Long Term Secrets To Short-Term Trading

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kicking out trades just because they weren't doing anything. Thus, there is little internal "chatter" with 
themselves about their trades. 

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A big difference is that winners fix their attention on a very small number of key "favorite" markets. 
One winner has only traded Soybeans-nothing elsesince 1956. The losers seemed to change markets, and 
gurus or newsletters about as often as I get slippage. While the winners do (or buy) a lot of research which 
they study the losers seemed to be looking for a personality to bail them out or make their money. 
All the winners totally believe they will make money and simply refuse to let bad things happen to them. 
They have an aura of protection around them, they just don't do dumb things in the market. They are amazed 
more people don't do what they do, they realize it has lots of pressure, but believe anyone of reasonable 
intellect can do what they do. 

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Chapter 15 
Just What Does Make 
the Stock Market Rally? 
Charts don't move the markets. The markets move the charts. 
I will answer that question. But first let me say- that it is impossible to know at all times why the market 
does what it does. Unlike other aspects of our lives and occupations, the market deals us unstable data. Day- 
after day-. 
Some say astrology, is what really moves prices. Could be. Last week. every commodity on the board 
was down, but Why. should that be- It is, not intellectually feasible to have Gold and the Bonds down at the 
same time or the meats and the grains. Yet it happens. Time after time, I have seen this phenomena. 
Others say trend or speed resistance lines are what moves the market. The Gann crowd has their angles, 
origin points, and so on; now I for one don't believe in them. Yet time after time I have seen markets top the 
bottom right where these electric tools said they- would. 
Then, of course, there are fundamentals. Sometimes bullish news 
“makes" the market rally; just as often, though, the market declines following positive news and rallies 
after bad news' 
It is no wonder that no one I have known in my vears of trading has, consistently predicted what the 
market would do. Invariably-, the hottest most brilliant hands turn cold. I do not accept that this is a case of 
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