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No harm Phil, and I actually agree with all you say.
My point is: the biggest loser is always ahead, and in every system there is a
big outlier you won't be able to cope with. I have lived myself and seen in my
close surrounding events when an otherwise random signal blew you off at the
moment t, breaking your back, leaving you smashed against the wall, even though
the stuff you followed with question or emotion, had worked for 35 years in one
case.
All I am saying here, is that years and big scars have trained me not to try to
be always full speed, but to sometimes reduce throttle at very difficult moments
just to be able to get out safely. I am not in a competition for the best perf,
but in a game to make the most out of my resources with the least amount of
stress.
Best to you, and never mind, nothing will happen (to me).
:-)
Gwenn
Phil Lane wrote:
> Personally I'm better off just following the signals. If you think the
> market is risky you won't trade the setups that work. And just when you get
> really bullish and decide to take the trade you will get screwed. In my
> experience anyway.
>
> The trick for me is NOT to try to figure it out. Consider that nobody can,
> not even leading economists or talking heads on cnbc. So if you try you'll
> just end up randomizing something that by itself has some good statistics.
>
> Besides, if you're wrong you can trim the loss if you like. The amount of
> risk is up to you, not the market. Now please pardon me for pontificating!
>
> rgds phil
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