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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: AllansAlias who wrote (77631)	7/19/2003 5:33:40 PM
From: High Country Trader	Read Replies (1) \| Respond to of 209892

....>>>> Without a good entry, you simply don't give yourself a chance at having a winning trade.....<<< Some of what I posted was LeBeau and Lucas while the rest about maximizing your winners was my own personal opinions. Nothing to really debate here as we all have our own psychological trading beliefs and perceptions. I guess in the end it boils down to that maxim of how trading is such a unique and individualistic process and whatever works is what counts. Personally, I believe you could time your entries by darts and then winnow out your losers and add to your winners to accumulate wealth. While there may be lots of ways (methods, strategies, etc.) to make money in this game, my belief is there are very few though that enables you to actually accumulate wealth. I will say though I agree with you 100% about the bull and bear markets. Two entirely different animals in their duration, volatility, etc. and hence why I only trade from the long side. I can trade profitably from the short side but never could accumulate much money as from the bull markets since the bear never enabled me to aggressively add to my positions (the bear rallies are more destructive to position building than the bull reactions) There always seem to be a bull market somewhere, someplace, in some sector or asset class.

To: AllansAlias who wrote (77631)	7/19/2003 5:35:57 PM
From: bcrafty	Read Replies (1) \| Respond to of 209892

Allan, I agree with your feelings on entries The only things I might add to what you said is in your last paragraph where you say "entries are more difficult in a bear because you won't likely be saved by the big trend." In that sentence I assume you meant to say entries on the long side, since the "big trend" has now been down for the last three years. The problem that some shorts have had trading this rally is that they have been waiting for "the big trend" (the downtrend since 2000) to re-assert itself, but it is obviously taking a lot longer than many of them had anticipated.