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<DIV><FONT face=Arial size=2>LP:</FONT></DIV>
<DIV><FONT face=Arial size=2>This advice applies to any stressful
situation.</FONT></DIV>
<DIV><FONT face=Arial size=2>Lionel Issen<BR><A
href="mailto:lissen@xxxxxxxxx";>lissen@xxxxxxxxx</A></FONT></DIV>
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<DIV style="FONT: 10pt arial">----- Original Message ----- </DIV>
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black"><B>From:</B>
LPetersen
</DIV>
<DIV style="FONT: 10pt arial"><B>To:</B> <A
href="mailto:metastock-list@xxxxxxxxxxxxx";
title=metastock-list@xxxxxxxxxxxxx>MetaStock List</A> </DIV>
<DIV style="FONT: 10pt arial"><B>Sent:</B> Monday, July 17, 2000 10:07
AM</DIV>
<DIV style="FONT: 10pt arial"><B>Subject:</B> Trading Stocks Online</DIV>
<DIV><BR></DIV> <BR>Steven Hendlin, a clinical psychologist and author
of the just-published book "The Disciplined Online Investor", offers five tips
on how to control the inner noise of your thoughts and <BR>feelings while
managing your own investments and:<B><FONT size=+2></FONT></B>
<P><B><FONT size=+2>Trading Stocks Online</FONT></B>
<P>1. <B><FONT color=#660000>Shuttle between inner and
outer.</FONT></B> Develop the habit of shuttling back and forth between
the data on the screen and your thoughts and feelings. Notice your inner
dialogue as you <BR>react to changes on the monitor or news events on
television. For every three parts of outward focus on data and
information, focus time on your thoughts and emotional reactions.
<P>2. <B><FONT color=#660000>Identify and combat all negative
thinking</FONT></B>. Notice which negative thoughts tend to arise the
most. What events trigger these thoughts? Imagine another way to
interpret the <BR>events so that the associated negative thoughts can be
neutralized or made positive.
<P>3. <B><FONT color=#660000>Mediate all-or-nothing thinking.</FONT></B>
Don't be overly optimistic or pessimistic. Find steps in between the end
points of one extreme and the other. When you can't see them, ask
<BR>someone you trust to help.
<P>4. <B><FONT color=#660000>Refuse to allow strong emotion to dictate
your course of action. </FONT></B> Whether you feel exhilaration,
excitement or fear, don't make any trade until it has been processed through
<BR>your critical mind. Walk away if you trade under the influence of
strong emotion.
<P>5. <B><FONT color=#660000>Have a plan.</FONT></B> Start the
trading day with a plan, and stick to it. Decide how many trades you are
going to make if conditions are favorable. Limit the number of trades
and amount of <BR>capital you are willing to risk in any one trade and for the
day as a whole. Know how much you lose in a week, a month, and three
months, with adequate capital to continue trading. <BR>Set limits
</P></BLOCKQUOTE></BODY></HTML>
</x-html>From ???@??? Mon Jul 17 21:47:39 2000
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Date: Mon, 17 Jul 2000 11:59:46 -0700 (PDT)
To: <metastock@xxxxxxxxxxxxx>
Subject: Trade size...
From: Mike Campbell <ug@xxxxxxxxxxxx>
Sender: owner-metastock@xxxxxxxxxxxxx
Precedence: bulk
Reply-To: metastock@xxxxxxxxxxxxx
Status:
For those of you who use stops (mental, hard, or otherwise) and have a
percentage of capital that you are willing to risk on a trade, do you
base the "risk" on the difference between your get-in value and your
stop, or your get-in value alone?
In other words, say you have $100000 capital, your get-in price is
$100 and your initial stop is $90 and you're going to risk 2% on this
trade ($2000). How many shares do you buy?
20? (Since $100 * 20 = 2000) or
200? (Since ($100 - $90) * 200 = 2000)
I.e. do you base your risk on the fact that your stop may be hit or
that the entire position may be lost?
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