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Timothy:
Thank for the reply.
Your comments are well taken.
I agree. We all are playing against ourselves.
I try to not beat myself up to much.
I do enjoy the wisdom of the veteran traders.
This kind of market is high. I believe you have to be pretty nimble.
That is why I am day trading instead of position trading.
I have learned that when my total gain goes down 50%.
It is time to get out review my strategy.
Good trading.
Bob
Timothy Morge wrote:
>
> cash@xxxxxxxxxxx wrote:
> >
> > Regarding John G.'s performance:
> >
> > > He started trading 12,000 shares of msft and making money.
> > >
> > > His results last year. $250,000. Beginner's luck.
> >
> > So What?
> >
> > Don't confuse good trading with a bull market.
> >
> > As a trader, shouldn't the objective be to beat a buy and hold
> > method?
> >
>
> I see your point here, but I would say that *my* objective as a trader
> is to make money trading. I'm not trying to beat anyone or any method.
>
> But I absolutely agree with your statement that buying stocks in a
> bull market does not a trader make. That doesn't mean this gentleman
> will not be a successful trader if the market turns down. But as I
> often say...I hope he is saving some of those windfalls...they just
> might come in handy.
>
> You know, here's a fascinating question: How many traders on this list
> have actually traded stocks or stock indexes in a bear market? I won't
> use Robyn's example of the bond market, because it has not been as
> pure a trend as the stock market, but it is also a valid market to use
> as an example. So many of our tendencies as traders are learned early
> in our career [hence the old saying you can't teach old dogs...] and
> so I always scratch my head when people that have been trading for two
> or three years talk about how 'they are making tons of money and can
> make money in any market conditions.' Some of them even talk about how
> they survived this crash or that crash. I wonder, silently, to myself,
> what they will do when these markets turn and become down-trending
> trading markets, which can be entirely different animals.
>
> Tim Morge
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