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


To: ajtj99 who wrote (41150)11/21/2002 11:29:42 PM
From: Joseph Silent  Respond to of 52237
 
AT,

I'm not disagreeing with your choice of direction. I'm addressing your choice of "never" and "always".

Yes, it's about risk and reward. But until you quantify both, they are words.

I doubt you (or anyone reasonable) will be willing to take infinite risk even for the type of empirical probability zero event you have defined.

J :)



To: ajtj99 who wrote (41150)11/22/2002 8:20:35 AM
From: Terry Whitman  Read Replies (1) | Respond to of 52237
 
Hey, we finally got some spirited discussion going on here. The thread lives. <g>

The 'last 3 years' are not indicative of the next three years. In fact- I'd say if you based all of your trading decisions on what happened 'the last 3 years', you'd be wrong more often than right.

For example- Look at all the rubes that bought INTC and CSCO or the QQQ in 1999 and 2000 based on the previous 3 years performance. Now THAT was stupid.

Maybe looking for a reversal in an overdone trend is not so stupid as you might think..