade.

Unfortunately you can't pay the rent with "correct" trades. <gg>

Conversley, just because I shorted JNPR at 141 in the pre-market does not make it a correct trade. But I did book 5 points on the half I covered at the close. <vbg>

I guess you could say the devil made me do it. Everyone was so bullish this morning, and I was impressed that this very laid back guy, who is generally reluctant to make absolute statements about the market, had actually used ALL CAPS when he posted:

contrarian philosophy (which is ALWAYS right) sezs the masses are lopsidely wrong
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