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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Boca_PETE who wrote (12571)3/1/2001 1:26:54 PM
From: axp  Read Replies (1) of 42834
 
re: Probably only the most skilled trader is capable of doing this successfully.

I read a lot of statements like this one with "skilled trader" being replaced by "the big boys", "the smart money", "the professionals", etc. It's tempting to think that if we were just smart enough we (or the advisor we choose to follow) could consistently beat the market.

Personally I've capitulated to the theory that says doing that is impossible. Given that, there are still plenty of investing strategies that don't depend on prediction and I've enjoyed a lot smoother ride with less anxiety since I chose one of them. No claims about it being the best, just one that fits my personality and investing goals. Pertinent to this thread, it does not involve making decisions based on someone else's black box market model. At the moment I'm slowly loading up on solid companies at what appear to be bargain prices and valuations (not the QQQs) and taking a few profits in some that have bucked the trend.
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