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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (5666)	10/7/1998 11:15:00 AM
From: Stoctrash	Read Replies (2) \| Respond to of 44573

Arik, I believe you've been a bear for a while (me too), where do you see support? Does it jive with Dynamite Donald Sew et all? If you've survived trading this market...then you've been successful!!!

To: Arik T.G. who wrote (5666)	10/7/1998 11:22:00 AM
From: Tom Trader	Respond to of 44573

>>So it's been 3 sells in a row Yep >> and only money management stops had stopped you out of taking the profit<< Pretty much--most signals produce some intra-day profits; the problem is that by the time it reverses, I could end up losing money or at best giving up a lot of the profits. >>Looks like the volatility of the market shook your system, too. For sure But a stable system will get back in line -- and until it does money management becomes key. >>I did so so last month, trying to better my trader skills. I was right more often then not, but couldn't translate that to a significant improvement of my net. Winning in spoonfuls and losing in buckets.<< Not sure whether you use a system or not when entering and exiting trades but here is an excerpt from a private communication that I sent someone who sought my advice/guidance. It is VERY difficult to stick to the system that one has and know works -- but you must do so WITHOUT EXCEPTION. Failure to do so will cost you dearly. Some one once said that one must embrace ones losses -- another said that he views losses as a cost of doing business. Both statements are very accurate. I have taken several sizable losses recently following my system--and it is at such times that it becomes most difficult to follow the system--but it is also when one MUST do so. Anyone can follow a system when it is making money -- the tough part is to follow it when one is not. But -- if one has a good system, in the long run, it will make money--and that is what matters.