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Re: [amibroker] Re: Trading Psychology



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Yes  I agree  ,
I am in the process of incorporating the position size  
into my systems , so ALL is completely  mechanical,
and what mainly I was talking about is the day trade and not 
the  portfolio trade
As  an example when you go to be a financial 
planner  one of the most important things you go home with is 
the following statement
if you are 20  invest  80%  in stocks and 
20%  in bonds
if you are   70 invest  30% in stocks and 70 in 
bonds
and then the  stocks still  into  sub 
divisions  growth,  value,small cap, large cap etc
and ,,
even this conservative smith Bernie  type portfolio  
investing are all getting killed,
as buy and hold is  REALLY in trouble,
those who are 55-65  are seeing their life saving 
cut  in 1/2
and the new joke around the baby boomers now is 
401K   ? it is now 101K
I just wanted to simplify things for the day 
traders
best regards
Ben
 
<BLOCKQUOTE 
>
  ----- Original Message ----- 
  <DIV 
  >From: 
  Nigel Rowe 
  To: <A title=amibroker@xxxxxxxxxxxxxxx 
  href="">amibroker@xxxxxxxxxxxxxxx 
  Sent: Friday, April 04, 2003 12:10 
  AM
  Subject: Re: [amibroker] Re: Trading 
  Psychology
  Ben,      I think there's a 
  bit more to money mgt than just a stop 
  loss!eg.      - stop 
  loss      - postion 
  size      - market 
  selection      - capital 
  allocation      - etc (dunno what, but there's 
  bound to be other stuff)--       
  NigelOn Fri, 4 Apr 2003 02:54 pm, profitok wrote:> I second 
  that> that is what stop loss is for/money mgt> nice week 
  end> Ben>   ----- Original Message 
  ----->   From: Graham>   To: 
  amibroker@xxxxxxxxxxxxxxx>   Sent: Thursday, April 03, 2003 
  11:43 PM>   Subject: RE: [amibroker] Re: Trading 
  Psychology>>>   And at the top of that list is 
  Money management, then Know 
  yourself>>>>   
  Cheers,>   Graham>>   <A 
  href="">http://groups.msn.com/ASXShareTrading>>   
  <A 
  href="">http://groups.msn.com/FMSAustralia>>   
  -----Original Message----->   From: profitok 
  [mailto:profitok@xxxxxxxxxxxxx]>   Sent: Friday, 4 April 2003 
  12:38 PM>   To: amibroker@xxxxxxxxxxxxxxx>   
  Subject: Re: [amibroker] Re: Trading 
  Psychology>>>>   I have news for 
  you>>   It  DOES not 
  exist>>   and if someone  invest as much energy 
  as it takes to develop it, would be> better of learning how to be a 
  discipline>>   trader>>   
  always have a plan>>   at what price to buy/sell 
  short>>   where is my  stop 
  loss?>>   where is my profit 
  objective?>>   if you  ALWAYS concentrate on the 
  above, in REALITY, you have found the> holly 
  grail>>   best of luck>>   
  nice week end>>   
  Ben>>     ----- Original Message 
  ----->>     From: 
  phsst>>     To: 
  amibroker@xxxxxxxxxxxxxxx>>     Sent: 
  Thursday, April 03, 2003 11:21 PM>>     
  Subject: [amibroker] Re: Trading 
  Psychology>>>>     <If many 
  of you have been searching for the "holy grail" 
  formula>     without success, read this book and 
  find out why this is a losing>     cause and how a 
  successful trader's mindset is 
  different.>>>     I'll read the 
  book!>>     BUT... you cannot imagine what a 
  disservice it is to tell others to>     abandon the 
  search for the holy grail!   Just because one Author 
  has>     not found it, does not mean that others 
  have not found it!>>     
  Geez...>>     
  Phsst>>     --- In 
  amibroker@xxxxxxxxxxxxxxx, "Rick Parsons" <RickParsons@xxxx> 
  wrote:>     > I highly recommend the book 
  "Trading in the Zone" by Mark Douglas.>     
  >>     > If many of you have been searching 
  for the "holy grail" formula>>     without 
  success, read this book and find out why this is a 
  losing>     cause and how a successful trader's 
  mindset is different.>>     > 
  Rick>>     Send BUG REPORTS to 
  bugs@xxxxxxxxxxxxx>     Send SUGGESTIONS to 
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