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Strategies & Market Trends : APMP (formerly APM)

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To: greenboy who wrote (8274)	11/7/1997 11:23:00 AM
From: Rudy	Read Replies (1) of 13456

>or your account?< Yep, real money, real risk/reward. I think at this level it's cheap and a quick recovery to 21-22 is very possible. As to T/A, for me it's very mechanical. I try not to associate any emotions with it. That's one of the necessary qualities for a good trader, "do not act on emotions". However to get good at T/A takes a lot of charting. I miss a lot of minute details an experienced technician may pick easily. However the more I study, the better i get. GB, I am a firm believer that good things in life come with hard work. So try to establish yourself a system after reading that book and test it . See how it works. Only with time you'll see it get refined. For emotions etc. I also suggest you to read M. Pring's "Investing Psychology Explained: Classic Strategies to Beat the Markets". You have to couple TA with strong money management and stubborn discipline to be successful. Even if you were a genius in T/A, if you lack discipline, you cannot be successful. PS: I'll check index charts this weekend. Take care.

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