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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?


To: Susan G who wrote (3583)11/2/2001 1:00:10 PM
From: Doug Robinson  Read Replies (1) | Respond to of 26752
 
" . . inasmuch as it is the second step, the buying will be more courageous, and the advance ..." This from a very successful trader in the 1920's and '30's. Sounds a lot like Linda's tip.

Much of what today's experts advise has been well known for many decades. I've found the old advice has worked very well for me for many years. Interestingly, when I've attempted to add in some of the newer ideas, the increased trading activity has resulted in lower returns with a loss of the freedom that I've gotten to appreciate by leaving the everyday trading to those that feel they need to be active everyday.

Leaving the everyday trading to the market makers and day traders provides the setups that have worked for as for long as I've traded and long before I started. It's one heck of a lot easier than wondering what a stock will do for the next ten minutes and where the index's are heading. More importantly, in my experience, it's a lot more profitable and let's me do what I want when I want. Life's too short to be watching a monitor all day long.