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Strategies & Market Trends : Strictly Buy and Sell Set Ups
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To: Bob V who wrote (2709)3/10/2005 11:50:40 AM
From: kodiak_bull  Read Replies (1) of 13449
 
Bob,

I would extend my beliefs to this point: every time you've made really good profits, you've done it because you managed to get on the right side of a trend. Every time you've done that and closed out your position early (seller's regret) you've let your even better profits slip away. Every time you've held on too long and given back your profits it is because you failed to have a system in place that would identify a change in trend and/or protect profits in some other way (2ATR trailing stop, for example, etc.)

What a serious trader needs to do is find a system that will get him on the right side of trends. FA and (traditional) TA consistently fail to do that, so serious traders need to find a third way.

[Please note, nothing in these ideas involves calling tops or bottoms, because there is no system that can do that successfully over time without risking tremendous portfolio damage.]

Kb
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