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Politics : Ask Michael Burke

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To: accountclosed who wrote (39406)	12/15/1998 5:11:00 PM
From: robnhood	Read Replies (1) of 132070

AR,, I read a few books and tried a couple of systems and then one day I threw all my charts into the fireplace muttering something like ," I can lose this much money without the help of these things". Since then I just have a general approach, which looks at breakouts and breakdowns,, sort of measuring channels and triangles to get an approximate idea of the possible move, nothing hard and fast. Since I trade all day I think my strength is in wiggling out of bad positions before they get too costly. The right guesses take care of themselves. I see it as somewhat of a poker game where losing a lot of antes is part of the game, the secret is to keep it as close to antes as possible IMHO... I have the distinct advantage of not paying commission and therefore am willing to fold at the slightest hint of being wrong... russell

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