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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?


To: Threei who wrote (114)10/25/2000 3:53:24 PM
From: TraderAlan  Read Replies (1) | Respond to of 867
 
3i,

Very timely day for your thread (and its title). I've been following certain boards all day to reinforce my knowledge of market psychology. Being a true believer can be very dangerous to your bottom line.

A little taste from you know where <g>:

"Never marry a stock position. Don’t bother to find out too much about your trading vehicle beyond basic sector analysis. Swing traders understand that stocks represent numbers and nothing else. Remember that message board surfers don’t seek the truth. They seek validation for their point of view. Participants find easy support for distorted beliefs that make it difficult to exit a loser when it’s time to get out. Get away from the boards for weeks or months at a time and realize that only one point of view really counts when it comes to the markets."

Alan