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Strategies & Market Trends : Technical Analysis - Beginners

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To: Dick Brown who wrote (10283)5/15/1999 1:30:00 PM
From: TA2K  Read Replies (1) of 12039
 
"These are opinions...."

Hopefully experienced opinions. And expectedly there would emerge groupings that would indicate consensus.

"Nothing works 100% of the time...."

Sure. So the objective it to maximize the probability of success.

"It could be that as soon as [set-up] conditions are met, the security will head in the **other** direction. Because you can't know this ahead of time, ***managing the trade***, is the grail...."

The phrase "managing the trade" singles out and isolates the trade one is in right now! The phrase spotlights only **this** particular trade. The phrase is far, far better than the abstract 'money management'. Your's is a very useful addition here. Others will immediately argue that you haven't added a thing -- that it's already been said over and over again. Well, word selection is important, difference between lightning bug and lightning.

"Your search is like traveling on a mobius strip...."

Your post proves that I'm **not** traveling a mobius strip (extremely beautiful metaphor, by the way, and I just searched from post #1 in this thread, and your post here is the first occurrence), for you have added several valuable contributions in this single post alone!

"Will you prove it to yourself? Do you want to trade anothers system or one of your own making?"

Eventually, I expect to prove it to myself, and use the system of my own making. However, initially, I want to be damn sure I'm not overlooking various basic components that I should be using in constructing my prototypal system.

Thank you,
Nicholas
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