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

To: Brandon who wrote (9074)	6/20/2000 6:52:00 PM
From: LemonFlavor	Respond to of 18137

I think this is the most frustrating part of trading for most people, that its not all absolute. There is a ton of gray. I think it was Ed Seykota that said the rules of trading are never break the rules, and know when to break the rules. Im paraphrasing, but its a point a lot of people miss. I happen to have this handy. Ed Seykota's trading rules from Market Wizards: a. Cut losses b. Ride winners c. Keep bets small d. Follow the rules without question e. Know when to break the rules He also says everybody gets what they want out of the markets. Pretty scary thought. And another one I liked: "Be sensitive to the subtle differences between 'intuition' and 'into wishing.'"