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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: shasta23 who wrote (7446)	1/2/1998 2:52:00 PM
From: David R. Evans	Read Replies (2) \| Respond to of 12039

Hello Stefan, Thank you again for the kind words....... I think Systematic is a very good word and fits the way people should try to trade. I do not think that there are too many people out there that trade off of one signal or indicator. In most cases they build a system that reflects their personalities and mind sets. A good system will take into account all the good and bad that might happen when you trade and your reactions to these events. As you develop you will build in some space for more intuition and human decisions to conform with your comfort level. Most successful traders start out very mechanical then grow into the intuition side of the ledger. Why? Because you need to build the right discipline to trade. You must be able to build a good system and TRUST a good system. You must then be able to evaluate your system to ensure that it stays good and current with the Market environment. Once you have that discipline built where you can buy and sell WITHOUT EMOTION, you can then trust yourself to allow your intuition into the equation. Little by little you are able to "FELL" the trade as it grows. Eventually you will be able to predict what the chart will say before it says it. "DANGER---DANGER" Do not try this now!!!!! It can take YEARS before you get to this type of trading. If you try to make the jump too quick it could cost you dearly... It is an evolution that will develop if you give it the proper time and space. Keep posting and prepare for Cleveland. Always try to Teach, Learn, and Share... Dave Evans