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Strategies & Market Trends : E-Mini Pit

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To: Nemer who wrote (1856)	2/28/2002 2:32:43 PM
From: Nemer	Read Replies (6) of 11288

trading .... I hesitate to get into this thread discussion on guessing/knowing/feeling/thinking/hoping/etc as to methods of entry/exit/market moves/direction/reasons ... but I'll not have more to say than this post .... no going into detail .... I've been trading longer than most of the thread posters have been alive ... that does NOT make me a good trader, or a better trader than any here .... but, it does make me more experienced --- both in how to make mistakes as well as how to learn from them. some things I've learned over the years a) forget guessing "the market WILL DO this" b) forget trying to "determine" a dang thing c) forget "feeling something is going to change/move/bounce/retreat/etc" d) forget thinking "hey .. I'm good and this is easy" e) forget hoping the market will "do what I think it is supposed to do" 1- Trade "your" proven plan 2- Be quick to take the loss 3- Let the profit run 4- Don't let a profit turn into a loss that is about ALL it takes to succeed in the futures market I will add that most folks I've come across care more about "being right" than making money when it comes to trading the market..... I will repeat what I said in the post to which I'm sending this reply, for it is TRUE and IMPORTANT .... the aim of the market is to move money to strong hands from weak ones and it does it with remarkable alacrity and deftness .... and I don't mean to lecture or step on toes .... NOW ... that is the end of my rant ..... gggggg

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