MDA - Market Direction Analysis

[augieboo]

"(1)Think twice about following someone's idea's if he has no record."

Larry, I think a much better formulation of this would be:

[1] Don't ever FOLLOW anyone's ideas or methods until and unless you have studied them enough to have a good idea whether they will work for you -- regardless of how good his "record" may or may not be. (For example, Zeev is probably the best trader I've ever seen in action, and I've learned a great deal from studying his methods, but I don't try to follow his trades because I have figured out that I simply cannot do what he does -- my mind does not work that way.)

[2] Learn to do your own analysis, make your own decisions, and take responsibility for your own mistakes. I'm sure you'll agree that far too many traders try to blame every loss on the PP* or some other external source.

[3] Share and discuss ideas and methods with as many like-minded individuals as you can find. After all, trading is an "us vs them" endeavor. But far too many traders have been hoodwinked by da boyz into believing that their fellow small traders are "them" -- when in reality "we" (the little guys) are all "US" and da boyz are most definitely "THEM."

JMDO,