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Re: Initial Trade Methodology



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In a message dated 7/20/00 11:08:54 PM Pacific Daylight Time, 
Anthony3@xxxxxxxxxxxx writes:

<< 
 I've heard people say that to find yourself when starting off trading,
 to try a methodology/system/indicator...see if you like it, and go on
 from there.  Does this mean to go with the first thing thrown your way?
 
 Example...I took the Larry Williams Money Tree course and am scheduled to
 
 go to his seminar next weekend.  It was basically my introduction to
 futures trading.  So because this is what I know right now I should
 learn this even more and go with this methodology initially and see if
 it works for me?   And if I don't like it (or it doesnt work for me),
 then and only then should I look to try other things?
 
 Is this basically how one goes about in search of a trading
 methodology????
  >>

Anthony,

I would suggest that the first thing you need to do is to set some goals or 
objectives for your trading.  Be very specific and write them down.  Then 
when you find something that meets your objectives you can stop looking.  
Otherwise you will look forever. 

If you don't know what you are looking for, you won't recognize it when you 
find it.

Chuck LeBeau
StreakingStocks.com