Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: AllansAlias who wrote (77634)	7/19/2003 6:27:25 PM
From: High Country Trader	Respond to of 209892

....>>>>> "Personally, I believe you could time your entries by darts and then winnow out your losers and add to your winners to accumulate wealth. ".....<<<< Just my way of saying that entries aren't that important, it's what you do what in a trade that does. Also, I believe that the vast majority of one's profits over time come from just a small proportion of one's total trades. Then again, perhaps I'm being a bit hypocritical as I certainly don't practice haphazard entries. I always heard you could give a losing system to a winning trader and he would come out profitable. Maybe on a related topic I knew a trader once who was as legitimate as they come (a rarity I'm finding among home-based traders) He traded a small amount of money (mid four figures) into a larger amount (mid six figures) over a period of about 5 years and had actual brokerage statements to support his claims (another rarity since if you ask the big talkers to put up or shut up via real money statements they always seem to vanish) Anyway, he then got the bright idea to package up his method and market it for close to a $1000. He sold close to 1000 copies of his methodology. I knew many of the purchasers and as best as I could determine, not one made money with his techniques. Which just shows how what determines trading success is something peculiar to the trader himself. Funny thing was, he quit being profitable after he sold his videos (I think the notoriety went to his head) and last I heard he filed for bankruptcy years later.