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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: OZ who wrote (14346)	10/9/2001 9:53:39 AM
From: hypostomus	Read Replies (1) \| Respond to of 18137

Oz - Re "...that is just one of the unique virtues that I have seen between them..", could you comment on more of the qualities you have observed in great traders? Thanks. - Mike

To: OZ who wrote (14346)	10/9/2001 3:02:55 PM
From: Dominick	Respond to of 18137

OZ: There's a saying something to the effect that 90%of the public's behavior works to the advantage of the 10%. The difference between a money maker and those who aren't is the money maker does not, in a sense, value the money he risks, (he's detached), and has a trading plan that he totally, and I mean totally, believes in even during the losing streaks. The other 90% lacks the discipline to follow their plan. When they get in a losing streak, they crack and start to value their money even more and begin changing things thereby submitting to their emotions. Dominick