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Al,
very well said, indeed!
Ruth Roosevelt expressed the same thought in these words: "It is not my job
to know whether a trade is a winner or a loser; it IS my job to recognize
the signal and act on it, according to the rules of my system."
99% of this game of trading is half mental! :)
Regards,
Michael
-----Original Message-----
From: owner-metastock@xxxxxxxxxxxxx
[mailto:owner-metastock@xxxxxxxxxxxxx]On Behalf Of Al Taglavore
Sent: Monday, April 17, 2000 22:28
To: metastock@xxxxxxxxxxxxx
Subject: Re: Mother of all Highs
Adam,
You wrote: "......I spent all my time doing analysis, but couldn't find a
good way to pull the trigger (trade).
The Pitchforks, were then added to the Krausz charts...but that just helped
my analyzing,
still couldn't trade....."
A couple of years ago, I attended a workshop with Howard Abel and Bob
Koppel ("The Day Trader's Advantage") and heard the statement, " You don't
know, and you will never know, and you don't need to know".
A year later, I heard Mark Douglas make the same statement, and I
understood that I will never know if a buy/sell decision is correct, and I
do not need to know as long as I have a pre-arranged exit and the
discipline to execute and the ability to take a loss. This released me of
any problems with putting on a trade. Think about it.
Al Taglavore
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