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Strategies & Market Trends : From the Trading Desk -- Ignore unavailable to you. Want to Upgrade?

To: Lee Lichterman III who wrote (3211)	6/10/1998 1:37:00 AM
From: Mark Myword	Respond to of 4969

>> good luck if you don't use TA.<< L3 - I wasn't trying to make a case for or against TA , only stating what the author's strategy is. Personally , I think that the best way to trade is to base it on fundamentals , as to the "why" of going long or short (stock or commodity) , and then employ TA for the "when" part of the trade , which is equally important. If both the fundamental outlook and the technical picture line up to point you in the same direction , then you are making a trade with less risk and a higher probability of a good payoff , and therefore you can bet more per situation than you would otherwise feel comfortable with. And , it's much less nerve-wracking to have a winning , profitable trade or two , than to have numerous situations to monitor and manage. In short , make fewer trades , wait for the best situations , and get the big payoffs when they are there , and you will live well.