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Strategies & Market Trends : DAYTRADING Fundamentals

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To: Catman who wrote (13577)8/15/2001 10:04:30 PM
From: TraderAlan  Read Replies (2) of 18137
 
cat,

<and I would like to know how many of you not only survive, but adapt in this environment>

Seriously, nothing has changed since the first day I started to look at the markets. You wake up, you look at the charts, you search for opportunity, it's either there or its not there. In my heart of hearts, I am extremely happy that the shoe shine boys and waitresses have gone on to other hobbies and that trading is no longer on the front page. I do have to separate the business side of my income from the trading side. In that regard, I have to stay humble since I am one of the few who has actually benefited from the bear market because of the success of my book. BTW that absolutely blows my mind.

Many folks got hypnotized into thinking (upside) momentum WAS the market. It never was, it was only a phase in the cycle. Around and around she goes.

Alan
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