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Strategies & Market Trends : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (26283)	4/20/2000 2:03:00 PM
From: Johnny Canuck	Read Replies (2) \| Respond to of 71045

Stefan, When it get really bad, I find it help to just shut off your TV and news feed and only look at the charts and the company specific news releases (just the raw releases not the ones filtered through the press). It forces you to be more objective. As much as we can project certain scenarios that are the most likely, one has be have a back up plan if certain conditions do not occur. As much as one tries to be pro-active, the market condition are really only something one reacts to. Remember that most trend following system had an average win/loss record of 50 percent. For a mechanical system, sticking with the plan and minimizing risk so you stay in the game will be what helps you come out ahead. This is just one of these time when your metal is tested. The tough part is admitting you are wrong and getting on the other side of the trade.