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

To: lee kramer who wrote (24751)	4/1/2003 11:12:59 AM
From: Doug Robinson	Read Replies (1) \| Respond to of 26752

Wars, battles, analysts, Maria, hedge funds . . don't forget the pumpers and dumpers on the message boards. Gosh, no wonder some of the traders on these boards have vanished. Fear and greed are two emotions that every successful player must conquer if they are going to achieve the results they desire. The fear of what someone might say and the impact that it will have on a stock indicates a lack of confidence in one's opinion and their methodology. Professionals that work in the market understand that it's a business that involves risks, just like any other business. When a lose occurs they accept it as part of doing business. The key to their success is that they have supreme confidence in their process . . it has been profitable for many years. Good judgement, patience, and capital are additional elements required to be successful in the markets. Knowledge of how the market works, by itself, is very important but one needs all of the above to be successful in the market over a long period of time. The above are the important elements of a successful methodology which provides not only the financial results a professional desires but also the mental poise or ease that one has when they make a move.