Bonds, Currencies, Commodities and Index Futures Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Chip McVickar who wrote (2295)	1/7/2002 1:34:09 PM
From: John Pitera	Read Replies (1) of 12411

Hi Chip, I'm happy to hear you had a nice holiday season... the snow country is a nice place to be in Dec. :-) I really feel that too many traders focus excessively on looking to catch turning points and changes in trend instead of trying to trade in harmony with the trend. I've gone through that experience myself. Jacob Bernstein writes about this topic eloquently in his book, "The Investors Quotient". There are some traders, like Paul Tudor Jones who are using Elliot Wave, Cycles etc and are trading tops and bottoms, but It's really a smaller subset of individuals who can excel at that. I think it's probably a good idea for traders also keep tra ck a couple of simple Mechanical buy and sell systems, as well as other types of Analysis. even if they don't use them systems signals to make trading decisions. One example might be Welles Wilder's Directional Movement + and - crossover system, and also using his ADX indicator. But this is just a thought of mine. John.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next