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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures
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To: Patrick Slevin who wrote (9229)12/1/1998 11:13:00 PM
From: Brian Hornby  Read Replies (1) of 44573
 
Thanks - actually I have been burned badly in the past using on-line advisories. Just listening to what other people are doing can be as bad - everyone's emotions, risk tolerance, time frame, network delays etc are all different and I think one must be settled in his own system and have patience to make any money. That is why I am more interested in hearing how successful traders make their decisions then trying to follow any trades I hear people make.

At the moment the only trades I have open are some puts I wrote on the SP a couple of weeks ago, which I plan to let expire. This up and down whipsaw type of market is great for option writing BTW, just write then well away from the action. My rule is if I mentally start to hear the people on the trading floor screaming, then I cover the option. Of course this can be a pre-defined support point broken etc. <g>
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