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

To: Tai Jin who wrote (142)	11/4/2000 11:53:00 AM
From: TraderAlan	Read Replies (2) \| Respond to of 867

Tai, <The best thing to do as Vadym says is to not anticipate but to react. Anticipation means prediction, and none of us are so good that we can predict with high probability the outcome of any situation. So if we are anticipating then we are gambling.> By eliminating anticipation, you are throwing out 50% of your useful trading tactics. Anticipation is not gambling any more than reaction is when you understand those times that you should be anticipating vs those times when you should be reacting. There are only four ways to trade: lead the crowd, lag the crowd, fade the crowd or be the crowd. Leading the crowd requires anticipation, lagging the crowd requires reaction, fading the crowd requires both anticipation and reaction and being the crowd just requires waking up in the morning. Alan

To: Tai Jin who wrote (142)	11/4/2000 2:03:26 PM
From: Dominick	Respond to of 867

So by conditioning ourselves to only react to the current situation then we free ourselves from any expectations which might prevent us from trading properly. "Free your mind." This is the philosophy of Tao. "Mind is the Master power that moulds and makes, And Man is Mind, and evermore he takes The tool of Thought, and, shaping what he wills, Brings forth a thousand joys, a thousand ills:- He thinks in secret, and it comes to pass: Environment is but his looking-glass" As a Man Thinketh James Allan