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Strategies & Market Trends : Paint The Table
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To: Rich1 who wrote (13944)2/10/2002 2:16:06 PM
From: Lazarus_Long  Read Replies (2) of 23786
 
Problem is we try and daytrade and thats not the ticket..
Gotta disagree. My feeling is that I can do a much better job of predicting the market over the next three hours or the next three days than I can over the next three months or the next three years.

I've had a profitable every year since I got back into the market in '95. And I don't do longterm. I just can't see that far ahead.

The flip side of that is that I could probably have made 5X-10X as much if I had just bought some mutual finds or an assortment of stocks and held until March 2000. The problem with that point of viewing would be recognizing that that little downswing then wasn't just another minor correction, but the start of a bear market.

If you know how to do that, please tell me the secret.
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