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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: SusieQ1065 who wrote (4584)	6/20/2002 3:10:54 PM
From: GraceZ	Read Replies (1) \| Respond to of 17639

Trading is a minority game. The minority wins while the majority loses. Gradually, over time, the other players either switch to the methods of the winning minority or are eliminated. Once the majority has switched to the previous winning method then you need to change your strategy. Those who switch too soon lose, those who switch too late give back their gains. Figuring out when to switch is the hard part. You have to be able to guess what everyone else is doing on an accurate basis, but most of all you have to be flexible enough to switch, which means you can't hold prejudice against long or short. The sad part is that in the end of the game it almost always the house that wins and the players go home broke....but since the game tends to give nice gains for long periods of time, people get suckered into playing what is a game that is stacked against them. Everyone thinks they will be one of the few who wins in the end.