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To: Graystone who wrote (1627)	7/14/2003 3:39:11 AM
From: CountofMoneyCristo	Respond to of 3143

I agree, and I've been a regular reader of FADG, though I haven't posted there in a long time. There are a great many brilliant political minds there, Nadine Carroll being one outstanding example in my opinion. Think I'll just give my feeling on trading here and now, and keep it brief: Find a market you know. Use TA only when it coincides with news events, and then use your experience and knowledge to decipher what the news really means, as very often it does not mean what it seems to mean at first glance. This is one of my favorite trading set-ups: when the news says one thing and the market does the opposite, there's a message there. I'm sure the talent pool here has thought about this, and there are many discussions on these topics. Just beware the more impressive-sounding and complex TA: there are Nobel Prize Laureates who got cleaned out by falling in love with complex indicators of their own design: see October 1998 Long Term Capital and Victor Niederhoffer, one of the greatest traders around until he got overconfident and took a major risk. I say this because there are interests out there who want you to fall for complex indicators. If you take the time to historically back-test them, with care, then you'll see a million permutations, that's there's no golden indicator that ignored news events. Time in relation to a proporational move and news to me is the best way of viewing a trade. Also, ensure you're trading either a stock or commodity that is not prone to manipulation, which means it has to be an extremely high volume and prominent stock or commodity. Beware illiquid anything; it will burn you sooner or later. (See LTCM.)