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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (24128)	12/23/2002 3:36:10 PM
From: Canuck Dave	Respond to of 36161

George, I think it's more a case of flexibility. Some times, you can make a large percentage return trading. I think these times are actually fairly rare and the tech boom has skewed everyone's perception. At all times, you take what the market is giving, or more correctly, what the market is rewarding. Sometimes the best strategy is just STAY OUT, and right now it appears to be buy and hold golds, oils, etc, etc. Never a right or wrong answer regards trading, and you can always make profits on the swings if you're prepared to put the time and effort into it. The rules aren't really that complex. The high commissions up here in Canada are a blessing sometimes as you have to think really hard about your trades or you never make any money on them in the long haul. Just my opinion. CD

To: Crimson Ghost who wrote (24128)	12/23/2002 3:59:29 PM
From: isopatch	Read Replies (1) \| Respond to of 36161

George. Only a small %age can make a living trading. I've been doing it for a long time, and don't claim to be a genius. There are plenty of other pros AWA a few amateurs who are better at this than me. But in fairness, they generally work much longer hours than I do. At 58, it's as much fun to spend it as to earn it. Of course, that takes a little time and dedication.<g> Think it bears repeating twice in one day that.... Because of the way we originally set this thread up, we've attracted a group that includes a larger than average number of people with the talent, and discipline to go pro over the next few years AWA as a few who are there already. Sorry George, But I DON'T see you doing a lot of trading. What I see is someone who sits on the sidelines for lengthy periods missing large moves. And lets's call a spade a spade. That's not being conservative. It's just old fashioned FEAR, and an inadequate understanding of trend strength. Finally George, you have to remember WHO you are posting to when you come out with something like: <you can't depend upon trading> There's a least a half dozen folks here who that doesn't apply to. There's no requirement to be perfect to be a successful trader. Far from it. If I'm right 51% of the time and cut my losses when I'm wrong? The arithmetic is simple. I'll make a huge amount of money over the LT. And truth is, I'm right a lot more than 51% of the time. Isopatch