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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude

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To: milesofstyles who wrote (29179)5/7/1999 5:01:00 PM
From: milesofstyles  Read Replies (3) of 79197
 
more stupid milesovisms

don't know how many times i've failed at this and its not a new concept . every time i failed to, it has cost me...but before entering a trade, have a plan, determine entries as well as exits and the reasons for entering as well as exiting, when those criteria are met, respond to them. my problems usually occur on exits moreso than entries when this happens...

i didn't stick to my plan on athm and it cost me a needless couple hundred....hate that ...bounced right off where i expected it to, but i bailed before it got there...i got in on fifteen min support, it lost it, and i was gonna give it to the sixty min support around 154 area at the time...in at 157 7/8 bailed at 155 1/2 and the thing hit the sixty and flew right back to close where i originally got in...

see the trade...make the plan...make the trade...execute the plan, its discipline that needs to be adhered to.

a reminder to myself and hope it helps others

milesov
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