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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: dennis michael patterson who wrote (33284)	3/27/2002 10:56:02 AM
From: velociraptor_	Read Replies (3) \| Respond to of 52237

Absolutely. I think trying to read the fine structure of movement everyday will drive you nuts and sometimes you may need to have 2-3 entries into a position, but in the end it all works out in the bigger picture usually. If it doesn't you should always have a break point that tells you to stand back and re-assess the bigger picture. There will always be a little wiggle room though. Before I knew what I was doing, I used to follow those that did and sometimes they got it wrong. I would always think, "geez, you suck" and then you know what? A little overshoot here or there or an extra missed wiggle and maybe a few points or days later they were right and I missed a good opportunity or worse, bailed on something with a loss which could have been a profit. I respect the work of a lot of people now, even when they don't always get it right. They never will, but if they keep hitting a larger percentage right and catch some bigger moves, then they're still winners and also when they have the know to admit things are wrong, that's also a plus. Playing the market is a patient kind of game and one has to constantly make adjustments to what you see while at the same time, stick with an outlook based on the weight of evidence until you get the break that says it's wrong.