MARKET INDEX TECHNICAL ANALYSIS - MITA Message Board

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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA

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To: dvdw© who wrote (16217)	2/9/2003 9:16:30 AM
From: macavity	Read Replies (1) of 19219

There is no one grand scheme to guarantee investor success I do not disagree. I would just say that the better plans have exit plans, especially with regards to loss minimisation. I would just, personally, not classify ignoring things as a sensible exit plan. Even if you throw darts at a board, an exit plan for stop-losses will get you a lot further than simply praying. Prayer - this is basically what ignoring reality boils down to. Faith that some external effect will resolve a situation, favourably, that you have abdicated responsibility from. For me I just cover my downside, and let any upside look after itself. But we all have our styles. Who knows? It may just work. Good luck! -macavity

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