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Hi Jonathan,
Tuesday, December 16, 2003, 2:08:32 PM, you wrote:
JV> Think about it #8211; if you #8217;d gone long at the low of the
JV> first bar, you #8217;re feeling pretty good as it moves up... But
JV> then suddenly you #8217;ve got this big gap DOWN and now you
JV> #8217;re hurting. So maybe you wait a while for it to retrace
JV> and fill the gap, which it does but fails to make a new high, and
JV> then you decide #8220;to hell with this, I #8217;m out flat...
JV> #8221; and sell, adding to the pressure pushing it down. Then
JV> someone else does the same thing on the second bar, third bar...
JV> You get the picture.
If everyone thought like you, I'd make less money. ^_^ Seriously,
this is the way you have to think -- like the *other* person. Imagine
who is in trouble, and trade accordingly. Very well said.
Best,
Yuki
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