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Strategies & Market Trends : TATRADER GIZZARD STUDY--Stocks 12.00 or Less..... -- Ignore unavailable to you. Want to Upgrade?

To: Rashid Garuba who wrote (230)	5/9/1998 8:40:00 PM
From: TATRADER	Read Replies (3) \| Respond to of 59879

Rashid, tonight we discuss Connors on the 1st of Four Diseases of Dead Traders.... Hope "There are two times traders use hope, and both times it means they are doing something wrong. When a trader enters a position and hopes it will move in his or her favor, he or she obviously does not have a winning trading plan..A winning trading plan is one in which the historical odds of profitability are in your favor..One does not need hope for this"... The second time hope comes into play is when a trade is entered and it immediately becomes a loss. Instead of having a predetermined money management plan(A STOP), the trader becomes paralyzed(we call this the Bambi syndrome) and hopes the loss does not become bigger. This paralysis can last as little as a few minutes to as long as many weeks. Unfortunately, because of the paralysis, the loss eventually becomes very large, and the trader gets hurt." Mark, you had the BAMBI syndrome when you bought INTK.....SET PROTECTIVE STOPS, buddy, or you are dead.....