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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: Jon K. who wrote (10706)	3/7/1999 7:29:00 AM
From: Ron McKinnon	Read Replies (1) \| Respond to of 56535

Jon, you are very right about conflicts in those posts I did not edit some of the things I took off my inventory of trading ideasI either wrote some of those myself or stole some from others posts so there is conflict to bail myself out on that let me try this on "never buy a falling knife" that refers to a stock that is steadily falling and shows no sign yet of a turn the other relates to a stock that has dropped big on huge volume suggesting a "capitulation" bottom; often if a "tail" is left but one can get hurt either way as I found out buying CPU late on Thursday after watching it for many months I thought that it had finally reached a "safe" price level, that all bad news had been factored in, and the the big selling volume was the last and final selloff when they warned after market and opened Fri gap down 25% I was proved very very wrong so, as I said, do not take everything I posted a gospel; just extract the parts that seem to be right for you then edit YOUR rules/goals over time as experience tells you which seem to work best for your style glad some of the ideas helped

To: Jon K. who wrote (10706)	3/7/1999 12:38:00 PM
From: Trader J	Read Replies (2) \| Respond to of 56535

**All: Book Review - With all the discussion of late regarding the Psychological factors and discipline as they apply to trading, I want to turn you all onto a very, very, good book: "The Inner Game of Trading". In fact, I want you to go to your local bookstore before buying it and read pages 69-70, and 79. In actuality, the entire book is superior to any other IMO as it relates to discipline and psychology behind our art. It is not a trading "how-to" book and only briefly covers actual chart patterns, and technical indicators, but it does cover, in depth, what I believe to be the most important factors. Remember that I believe the trading is 75% Discipline (Mental) and 25% capital preservation (Money System). I think you will find it a very good read. Trade Well Tj