Part I: In the Beginning

And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth;

Then took the other, as just as fair, And having perhaps the better claim, Because it was grassy and wanted wear; Though as for that the passing there Had worn them really about the same,

And both that morning equally lay In leaves no step had trodden black. Oh, I kept the first for another day! Yet knowing how way leads on to way, I doubted if I should ever come back.

I shall be telling this with a sigh Somewhere ages and ages hence: Two roads diverged in a wood, and I- I took the one less traveled by, And that has nmde all the difference.

Your path, created, maintained, and traveled by yourself, will be that path less traveled, for it will be yours and yours alone; no one else will be able to follow it, just as you will be unable to follow anyone elses path successfully. You do not share their vision, their sensitivities, or their cares, and they do not share yours. In investing, there is no holy grail other than the one you fashion for yourself.

KEY POINTS TO REMEMBER

Think for yourself.

Know your risk tolerance.

Know your goals.

Follow your own path.

Be disciplined.

THE BASICS

Part II lays out the basics of Bollinger Bands. Chapters 6, 7, and 8 examine the history of trading bands and envelopes, the construction of the Bollinger Bands, and the indicators derived from them, respectively. Finally, Chapter 9 looks at statistics, for those interested in the deus ex machina.

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