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The reason why it's not so easy is that there are always a number of possible
outcomes of every scenario. Unless you have a strategy which is able to pick the more
likely outcome with grater than random probability and capitilize on it, then
ultimately you will loose.
Pete Halllock wrote:
>
> Paul,
>
> It amazes me to see the huge variety of "packaging" methods and hype
> associated with so many of the systems and strategies being offered for
> sale. But it has to be that way because if most traders knew that there
> really is less than meets the eye to successful trading then how could
> one sell this stuff.
>
> Please correct me if I'm wrong but it seems to me that every profitable
> trader does the same thing:
>
> 1. finds a trending market and enters on a pullback
> Option 2. After entering the market the trend does not resume.
> 2. or finds a trading range market and trades the swings
>
Option 2. Market breaks out into a trend
> 3. or finds a potential breakout situation and goes with the
> flow
Option 2. The market fails to follow through.
>
> 4. or finds what looks like a top or bottom formation and
> climbs on for the return trip.
>
Option 2. Unfortunately it was only a consolidation and the market does not
reverse.
Option 3.
Option ...
> Pete
--
,-._|\ Richard
/ Oz \
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