Momentum Daytrading - Tricks of the Trade Message Board

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Strategies & Market Trends : Momentum Daytrading - Tricks of the Trade

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To: Reloader who wrote (1926)	4/21/1999 10:09:00 PM
From: Adelantado	of 2120

Dave: I like your statement: "...I think that my basic problem in this situation is my perception of what the market SHOULD do vs what it IS DOING. I often go in in the morning expecting a stock to do great things and buy accordingly only to find, once more, that I am 180 degrees off from reality.." The reality dispite what everyone says is that no one can predict the market direction. If it were possible soon there would be no market, only a bunch of winners without loosers. I suggest that you forgo any attempt to predict market direction on a day to day basis or follow rumors or even believe in technical analysis, to learn the reasons why stock prices move. With that knowledge and study, you will have the advantage over the lazy ones who rush in and out of securities as fast as feelings of greed and fear guide their trading. With knowledge and study, you will have the confidence to buy when you appreciate the stock to be undervalued, then buy more as the price decreases even more knowing that the investment is sound based not on rumors but of facts and knowledge of the market mechanics. Good study and trading. Joe

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