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Johnny Storm wrote:
> I guess the question I have is "Why have an opinion at
> all?"
>
> IMHO going into any trading day with a directional bias
> is the wrong approach. Each night I prepare a game plan
> for the following day for each market I trade. This
> plans includes S/R points and is designed to trade in
> EITHER direction depending upon the price action.
>
> Having an opinion I have found will get you into nothing
> but trouble. Make a plan, trade the plan, and focus on
> the price specifics. Throw out predictions, forecasts,
> and opinions.
>
RT'ers
Never was a truer word written. Wholly second what has been written. But
the bloody problem is to DO IT!!!
Reminds me of what Mark Douglas said : If we forecast we are into
certainties but trading is all about probabilities. If Bob, above, is
able to do what he writes, hell, he can have my money as a fund
manager!!!
Dr.Narayan.
Mumbai.
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