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Re[2]: daytrading & money management



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Hello  Ed,

where you are now in the scope of things and your background creates a
vast distance from where i could help you. especially your
psychological make up and perceptions are going to make it very
difficult for you to ever gain confidence to trade outside of noise.

without an open mind and preconceptions how would anyone ever learn
other methods to replace and or enhance a plotted course, that is
deeply ingrained into heard mentality. in short you are asking for
help with a method and or perception that "may" be wrong in the first
place.

specifically you are buying when you are thoroughly convinced you
should be buying and selling when you are thoroughly convinced you
should be selling. you and everyone else in the world are thinking the
same, great methods of trading do just the opposite. how then can you
possibly become anything more that a facilitator of this event?

you and all other's of mass mentality are doomed to tirelessly hold
out your values as legitimate and worthy of being profitable. based
upon your education your association and anything else you can mention
here other than actual successful experience is of no value at all.
this is an act of nature and can not be violated else the essence of
humans will be changed. those anomalies of nature who understand this
all too well can cry the warning till blue in the face only in vein.

exercise: next time you have a break out buy or sell - rather than buy
the breakout  -  wait - wait until the price pop expires and collapses
down  as  it  is  breaking down against what you would have previously
bought.   then  buy - as the price is now going the opposite direction
(down) that your whole being is fully committed to - can you do this?

your  thought  might  be  now  why  would i buy while now the price is
moving  in  the  opposite  direction  that i am convinced that it was
moving.  my  thought  would be exactly my point.

--

Have a Great Day, Mark

http://www.markbrown.com