To: Chris G. who wrote (7769 ) 1/14/1998 7:53:00 PM From: David R. Evans Read Replies (4) | Respond to
Hello Chris,BUT you must extend the results to something useful for you. out of the trade and think about your money being in a different stock winning 5 out of 6 times you do it. Are those numbers OK for you?BUT you can start building some common ground for further evaluations. YOURSELF! What type of person are YOU? Will you draw up a trading plan then STICK TO IT?? If not then you are wasting your time. CONSISTANT PROFIT! Consistent profit is the only profit that counts so when you build your system please look for something that works over many charts and not just your favorites.BUT NOT UNTIL you've had a few winners under your belt. BEFORE you enter the trade. BUT please remember that I've been doing this for a long time. I have a good idea about ME and I trust my feelings. No new trader should trust his feelings. Feeling are the enemy!! New traders should only trust the charts!! Once again, NEW TRADERS SHOULD ONLY TRUST THE CHARTS BUT at lease you have something to give back. You will NEVER, NEVER, NEVER get in at the bottom and out at the top!! It's impossible so don't even try. The best thing you can hope for is to find a nice wave up and ride the heck out of it.. That's what TA is all about. The longer term systems try to get the entire ride and the shorter term systems try to pick out a smaller portion of the ride. In either case, it's the RIDE that we are looking for.UNTIL THEN , please trade longer term with established systems like DNS or Dahl, or MACD (13-34-89), or 5 - 40 Xovers, or 200 EMA's. BUT I'd rather do that then hear about people losing money.
