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PureBytes Links
Trading Reference Links
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I think that the MetaStock List service will be helpful as I get more
involved in active trading. We all should be painfully aware that trading
involves not only a great deal of market analysis(FA and TA) but the
development of a sixth sense of what the next market move will be. The
market is an arena of millions of investors around the world most of whome
invest by the 'seat of their pants' or by rumor or whatever. The old adage
of the markets operating by fear and greed as well as supply and demand are
still valid. 85% of investors lose money so we should all try to be in the
15% who make money. Don't ever make the mistake that it will be easy. The
competition is fierce. By the way I noticed that there are several PhDs on
the list. I have one in Physics, but for all of you who don't have
one--rejoice! In the rough world of trading, a PhD and a $1.00 will get
you a cup of coffee- nothing more. You have to have the determination and
willingness to really study and avoid all of the tips and advice from
brokers who could care less about you except for their commissions.
Now that I have given a lecture on my investing philosophy, let me hear
from any of you--good or bad. I don't have a thin skin.
I want to add that from the E-mail I have read so far, A lot of it is just
chit-chat. I seems to me we all should discuss real problems and ask for
or give possible solutions to make this business of investing easier and
more profitable. MetaStock is great but it won't make the decisions for
you. I would like to hear from someone about a bad trade and, after
analysis, what did you do wrong-- or a successful trade and what did you do
right.
Best wishes from Cocoa Beach, FL
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