The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Glenn who wrote (107)	11/14/1998 7:23:00 PM
From: Don Pueblo	Read Replies (3) of 90042

OK, here's one. Your intuition is almost always correct. If you second guess yourself, you screw up, as a general rule. The reason intuition is wrong sometimes is because you don't have all the data. If you are missing data, or can't use the data you have in a sane manner, you will make mistakes. But you should always trust your intuition. If you are wrong, it just means that you didn't have enough data. Making errors is only bad if they cost you so much money that you can't eat or pay the bills. The market goes up and down. It doesn't matter which way it goes as long as you are on the right side. Looking at it from a bull's viewpoint, you would want to buy on the dips. So if you are bullish, wait for a dip to buy into the market. You don't have to suddenly become a bear. Trust your own instinct. If you are bearish (like I am right now) you'll sell on the rallies. Either way, we both make money if we get out fast when we are wrong.

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