Lizard King's Trading Swamp Message Board

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Strategies & Market Trends : Lizard King's Trading Swamp

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To: Paul A who wrote (3774)	1/10/1998 9:57:00 AM
From: Robet Butkus	Read Replies (1) of 7396

Complacency is a serious problem. One thing that traders can do is recognize mistakes and sell. They also sell to take profits. The one thing that is essential in the market is to become familiar with the art of selling. As ridiculous as this amy seem, many cannot do this. ALL stocks are bought to be sold, and selling has a finality to it that most investors cannot handle. Buying an issue is buying inventory, and that means finding another schmuck to sell it to at a higher price. If your inventory turns bad, your first mark down is always the cheapest. As far as religion goes, Sparkys Corner, I am sure, will welcome any conversation on the subject. It seems to me the Lzzrd did not intend this thread to become a chapel. The markets tend to be a prognosticator of future events. One must take with a grain of salt what the "talking heads" on CNBC and in Washington say. Joe six pack will always sell the bottom when the pain threshold is greatest.... Look at it this way...when Larry King does a segment on the "crashing market"....a bottom should be in place....(G)

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