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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: TraderAlan who wrote (7523)	3/19/2000 9:29:00 AM
From: gaj	Respond to of 18137

alan, i'm amazed at how far trading knowledge has come even in the last 10 years. i've recently re-read the richard wyckoff books from the 20s/30s, and how his information was so cutting edge. but even then, he told how people would cut their profits short, let their losses ride. some things never change... i know for me personally, my worst days of the last 3 months have come when i have not held my stops, or held to my initial entry. i've found that writing it down reinforces (at least to me), what my emergency exit point is, what my expected profit is, etc. but that's just for me. many of the things i've learned, i read, i read, i read - which was just the first step. but until i actually applied my feelings, and learned what happened when i didn't adhere to my plan...well, that's the school of hard knocks, and when things finally started to sink in... good luck with the book; it's hard to say "find the right approach for you" when writing a book, but that's really the right answer. people want the holy grail, and it's just not out there....