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Hi Brent,
I look at trading like a game of backgammon or chess. You can memorize all
the standard opening moves and play well enough to amuse yourself, but to
become a master you must understand the end game.
Good luck and good trading,
Ray Raffurty
----- Original Message -----
From: BrentinUtahsDixie <brente@xxxxxxxxxxxx>
To: charles meyer <chmeyer@xxxxxxxx>
Cc: Real Traders Forum <realtraders@xxxxxxxxxxxx>
Sent: Tuesday, July 27, 1999 2:10 PM
Subject: Re: Coincidence or not, I prefer not to use it.
> 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
>
>
>
>
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