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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: OX who wrote (23593)	5/25/2000 4:26:00 PM
From: donald sew	Read Replies (1) \| Respond to of 42787

After a few minutes of thinking about todays trade buying the USPIX(SHORT NAZ), I have to admit it was a mistake regardless if the NAZ continues to sell off. My mistake has nothing to do with the which way I thould the direction would be, but it has everything to do with discipline. I have discussed this with LEE in detail and that once my short-term technicals get to the midrange and I decide to trade, it should be a HEDGED/PATIALLY HEDGED position - period. The reason being that the mid-range is FLIP-of-the COIN territory. Lets say for this discussion that the NAZ sells off tomorrow, then this would be a good call. WRONG - it would have been luck that it turned out right on the basis of statistics. So in hindsight, this was a bad decision not to straddle/box it. In other words I broke my discipline, which was based on statistics.