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Strategies & Market Trends : Strictly: Drilling II
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To: rails99 who wrote (13131)5/23/2002 10:55:13 PM
From: gold$10k  Read Replies (2) of 36161
 
Rails,

Much of my approach to trading was born in the last two years of the bear market in gold where I learned to be distrustful of rallies continuing and to take a defensive attitude. The same trading style probably led me to undertrade during the bear (where I actually made some money while waiting for the bull) and to overtrade during this bull (where I might have made even more with less or no trading, but no complaints). I simply try to stay with greater value and promising charts and sell spikes or over-extended rallies. No targets... I try to take my cues from the price action. I feel comfortable with my trading style now, which I consider to be a key to overcoming that psychological thing. At this point I am willing to accept somewhat reduced profits in exchange for the greater likelihood that I will actually take more of them home.

Regardless of the details, IMHO the important thing was figuring out that this (PMs) was the place to be. <g>

Best,

vt
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