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Strategies & Market Trends : The Final Frontier - Online Remote Trading -- Ignore unavailable to you. Want to Upgrade?

To: TFF who wrote (2107)	1/3/1998 11:00:00 AM
From: TFF	Respond to of 12617

ALL: an enlightening email: just as "position,position,position" is the clarion call of the property dealer, so too "psyche, psyche, psyche" really is a vital component of any traders ability to beat the market. State of mind can be everything. There are people out there with trading methodologies which are plain and simply wrong. Yet they can make money. Why? Because they can perceive where they are going wrong on a trade and intuitively know which to cut out and which to run. In terms of refining a trading system, I think this very much varies from trader to trader and also on the type of system. If its a mechanised system then the maintenance must be very carefully undertaken to avoid curve-fitting. With less mechanised traders, the use of a diary with regular weekly and monthly as well as quarterly and annual check-ups of performance would be a worthwhile exercize.