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

To: Brian Hornby who wrote (9231)	12/2/1998 1:33:00 AM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I think that people who, as a rule, are successful trading based on the advice of others have two things (other than the good fortune of good advice) going for them; a belief in the system and a willingness to take responsibility for the trade. Both are difficult. At one time or another I have had as many as five advisories at once, perhaps more. Of course most often they conflict. All I end up doing is whatever I decide myself but now my viewpoint is broader because I will see things that would never have occurred to me. Also I get an idea where each advisor's strong points are. Gene Inger for example is an excellent stock picker but unless there is a sustained spoo move you could go broke relying on every stop he provides. You won't lose any money doing what Mark Cook tells you to do but then you'll probably rarely make a trade. Good luck with the puts. I used to do okay legging into spreads but just over a year ago the swings got so large I gave it up. If you look at the extremes of the SPX over the last two, three months and compare them to perhaps 2 years ago you'll see why I decided I could not compete in that arena any longer.