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Re: learningboutinv post# 55134

Thursday, 07/10/2008 4:41:44 PM

Thursday, July 10, 2008 4:41:44 PM

Post# of 385287
learning...good luck with the Renko system. Using a little judgement, based on where the days price has closed, relative to the reversal level......along with looking at a trusted friends comments, or a trusted indicator, can help to mitigate the inevitable whipsaws.

Whipsaws are the only thing which keep it from being the grail (almost)...and avoiding, or limiting them helps a lot.

And, patience is needed...if your luck is like mine..when you start following a system, there will be a shakeout. I try to tell myself that only the strong survive, and if I do the best I can, the market will trend once more, and the profits follow. Regards.
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