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Strategies & Market Trends : Technical Analysis - Beginners
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To: TA2K who wrote (9373)2/16/1999 5:12:00 PM
From: Dick Brown  Read Replies (1) of 12039
 
I hate to break it to you but some systems that may have worked well in the recent past may give mixed results down the road..you must prove your method to yourself so you hang in there when one, two, three, and more trades in a row go against you. How can you take that unless you have proven to yourself that ,over time, you trust YOUR system?

I think all of us have beaten this to death..

I have a couple of methods I like but after those systems flash a potential buy ,what happens the next day is important..I know from studying previous signals that the best ones are followed where the open is higher than the previous close..That is my choice, of course, sometimes a stock what opens lower will have been the best choice.
I don't care.. I have rules that disqualify a trade because I know what usually gives me the edge..you only get that judgement from experience..
Dick.
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