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Replies to #299 on exp system

LisaAu

08/15/03 4:44 PM

#301 RE: exp #299

My own experience over a number of years suggests I'm better at analysis of the market, discerning potentially attractive and profitable systems (so to speak) than implementing those systems. In other words, I find it very difficult to put into actual practice, day after day, what I believe to be a profitable approach to trading.

It all looks so easy when I review the charts at the end of the day and do my postmortems.

The human factors in trading, the psychological side of the game, are very poorly understood and clearly interfere in my experience with running the programs that look so doable after hours.

I personally do not believe anyone can do say 10 to 20 per cent per month, month after month, year after year.

Nearly all who believe that's possible either blow up or go on to write books or give seminars where they teach others to make "extraordinary gains" in the markets.

Why don't they spend their time trading and compounding their gains? I suspect it's more profitable to teach others to do it for $29.95 to $5,000 per seminar or maybe write a $50 book.