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Strategies & Market Trends : E-Mini Pit -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (1957)	2/28/2002 2:38:42 PM
From: rocklobster	Read Replies (1) \| Respond to of 11288

Nemer, how do you define strong hands...it seems like you advocate being nimble, yet I would think of the concept of strong hands to be someone who takes a position and sticks with it. it seems these two ideas are contradictory. I've watched you for a while and I respect your input, so I'm just wondering how you would characterize strong hands in reference to your four rules? thanks a lot for the input. I've read a lot of trading books and these things you mention are very common threads. implementing them on the other hand is a bit more difficult. as they say " common sense is a most uncommon thing" and it seems every bit as appropriate in the markets as in real life. rok

To: Nemer who wrote (1957)	2/28/2002 2:44:11 PM
From: SE	Read Replies (3) \| Respond to of 11288

I read in a book, cannot recall which one at this moment, the following thought. I think it is a very good thought. You must come to understand and accept that at any given moment you have no idea what the market will do. None. Once you do that you will be on your way to being a good trader. The key is finding a methodology that over a sample set of trades shows a profit. That is an edge and it means that if that setup occurs, the market is more likely to go in the direction you think it will go, than to go in the opposite direction. Does that mean it will? No. That is where step one comes in...realization that you have no idea what direction it will go. You can only put the odds in your favor and then let the market do what it will. Once you accept that, losses mean nothing as they are a cost of the business. They don't damage you ego and you don't care any longer about "being right." All you care about is consistent application of your plan (read edge) which over time will make larger deposits into your account, than withdrawls from it. Scott

To: Nemer who wrote (1957)	2/28/2002 2:55:49 PM
From: KipferlMeister	Read Replies (2) \| Respond to of 11288

I, too, would be interested in an expanded explanation of what "strong hands" are. I note you said, "the aim of the market is to move money to strong hands from weak ones," ...that's "money," not "shares." So are you just equating strength with ...well, conviction? Conviction seems to presuppose the kind of preconceived notions on a stock's or market's future direction which you warn against, so I guess I'm confused. Thanks for any clarification. -Michael

To: Nemer who wrote (1957)	2/28/2002 9:55:04 PM
From: the-phoenix	Respond to of 11288

Nemer: I'm making it POST OF THE DAY.

To: Nemer who wrote (1957)	3/1/2002 12:37:59 AM
From: jefe12	Respond to of 11288

Nemer- I thought this post today was fantastic. I didn't comment on it during the day as I was very busy with my work and trying to tradee at the same time. I just went through and read all the comments made today, and I can personally tell you that it will affect my trading as I went through all my trades this month and I averaged all the points I lost on all my losers and realized that I'm waiting way too long to cut my losses. I already knew that I wait too long, but I didn't relaize by how much until I calculated it today. I just started trading a month ago 1/31/02 so I guess it takes some time to learn. BEtter now than later. THanks for the posts. jefe12