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<p>[QUOTE=&quot;Cloudsweeper99, post: 1155464, member: 3011&quot;]Investing is like every other human activity -- the more skilled people will beat the less skilled people over the long run.&nbsp; But I don&#039;t think that invalidates any particular technique, and I don&#039;t nessessarily believe that professionals will beat amateurs.&nbsp; Professionals are subject to many pressures that amatuers can ignore.&nbsp; Ben Graham&#039;s book was called the INTELLIGENT investor, not the professional investor, and I think that&#039;s an important distinction.</p><p><br /></p><p>And just to be clear, I don&#039;t advise anyone to use trend following with a timeline of minutes, hours or days in mind.&nbsp; Jesse Livermore was a technical trader who could not succeed with short term trading, and probably nobody else can either.[/QUOTE]</p><p><br /></p>

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