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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (1121)	12/10/1998 7:36:00 AM
From: HairBall	Respond to of 99985

Jon K: The folks on this thread, as per my experience with reading many of their post on and off this thread, have never hesitated at answering questions, newbie or not. It was the additional comment, about this thread being useless and your comment about having already gone to school and learned that 50/50 is as good as it gets, that raised the hair on the sore but improving "back of my neck". So, your questions are welcome, I just suggest you leave the digs off your post in the future. Regards, LG

To: Jon K. who wrote (1121)	12/10/1998 7:43:00 AM
From: Debra Orlow	Read Replies (1) \| Respond to of 99985

Jon, I applaud your desire to learn. Those of use who refuse to learn something new every day of our lives are doomed to repeating the same mistakes clothed in different packages. For books on t/a, those that have been mentioned are very good. I would like to add a few more to your list. "Timing the Market" by Curtis Arnold is a very good basic read. And there is always the classic "Technical Analysis of Stock Trends" by Edwards & Magee. This is long, and reads like an issue of Scientific American at times, but it is the ultimate referral. Tradestation is giving away a book right now as a promotion for their software called "Trading as a Business" by Charlie Wright. It does talk about Tradestation within its contents, but that doesn't take away from its merits as a valuable teaching tool with regards to setting up a technical trading "system", which includes money management. Hey, it's free, and it's one of the best around. Yeah, you get some advertisements for Tradestation along with it, but it is a good read. omegaresearch.com When I first started doing my research on t/a, I wanted to read everything and anything that had to do with chart formations, indicators, and "systems". I pushed aside anything that had the word "money management" in the title. I felt at that time that if I could become successful at trading the market thru the use of t/a, the money would manage itself. WRONG! Money management is THE most important part of any trader's repertoire. Any indicator will work if you get to know the intricacies of the movement, and your timing is right. But if your money management skills are lacking, you will lose. IMHO only, Debra