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> In terms of systematic trading, one of the major lessons from the Three Mile
> Island Nuclear accident was "believe your indications". In other words, if
> the meters and dials tell you that your power plant is melting down, act
> like it is and put it in a safe configuration.
Yep, now the same meters and dials of the Tsjernobyl plant..........................
They weren't signaling "a fire starting" or "bad weather ahead" !!!!!
The trick is to stay flexible, let the market see you right by doing your analysis right,
andif/when wrong adjust.
Indications you are right on, but meters and dials etc are only static measuring tools,
not always in reality with the reality.
Regards,
Ton Maas
ms-irb@xxxxxxxxxxxxxxxx
Dismiss the ".nospam" bit (including the dot) when replying.
Homepage http://home.planet.nl/~anthmaas
----- Original Message -----
From: "Dan Harels"
To: <metastock@xxxxxxxxxxxxx>
Sent: donderdag 4 mei 2000 22:00
Subject: Re: Lessons Learned From Market Downturn
>
> I agree whole heartedly with Kent regarding have a stop in place and a clear
> idea of when the market would prove you wrong before you enter a trade.
> Cash tends to give one perspective on a stock that is not available when you
> have a position in it. My major errors with the recent decline came from
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