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


To: nsumir81 who wrote (12357)5/17/2002 10:26:12 PM
From: marginmike  Respond to of 19219
 
I apologize then, so used to everyone attacking JT, dont see those apologizing when the rally has materialized.



To: nsumir81 who wrote (12357)5/17/2002 10:49:51 PM
From: J.T.  Read Replies (1) | Respond to of 19219
 
I was posting about some OTHER folks here who imo do not seem act that way.

This happens on the majority of threads. Most all commit the same crime. Bull or Bear.

Even the ones who say the market is boss let their preconceived 'market direction' get in the way of them making money. I saw it happen multiple times this week. Trying to nail the bottom only to be 'left behind' on another monster reversal back up.

It is the do as I say not as I do strategy.

The elect few who have been able to overcome this shortcoming are the ones who know better than 99.9% of traders to cut losses quickly.

I am not there yet. It is my greatest shortcoming.

I let my broad market outlook supercede cutting losses. For me these are only paper losses until I sell.

Therein lies the rub.

Best Regards, J.T.