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> From: Gwenn Ael Gautier <Gw.Gautier@xxxxxxxxxx>
>
> - I am too stupid to figure out how far this trade may just go, so I
simply wait
> for the exit, and do other things in the meantime: read, listen to music,
mow the
> lawn, wash the car, play video games, else.
>
> - But sometimes the market gets a bit ahead of itself, or there are nice
Elliott
> setups, and I become discretionnary again. I exit the position at limit,
I wait for
> the market to calm down again, and as soon as I don't know anymore what's
going on,
> I go back in. Remember, I was compelled to be long.
>
> That adds a good 20% to my system return. No worries, no stress, no
thinking.
>
> But above all, know why you are doing these things. Play on your
strengths, and
> keep your weaknesses under control.
>
> Gwenn
Some exellent rules and advice, Gwenn.
I like the part about "know why you are doing these things". You do drive
the point home well about knowing your strengths and weakneses and
compensating for weakness while exploiting your strengths. How you go back
and forth from systematic to discretionary in sync with these personal
traits is very clever. I've been trying to work that out for years, and
now you have put it into a clearer understanding....
Let's hear more -
Tom Cathey
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