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[RT] Re: Money Management: Consecutive Losses



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"Cartoon characters" : I love that one! Great!

Gwenn

Joe Frabosilio wrote:

> OK Wong,
>
> To try and figure out if we are still in a BULL / BEAR market it foolish.  For me
> the Bull / Bear are just cartoon characters that mean nothing.  For each Stock,
> Comm, Index, etc. goes through its own ups / downs (bull / bear).  And many spend
> countless hours telling themselves which market their in, some losing it all,
> others gaining from it.
>
> Finding support / resistance lines and following price has been very profitable
> and a very important lesson.  Because at the end of the month, I have to answer to
> the bank, for they hold the note to my house.
>
> To answer your question, does it really matter?  If you are trading MSFT then
> trade MSFT, don't worry about the DOW or NASDAQ.  For they are 3 different trades.
>
> TradeWell,
> Joe Frabosilio
>
> wong wrote:
>
> >
> >
> > AND OF COURSE, AS I MENTIONED MANY TIMES, THE BASIC ASSUMPTION FOR
> > PROFITABILITY OF USING THIS METHOD IS A HEALTHY BULL MARKET AND GOOD CHOICE
> > OF STOCKS.  But who knows when the bull market will end?  (Remember my
> > challenge to you experts - Can anyone be absolutely correct about this?  I
> > don't remember any concrete proof being cited.)  My favoite word: "HINDSIGHT".
> >