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Strategies & Market Trends : Strictly Buy and Sell Set Ups -- Ignore unavailable to you. Want to Upgrade?

To: jude_the_cat who wrote (8524)	3/23/2006 9:23:06 AM
From: chowder	Read Replies (1) \| Respond to of 13449

Congratulations on your fine results! Please allow me to share my views of a trading plan. There have been quite a few people dropping in to view what is going on here and they may not know what it is I'm trying to achieve. When I was selling mutual funds, I used to subscribe to a service that tracked mutual fund manager's results. This service would provide a grade from A to E on a fund manager's performance in a bull or bear market. Most fund managers received an A rating in a bull market. A rising tide lifts most boats. In a bear market though, most fund managers received an E rating. Most gains were given back which is why 80% of fund managers can not consistently outperform the market. Peter Lynch, considered one of the best fund managers we know of, received and A rating in a bull market, a D rating in a bear market. Lynch gave back a lot of returns in a bear market, but not as much as most. This slight edge was good enough to keep him at the top or near it. Of course, this tracking period was during the greatest bull market of all time. Michael Price was a guy who caught my attention. His ratings were B in a bull market, B in a bear market. In other words, his results were consistent. It was that consistency that help him to retire a very wealthy, wealthy man. Templeton eventually bought out his successful funds. My objective is to be consistent. To make money in any type of market. I won't have the best results year to year. I will maintain most of what I earn though due to good money management practices. When one starts to feel euphoric about their results, it's time to raise the stops. We humans have a tendency of feeling invincible when we are doing well. The market has a way of making us become a little more humble. Hold on to them profits. Don't let the market take them back. You've done a great job, congratulations. dabum