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I read both of Ann's articles (recommended by SailBad) several times. The first seems to say that although you can't predict individual price movements, you can iron out the wrinkles of inconsistency and take advantage of upward-trending tendencies -- assuming that history, to a greater or lesser extent, repeats itself! That's a BIG "if"!

The second seems to say that disciplined trading *usually* works better than trading on impulse or rumor. I agree. However, I think that unwavering adherence to a particular discipline can at times be a not-so-good idea. I figure if your discipline is flexible enough to allow you to take advantage of obvious opportunities, you've got the best of both worlds.

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