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Strategies & Market Trends : The Final Frontier - Online Remote Trading

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To: TFF who wrote (4487)	6/20/1998 8:09:00 PM
From: Willsgarden	Read Replies (1) of 12617

irby and all, I have been in search of the *KEY* to successful day and short term trading. Most of the rules are similar. Most of the mistakes made are also common to all traders including the seasoned ones. I won't list what has been stated in your post, and in many posts on sites for traders but, I will share what I feel is an enlightenment, and tells it all, and sums it all up. I myself only seem to learn from the sting of failure, although the analysis of those failures is what has made me finally begin to profit consistantly. < If one throws a dart at the IBD and selects ten stocks at random, probability will have 5 go up and 5 go down on any given day. If we cut the down trending stocks quickly, and let the profitable ones run, We will prosper!> I believe it is as simple as that. With some market condition savvy, and as I do, only trade in sectors showing strength, we also improve on the probabilities of stocks trending higher. I also make up my lists from solid TA, not dart throwing <ggg>. This is just my own personal revelation. Bill Monier

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