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Strategies & Market Trends : The Rational Analyst -- Ignore unavailable to you. Want to Upgrade?

To: The Perfect Hedge who wrote (790)	4/25/1998 6:17:00 PM
From: HeyRainier	Read Replies (1) \| Respond to of 1720

[ Quote and Thoughts ] From Sun Tzu's The Art of War: "...Whoever is first in the field and awaits the coming of the enemy will be fresh for the fight; whoever is second in the field and has to hasten to battle will arrive exhausted...therefore the clever combatant imposes his will on the enemy, but does not allow the enemy's will to be imposed on him..." One interpretation of this quote was: "One mark of a great soldier is that he fight on his own terms or fights not at all." The way I relate this to trading is that if I am looking to open a position in a stock, I will hesitate to acquire at any point unless my conditions for entry are met, and if I miss out on the window, I will most likely move on to the next opportunity rather than to extend myself by chasing up the missed issue. Regards, Rainier

To: The Perfect Hedge who wrote (790)	4/26/1998 10:46:00 AM
From: HeyRainier	Respond to of 1720

[ Rules Thread ] I would also recommend reading GD's new thread; there are some fairly experienced market participants who are now beginning to crop up and are sharing valuable insights. The link to it again is: exchange2000.com Regards, Rainier PS. The most important rule to your financial health: Do Not Average Down. It implies a cardinal sin in trading, and that is Trading Against The Trend, and to make it worse, one is doing so while acquiring a larger and larger position in which one can lose even more.