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Strategies & Market Trends : Why the markets will continue higher...
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To: bearshark who wrote (459)1/10/1998 2:18:00 PM
From: GROUND ZERO™  Read Replies (1) of 745
 
bearshark,

When all your systems are functioning properly and everything is coming up roses, be very careful that you remember one thing. You are following your indicators, they're not following you. That has happened with me one time before some years ago and I'll never forget it. I was nailing everything down to the tick, I was younger and lacked understanding. I was batting 1,000 and began to believe I could not miss. I started with $150.00 in a hog spread in the futures and wheeled and dealed my way into trading currencies and bonds. I turned that $150.00 into more than $33,000.00 in a couple of weeks. I was feeling invinceable and thought that the markets would move at my will. I made that mistake of forgetting that I was following my indicators, not leading them. After giving most of it back into the markets, it dawned on me what I was doing.

The point? Keep following your indicators and do what they say. And don't cross that line.

GZ
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