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I agree.. well stated...
----- Original Message -----
From: "James Alvis" <alvishsd@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, October 20, 2001 9:28 PM
Subject: [RT] Re hedging
> 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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