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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: High Country Trader who wrote (11894)	4/30/2002 2:27:16 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

I'm really obsessed with trade discipline so ,even if the trade works out it was still a bad move. To a certain extent, I disagree. You saw yesterdays action for what it was. You were correct in recognizing the divergence as we now see in this existential moment. In the world series of poker, at a certain point, all money players have to take calculated risks in order to win the coveted championship. Otherwise, they wouldn't take home the cool million and coveted prize "winner take all" And since this was such a small 'wager' on your part, no real harm done. Now look at the fruits of you recognition - although it is only one day. You took a calculated risk, and the risk paid off. Here are a few questions for you. If the market finishes strong today, do you ante up a larger position in tech? Or do you not need to as datelining will be the trade du joir? If the market tails off and finishes weaker, do you add to yesterday buy-in less than if it is a strong close, or don't add at all or do you take profit and run? Best Regards, J.T.