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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: LTK007 who wrote (7726)5/24/2008 6:34:10 PM
From: Real Man  Read Replies (2) | Respond to of 71454
 
Quite likely Gann did die broke. If enough people use planets
in the market, then Astrology will rule -g-
travismorien.com

I've seen GZ make quite accurate forecasts in the past, and
he seems to be using some of Gann's methods, and definitely
the general approach. However, nothing
is consistent, and there lies the problem:
Rich/broke/rich/broke, the fate of many excellent traders. Bad
ones just go broke. -g- No matter what you do, the house
always takes some. -g-

Excellent traders will have their moment on top of the
world, though - until they lose it all again... The trick
is to quit while you are on top of the World. Greed does
not allow that. Human psychology is such that, while on
top of the World, one keeps placing ever increasing bets
taking ever increased risk. Then the model breaks down.
Trading is certainly high risk activity. It catches up with
you. -g-