From: "igxwgeekbstq@yahoo.com" 
Newsgroups: misc.invest.real-estate
Subject: Trading Master Plan - The Secrets of Professional Traders Exposed
Date: Mon, 3 Dec 2007 01:27:04 -0800 (PST)
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If you're not using a trading plan and you're following the same old
Wall Street advice you're gambling with your money and your
retirement!
We have both heard it all before - save your money, diversify your
risk and my personal favorite invest for the long term. This standard
doctrine has been ingrained in the consciousness of traders and
investors for decades.
This vague and generalized "mantra" is fast becoming obsolete as the
speed of the changing world moves forward. The standard "cookie
cutter" advice is force fed to the masses while professional investors
and traders use a completely different set of rules and approach to
the markets.
Don't get me wrong, saving money is a good thing -But it will never
make you wealthy. Saving money in a bank will make you a paltry 3-5%.
What most people don't take into account, is the effect of inflation
on their money. If inflation hovers around the usual 2% the gains on
your savings are slowly eaten away. Take into account taxes on your
savings gains and now your lucky if you break-even.
The next piece of sound advice is "Diversify your risk". This is a
tricky one, because I do believe diversification has a place in your
portfolio - but not at the expense of better trading decisions.
http://tradmstplan.blogspot.com/#