|
PureBytes Links
Trading Reference Links
|
Dear Dave:
I guess if you are as smart as Mr. Buffet (just read his writings) and
exercising with the will of Shwarzeniger (those muscles do not grow by
itself), use to make decisions like Napoleon, all that may be helpful in
trading. Especially, at the beginning.
But as time going by psychological aspect of trading fade, you have seeing
all indicators and systems, and new one just new in names, your outlook on
the market become simple and I may say more holistic. You do not ponder
many questions (what to buy, how to buy, how many to buy, when to buy
exactly, not because it is not important buy you already know all that from
before).
You just looking in overall picture and thinking the major questions: did
we ore we did not had a four years low? Are we in new bull market or we are
finishing the previous one? Did bull market established (proof) itself?
Once you have answer those major questions, the rest became automatic and
routine: you dust off your proven strategies and technics and apply them
unemotionally and "mechanically" to your trading.
That, at least, one viewpoint. Should be as good as many others.
Alex.
At 01:54 PM 7/17/99 -0700, Mr. Bond wrote:
>I would be interested in hearing from successful traders on the list on the
>subject of whether they feel there is a correlaton between the discipline it
>takes to be a profitable trader and discipline in other areas of life.
>
>For instance, it takes a lot of self-discipline to excercise regularly, or
>eat healthfully, or study, or research, etc. I would be interested to hear
>if disciplined traders are similarly disciplined in other areas of life.
>That is, if anyone cares to comment!
>
>Dave
|