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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures

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To: Arik T.G. who wrote (10990)	12/24/1998 9:43:00 AM
From: Tom Trader	Read Replies (1) of 44573

Good morning Arik--thanks for the link A couple of thoughts for you to consider and discard if you deem it appropriate--and not directly related to the post that you linked. I have been following your posts for a long time -- in fact, ever since we butted heads on the Kahuna thread some time in early '97:) Time sure flies when one is having fun!! In this period, I have come to respect your analytical skills. You've made some great calls and some that were not so great -- probably not unlike most of us. But the one common thread that I have noticed is that when you make a call indicating potential upside for the market based on your wave count, you rarely seem to take a position in line with that conviction. But when you feel that there is downside, you seem to be willing to take a position. I would suggest that your performance would be greatly enhanced if you were willing to play it both ways -- long or short, when trading what matters, after all, is making money. What I am suggesting is that you do, more often, what you did when you went long AMZN because the wave count argued for higher prices. I think that if you look back over your posts, you'd be surprised at the number of times when you have correctly called the upside for the market direction -- including one of your best calls both in terms of price and time when in '97 you correctly forecast that the market would reach 9200+ in '98 -- at a time when few saw that happening. I guess what I am saying is that one of the most difficult things for all of us, as traders is to put aside our personal bias and go with what our objective analysis/ system/ patterns/ wave count suggests. We all do this from time to time and it is this factor that affects optimal performance as traders. I wish you well with your latest positions -- my subjective view is that you may well be right, though a sell signal on my system is a long way off today. I think that you know me well enough to know that my comments are meant constructively and are well-intentioned. For all that I know, you may well be taking long positions from time to time -- but not posting them. My regards -- and happy holidays.

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