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To All:
Slow trading day today.
Cleaning out list.
Responding to Scott's question.
"Why is everybody willing to feely dispense with their psych secrets,
but not with their methodology secrets? "
There are no secrets. Everything you need to know about how to make
money trading
stocks is free. Again, you can find all you need on the internet and at
the library.
Trading is all about YOU.
Who you are.
What you believe in.
How much faith and confidence you have in what you are doing.
If you do not know what you are doing, the tuition will be very high.
I have paid about $80,000 tuition to the market since I have been
trading.
And I am still ahead. Still trading on the house's money.
I have NO EXCUSES for my bonehead mistakes. But I know what I have done
wrong
and have corrected them.
The tuition is a bitch.
A sleep at the switch.
In January I was skiing with my friends in Utah.
Foggy day. Riding the chair up by myself. Very relaxing. My eyes
closed.
Daydreaming. Wake up right when I am suppose to stand up to get off.
Trip the shutoff switch. Shutdown the whole chair.
Say to myself. I am not riding this sucker down. Slide off the chair.
Flopping around in the snow. My friends look back, "what are you
doing?"
Operator runs out. You ok? Respondence: Sorry, I fell a sleep.
Question: Why don't they have music at the top of the lifts?
Scott, did going to Douglas' seminar help you make more money?
Someone on the list said: the market is like a casino or blackjack
game.
I agree. But also you get to count the cards and they don't throw you
out
of the game.
Good trading to you all.
Make some money today.
Bob
Subject:
Re: 90% Psych?
Date:
Sun, 30 Nov 1997 15:37:25 -0800
From:
Scott <trader20@xxxxxxxxxxxxxx>
To:
omega-list@xxxxxxxxxx
OK, so you should have no problem telling us the details of your
methodology since unless we have that missing 90% psych stuff we are not
going to make any money from it.
The above is sarcastic, but this is not: Why is everybody willing to
feely
dispense with their psych secrets, but not with their methodology
secrets?
I will throw this out...the true value of any trading advice is inversly
proportional to how freely it is given away. If you disagree, I'd like
to
hear your reasoning. If you agree with the above statement, it's pretty
hard to value commonly and inexpensively available psych advice as 90%
of
the trading equation while jealously guarded system details as only 10%.
Scott Hoffman
>I agree with Mark Douglas
>(author of The Disciplined Trader) when he told me at his seminar that
>trading is actually more than 90% psychology and only 10% or less
>methodology.
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