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This is the kind of market wisdom you don't find from any of the gurus.
Thanks to Norm, Wayne and Walt for sharing this stuff. The real knowledge
of trading is EXTREMELY difficult to even find - to say nothing of then
learning it and then practicing it.
Very well said indeed.
It's great to read posts from the traders you mention above - and others of
the same ilk.
Money management and its proper application is, without doubt, the real lesson
that has to be learned for successful trading. Knowing the
support/resistence/fibonacci numbers/ etc. may put you in a trade, but it's
money management that is going to make you money out of it.
We have a gallon of predictions on RT - and those put forward by traders who
trade, without a tool to grind and which are based on evident knowledge, are
most useful; but when one sees concepts for good money management being
propounded by traders who really know what's what, everybody benefits. Great!
Bill Eykyn
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