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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: RWS who wrote (18998)5/23/1998 11:40:00 AM
From: Temple Williams  Read Replies (2) | Respond to of 94695
 
I think the secret to successful trading is to use simple, "Forrest Gump" tactics to get into the market, and then use EWave to either stay in or jump ship. Works for me. If you're having trouble sleeping and you want to see a detailed account of my actual trading ... the live trading diary I keep ... it's here at skansearch.com (Warning: the pages can take a long time to load cause they're loaded with charts and stuff). The diary forces me to consider my trades carefully, before I make them. The entries are made anywhere from 10 minutes to 10 hours before I make the actual trade -- always, with one rare exception -- and this discipline alone has improved my success rate to over 80%. I cannot make a trade unless it is analyzed and entered beforehand (there is a rare exception to this ... there's one on Friday when I was picked off on a stop ... but it really is rare). I think an 80% success rate is a phenomenal number, as I'm sure any trader would admit. The diary, which I have kept for many months (but only started to publish as an educational tool a few weeks ago), is a tremendous source of information to me personally. But if you're not a trader, it will put you to sleep in a matter of minutes. Great trading/investing/whatever to all, and have a sober Memorial Day. And, please, remember why it's Memorial Day.
Temple