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>Sure, but that doesn't mean that you MUST have a system in order to
>trade successfully. I know many very successful traders who trade a
>VIEW not a collection of statistics.
>I will be the first to admit that there is merit in mechanical trading
>systems, but that doesn't mean you can't trade a FEELING of the market
>successfully...just ask Soros....(or Neeson hehehe :)
Zaheer,
This is certainly true. However, trading on intuition or on a market
overview is different than trading without a method, which involves
jumping from idea to idea frequently. The traders you refer to have a
consistent approach over time. The original point was that money is
lost when traders change approaches so often that nothing has a
fair chance to work. It need not be mechanical. Success is possible
with fuzzy ideas if applied consistently.
Wayne Moody
wlm95@xxxxxxxxxx
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