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Strategies & Market Trends : Technical Analysis - Beginners -- Ignore unavailable to you. Want to Upgrade?

To: Gary H who wrote (8980)	12/7/1998 8:48:00 AM
From: Tom Halkar	Read Replies (1) \| Respond to of 12039

Gary Thank you for responding to my request. Yes, it is helpful for me to understand the psychology of the market. More importantly, is my own personal psychology to the market. TA is phenomenal, however a trade can still lose money if a person's psychology is not in sync with their trading style and operating from fear. That is why Dave says you must know yourself and the style of trading you will use. Be it short, intermediate, or long holding period on a trade. I like the short side of the market and play the minor moves in a stock. My psychology works best with that type of mind set. That is where your book will be helpful to me, because it will add new information for me to process, which will help to develop my mind set. The great thing is that whatever style money can be made. First, we learn about ourselves and the style that works best for us. After that you build a system around that mind set and develop a set of indicators that will support that mind set and results. Season Greetings Tom The Windy City