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Re: DoubleTop post# 17067

Thursday, 11/01/2007 8:02:50 AM

Thursday, November 01, 2007 8:02:50 AM

Post# of 17625
Re Rule of 3 from scamman at clearstation.

Ken Wong has compiled the definitive collection of scammans writings on the rule of 3 at his website.

http://www.massage-honolulu.com/therapy/stockspage.html

See the link at the far, lower right of the page.

I would add that this concept gets very distorted as its passed from person to person, better to start with the source.

I studied it long ago and concluded I didn't have the skills to profit from it. You need to have a quick trigger finger but I did document and see 100% moves in the oex puts which scam mentioned as his preferred vehicle.

You CAN time the market!

But only after you trash the big 3 myths.

Myth 1 - its possible to get every point of every move
...Myth 2 - you'll never have a drawdown
......Myth 3 - you'll never have a loss

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