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Big, Try the Greg Morris volatitily expert for bottom picking. Best
to use stops to enter and exit. Quite contrarian approach.
- It is hard to stick to a trading plan even if you have one, and
most people don't. Good lessons learned.
Best of luck.
Rvalue1
--- In equismetastock@xxxxxxxxxxxxxxx, "Big Papa"
<denver69692002@xxx> wrote:
>
> Lessons learned over the past few weeks:
>
> 1. Quit trying to guess the bottom.
> 2. Stop losses everytime. Use charts for resistance levels, or a
> volatility indicator.
> 3. Work diligently backtesting, researching, and reading while
things
> are this way. Be ready to pounce.
> 4. Trust your backtesting and systems, but see rule #2. Then see
#2
> again.
> 5. I've found it tough to detach from the emotion of how low and
bad
> things can get and it has me picking "the bottom". But, I should
be
> trading the trend. Ugh, and I knew it and I know it.
>
> Good luck.
>
> Big, watching his capital pool go small....
>
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