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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Ron Dior who wrote (96960)	7/22/2002 11:03:41 AM
From: Jack T. Pearson	Respond to of 99280

You cannot make money without risk. You got that? By trading in and out or by sitting in cash you are trying in essence to overt or escape your risk. Doing this will never make you a dime worth holding and eventually put you in either Butler or bankruptcy court. Reminds me of Calvin in a Calvin and Hobbs cartoon. The following is from memory and may be somewhat off: Calvin stated that he believed in throwing himself into life and not worrying about risk because you never know when you will step into the street and get hit by a truck. Hobbs replied that he believed in looking both ways before stepping into the street.

To: Ron Dior who wrote (96960)	7/22/2002 11:10:22 AM
From: Win-Lose-Draw	Read Replies (1) \| Respond to of 99280

ron, the only problem i have with your position is that you don't seem to understand that if a market is truly unpredictable in the short-term it is also unpredictable in the long run. any long run. if the market is biased to the upside over the long run then it is marginably predictable in the short term. you cannot say "it wil go up" and at the same time claim nobody can tell where the market is going. people are making money on both the long and short side of this market. this has been a fabulous year for 1-7 day swing traders.