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Good Advice AJ. Another source for sorting out these issues is from a non-trader
Anthony Robbins of "Unlimited Power" fame. "Awaken The Giant Within" is his more recent
pub. Tapes also around. See your library.
The source of the success or failure of the trade is in the hands of the Trader. It does
not matter what "tools" he has at his disposal, if he is not properly configured.He is
the real source and creates his own destiny (my thought).
These books, his views on belief systems, planning, etc are worth looking at.
See U
Tom
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> From: A.J. Carisse <carisse@xxxxxxxxxxx>
> To: Omega List <omega-list@xxxxxxxxxx>
> Subject: Re: investigating possibility of experienced trading system partner
> Date: Friday, January 23, 1998 6:01 AM
>
> Jerry Baker wrote:
>
> > Some of you, long on this list, may recall some of my requests for
> > suggestions regarding overcoming trading fears, afraid to pull the trigger,
> > fear of any loss and the rediculous change in focus I make from system
> > signals to involvement in tick by tick movement that takes place when my
> > money is on the line. It has not changed....My fears, relative
> > to the performance of the entry signals, are absurd, but they are a fact
> > that I must recognize and work around at this point.
>
> Here's a suggestion that might help those who are really struggling with this.
> First, decide what your average profit would be per trade if you acted on all
> your good trading ideas and signals (this doesn't have to be anywhere near
> exact, anything realistic will do). Whenever a trading opportunity comes up,
> see it as COLLECTING rather than "risking." In other words, a good buying
> opportunity arises, and you ask yourself - "Am I going to collect my $X here?"
> Of course you are. Should the trade not deliver the $X, then you are "owed"
> this amount in further trades - you will get paid for it later. On the exit
> side, if you *don't* stick with the trading strategy as planned, you *won't*
> collect your due, so you have to stick with it.
>
>
> Regards,
> A.J.
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