> What is the most important information about trading that one can >embrace and over time can eventually prosper?
>Sound Money Management can turn any trading system with a positive >expectation into an even better one but it can not turn a negative >expectation into a winning system (RalphVince< "PortfolioManagment >Formulas, 1990).
Hard work! Just like any other job. It can reward you with leisure time, but that comes later.
> What is it exactly that makes people spend so much time chasing the >stock market or any market for that matter?
>Money, money, money ....
>must be funny,
>in a rich man's world (ABBA).
>It's good fun, to boot, and I sacked the boss!
Its fun, the whole world actually plays, but most of them don't know it. I think it's the freedom that it offers, and ultimately, I am responsible for myself, and I get the rewards/penalties for the work and skills that I bring to the table.
> How can one really understand the market waives in which it flows
>I didn't even whisper that answer to my wife in the bedroom!
You can't. You try and work out the big picture first ( the global waves ) and that's all you need - you don't try to "understand" the smaller waves, you just catch em when the surf's up. ( I will not be pursuing the bedroom allusion )
> or how does one trader out perform other trader when both are using the >same indicators and information.
I have never actually known any two traders to use the same technicals on the same markets. Most traders I come across have some "intuition" to add to the technicals as well.
>Everyone specialises, over time, so we are all 'doing it my way' >(FrankSinatra) .
>Trading is a high performance sport so approach it as if you are trying to >get on the US track and field team (insert your fantasy dream in place of '>get on the US track and field team' ... no, not the one involving Angelie >Jolie).
> Why is it that the MACD is so important to some and not others?
>Some believe in it and some don't.
>Aaronson does a reasonable job of elucidating the foibles of the mind, as >evidenced by traders behaviour, in the first section of his book ">EvidenceBasedTechn icalAnalysis" ... for an amateur!
>"You can't be a high performance flyer, on one wing, even a gold one".
>Guru Brian says, "Read one hundred times, believe 1%".
>brian_z *:-)
Robert Z