Re: Coincidence or not, I prefer not to use it.

["BrentinUtahsDixie" <brente@xxxxxxxxxxxx>]

This old story about the exit being more important then the entry is like
saying it is more important to leave the grocery store with groceries than
it is to enter the grocery store. Which on the surface seems true but you
certainly can't leave the grocery story with groceries without entering the
store someway. In my book they are equally important and since timing is
everything in trading I'd say it is better to spend more time on the entry
than the exit. Most exit criteria involve getting a greater reward than the
risk(a very good idea). That combined with determining a target of which
there are many ways is the greater part of the whole subject in my opinion.

Brent
-----Original Message-----
From: charles meyer <chmeyer@xxxxxxxx>
To: Ira <ist@xxxxxx>; BrentinUtahsDixie <brente@xxxxxxxxxxxx>; Alexander
Levitin <alevitin@xxxxxxxx>
Cc: Real Traders Forum <realtraders@xxxxxxxxxxxx>
Date: Tuesday, July 27, 1999 9:59 AM
Subject: Re: Coincidence or not, I prefer not to use it.


>Alex and Group:
>
>I'm not sophisticated enough to understand the complete psychological
>significance of this concept but it's said that
>exits are more important than entries; yet most of us (I know
>I do) focus on entries.  Yet when I look at all my trades I
>can see for myself that this is in fact correct.
>
>Charles