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Strategies & Market Trends : Trend Setters and Range Riders -- Ignore unavailable to you. Want to Upgrade?

To: lee kramer who wrote (24720)	3/24/2003 9:22:46 AM
From: Doug Robinson	Read Replies (2) \| Respond to of 26752

If "trading styles" refers to the ability to determine the time when a rising market/stock or the time when a declining market/stock), has halted and is about to reverse, then I totally agree with you that is the most important factor in determining the long term success of a trader or investor. In over 35 years of experience, I have found very few players that year in and year out make substantial money in the market. The few that do have the ability to make the determination when such turning points occur and start to take aggressive action at these points when the vast majority feel it is much to risky. My reference to "a few players" refers to those that make big money in their own accounts. It doesn't include a substantially greater group that sells services, books or makes commissions/salaries as brokers, traders, managers, etc., from those interested or participating in the market. Much earlier in my life I thought that these folks offered a great deal. Later, I concluded that a cliche that I heard back in the '70's was frequently appropriate . . "the clueless follow the clueless".