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Tuesday, October 14, 2008

Gotta Keep Up ...

"There are two types of minds - the mathematical, and what might be called the intuitive. The former arrives at its views slowly, but they are firm and rigid; the latter is endowed with greater flexibility and applies itself simultaneously to the dive" - Blaise Pascal


Following Pascal's thought? I firmly believe that being intuitively flexible is one of greatest assets an investor and a trader can have. It truly is.

Investing and trading? Is very much like playing chess. You may have a great open? You may start out strong? But you have to be watching what could develop five moves from where you are standing. Of course, in chess? That eventuality that you form a defense for may not come to pass. So you have to protect yourself from other dangers? While at the same time pressing your advantage.

Investing and trading works the same way. You have to control the 'center of the board' as it were. And to do that? You have to be flexible.

But that also means that simply because your pawn and knight have not been used in the last 6 moves? That they are not valuable pieces. Keep your eyes on everything. Know all of the parts. Know what you have to defend, and what can be sacrificed. And be flexible ...

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Note: This is not an investment or trading recommendation. The losses in trading can be very real, and depending on the investment vehicle, can exceed your initial investment. I am not a licensed trading or investment adviser, or financial planner. But I do have 12 years of experience in trading and investing in these markets. The Challenge accounts are run for the education of other traders who should make their own decisions based off their own research, and tolerance for risk.

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