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Strategies & Market Trends : Your Worst Trading Enemy.. You -- Ignore unavailable to you. Want to Upgrade?

To: CharlieChina who wrote (33)	1/16/2001 5:06:14 AM
From: shawnwolff	Respond to of 223

RE: Choosing a strategy before you enter I agree Nicholas Gates... This year separated the professionals from the amateurs. I think it also was a wake up call to so many daytraders I see that let their daytrades "turn into" investments. I know a lot of daytraders who hold blown stops on daytrades, and tuck them away in the long term port. In a bull market this was acceptable, they got out ok. But this year, that type of undisciplined trading wiped many of them out. I feel it is crucial to go about trading in a methodical way, and choose your strategy before you enter. Go into a trade with a plan and stick to that plan.

To: CharlieChina who wrote (33)	1/16/2001 8:21:20 AM
From: Don Pueblo	Respond to of 223

90% of day traders lose more money than they can handle and stop in less than 6 months. Then a new 90% comes on board. The 10% that were here last year will be here next year.

To: CharlieChina who wrote (33)	1/17/2001 2:27:33 PM
From: the Chief	Respond to of 223

I think what 95% of the daytraders, swing or momentum people have found after March of 2000 ... is that the trading technique of throwing darts at a stock page doesn’t work anymore ,,, When it comes to daytrading Nicholas, you do not understand the first thing about it, so it doesn't surprise me that you have made this comment. The people that are" throwing darts at a stock page" were never daytraders in the first place, they were gamblers with no rules or direction. For those that are sucessful traders, it is irrelevant whether the market falls or rises, it is irrelevant whether it is a suckers ralley and it is irrelevant whether the Nas will be 3000 next month or 1500 the Chief