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Regarding systems and newsletters; I did not begin to become successful
in this business until I finally realized that no one had the answer I
was looking for. The trader or investor has to look within him/herself
to determine the following:
1. What are my objectives, i.e. income, capital appreciation,
speculation, etc...
2. What is my risk tolerance
3. What is my time frame
Why do we continually think that someone else is smarter than we are?
Chances are they are not, they have just worked harder, or more
importantly, smarter! Instead of trying to determine which system or
newsletter is best for you, I offer the following suggestion; Subscribe
to a good financial daily, invest in some solid foundation building
texts, obtain a good charting program and end of day data vendor, and
then start reading everything you can get your hands on. Monitor
services like Realtrader's to hear what is working and what is not, and
then just see what "feels" right to you.
There is no satisfaction greater than seeing one of your ideas expressed
via trading, and then reaping the reward of your efforts via profits.
You won't get this satisfaction from other peoples advice or
recommendations.
Remember that this is not an easy business. If you could just pick out
a newsletter and get rich, why isn't everyone driving around in
BMW's??? This has been said on this forum a hundred times in a hundred
different ways. Let's start believing in ourselves!
Have a happy and safe Thanksgiving :-)
Mark
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