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Strategies & Market Trends : Trading From Main Street. -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (69)	5/11/2001 7:02:08 PM
From: Brandon	Respond to of 226

As I said in the prior message, the last week has one marked by incredible narrowness in the market. In todays trading we had 5 trades that setup, 2 plus, 3 negative for a breakeven day. Certainly nothing to write home about. Reminds me of fishing. When I was young, my favorite thing to do was go fishing. It got to the point that my cousin and I would bug my mother so much to take us fishing, she said fish would officially be deemed a four letter word. Tonight I was thinking a bit about fishing and its parallels to our lives as traders. An old fisherman has "his spot" in the river, one he returns to time and again. He castes his line out and waits for the fish to bite. Sometimes they do, sometimes they do not, but he knows he has a good spot and stays there. He has patience. A professional trader is much the same. The professional trader has a few setups that (s)he will watch and knows how they work because they use this setup time and again. A professional trader will have his or her line caste all day, knowing that the fish will bite and over time he or she will do fine. Have a great weekend. Brandon