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Strategies & Market Trends : TA Science Projects & Experimental Indicators -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (123)	5/28/1998 1:37:00 AM
From: ftth	Read Replies (1) \| Respond to of 237

[TA QUOTE OF THE DAY] Most traders do the same thing. Everybody reads the same books, everybody applies the same strategies. If it were that simple, everybody would be rich. But it's not that simple. It goes way beyond that. Take the futures markets. Maybe 95-98% of the traders out there lose. What are all these people doing? I would venture to say that the majority of the people who end up losing money do so because of poor money management. I don't even think it's trade execution, it's just poor money management. Many of these traders go into denial when a position is moving against them --Hedge fund manager Laurence Conners