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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Boca_PETE who wrote (12571)	3/1/2001 1:26:54 PM
From: axp	Read Replies (1) \| Respond to of 42834

re: Probably only the most skilled trader is capable of doing this successfully. I read a lot of statements like this one with "skilled trader" being replaced by "the big boys", "the smart money", "the professionals", etc. It's tempting to think that if we were just smart enough we (or the advisor we choose to follow) could consistently beat the market. Personally I've capitulated to the theory that says doing that is impossible. Given that, there are still plenty of investing strategies that don't depend on prediction and I've enjoyed a lot smoother ride with less anxiety since I chose one of them. No claims about it being the best, just one that fits my personality and investing goals. Pertinent to this thread, it does not involve making decisions based on someone else's black box market model. At the moment I'm slowly loading up on solid companies at what appear to be bargain prices and valuations (not the QQQs) and taking a few profits in some that have bucked the trend.

To: Boca_PETE who wrote (12571)	3/1/2001 10:21:02 PM
From: Rillinois	Read Replies (2) \| Respond to of 42834

PETE from STAMFORD, CT, Re: Having experienced "the wrong road" related to the CTR1 mental "$84 Stop Market Loss", I can understand why he was reluctant to repeat that experience last fall. I sure can't. It seems to me Bob got it wrong both times. CTR1's decision to pull the plug if and when the QQQ's hit 84 was based on Bob fearing a winning trade turning into a loser after he already gave back much of the gain and not any sound trading advice. He let his emotions get involved and he sold on weakness. Something only little girls do. (No offense to the little girls out there.) CTR2's decision not to pull the plug was based on Bob fearing having to deal with an official losing trade and not exogenous events that he could not control. He let his ego get in the way and he held on to a loser. Something only market timing radio personalities do. Best Regards. Rillinois