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One of Ed Hart's favorite admonitions to traders is pasted on the front of
one of my monitors; "On the Plains of Hesitation lie the bleached bones of
countless thousands" He clearly appreciated the discipline necessary to
pull the trigger on a defined low risk entry rather than waiting until the
price accelerates away from you.
Certainly, Ed was one of the few members of the financial media that
understood the dynamics of the markets well enough to consistently report
on the balance between buying power and selling pressure rather that
repeating a pat after-the-fact fundamental explanation. I mss both his
insights and his humor.
Regards,
Jim Alvis
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