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Hi Don,
Thank you for your response. It's very much appreciated. I really wasn't
trying to do anything other than get a discussion going on something besides
Entries or TS2k issues.
I used to be a 1-lot S&P scalper always playing with indicators and looking
for the ideal 'system'. But I got so frustrated with my inconsistent
results that one day I threw them all out the window and just started
watching price. Eventually I started noticing certain tendencies/patterns
etc. This did result in improved performance and gave me a better idea of
what I was doing, but I will still just a 1-lot S&P scalper that was
inconsistent - just a little less frustrated.
Then I met my mentor and he taught me about money and trade management,
adapting to the conditions, trading without an opinion or bias, etc., and
that is what really turned my trading around and transformed me into a
trader from just a scalper. Needless to say I am deeply indebted to him and
am very happy with my trading now - although I still have a lot to learn.
Having been through this process and made every mistake imaginable (at least
once) it is easy for me to relate to others going through the same process.
It is also easy for me to see. Hopefully these threads will get just a few
others thinking about ways to improve their results beyond the latest
indicator or system.
Thanks again,
BOB
WWW.EXPECT-TO-WIN.COM (haha...no such URL exists)
-----Original Message-----
From: Don Roos <roos@xxxxxxxxxxxxxxx>
To: Bob Heisler <bheisler@xxxxxxxxxx>; Omega Group <omega-list@xxxxxxxxxx>
Date: Wednesday, February 16, 2000 9:53 PM
Subject: Re: Which holds best promise?
>Bob:
>
>Thanks for the time you spent on this thread today. I appreciated the
>discussion. As EVERYONE is aware, Mark Brown is hardly one to criticise
another
>for commercial intent. Your response is to be commended and did not go
>unnoticed by the group, I am sure.
>
>Best regards,
>
>Don
>
>
>Bob Heisler wrote:
>
>> Hello Mark,
>>
>> Thank you for the kind words and thought provoking comments. I will try
to
>> answer your questions in the order received and with the same
>> diplomacy...LOL
>>
>> No, I don't expect to have losing days. Losing trades yes, days no. I
>> expect to win Every Day. Do I have a bad day once in awhile - sure, who
>> doesn't. But it is due to me and not the markets, methods, broker, etc.
If
>> I execute I win, if I mismanage a trade or two I may or may not. If I
close
>> out ES's with SP's and neglect to checkout and then watch the market gap
>> open 5+ points against me the next morning I may not (been there, done
>> that...Oops...and Ouch) I have yet to see MY mentor have a losing day in
>> the time I have worked with him. My goal is to become as good as he is
>> regardless of how long that takes.
>>
>> BTW, my mentor uses indicators and has developed his own. I'm just an
>> ex-computer guy who is not smart enough to use indicators so I don't use
>> them - but maybe I should.....
>>
>> Last I checked I live on the planet earth, although after watching and
>> trading the Nasdaq for the last few months I am not so sure...
>>
>> As for teaching, I never mentioned that or even remotely eluded to it in
any
>> of my posts, and have zero interest in talking about it. Believe it or
not,
>> all I was doing was conversing with fellow list members and trying to get
a
>> thread going on what I consider to be the important aspects of trading.
I
>> learn from other member's posts and I hope my contributions do the same.
It
>> wasn't to bash anyone or their product or ideas - or promote my own. I
>> think that has been done enough on this list in the past. Any future
posts
>> will have the website address removed and will only be signed by my first
>> name. (I have Outlook defaulted to the full name/address)
>>
>> Trade Well,
>>
>> BOB
>>
>> -----Original Message-----
>> From: Mark Brown <markbrown@xxxxxxxxxxxxx>
>> To: omega-list@xxxxxxxxxx <omega-list@xxxxxxxxxx>
>> Date: Wednesday, February 16, 2000 2:16 PM
>> Subject: Re[2]: Which holds best promise?
>>
>> >Hello Bob,
>> >
>> >BH> For one it's a lot more fun as I like making my own decisions. It
>> >BH> is also much more satisfying.
>> >
>> >good for you.. Bob
>> >
>> >BH> Systems are also subject to drawdowns, and sometimes severe ones,
>> >BH> I am unwilling to accept those.
>> >
>> >are you saying you have no drawdowns? i think thats what your implying
>> >after reading below that you expect to never have a loosing day!
>> >
>> >BH> If you can read the price action and execute there is no reason
>> >BH> to have a losing day (barring order entry errors).
>> >
>> >GET REAL! what planet do you live on?
>> >
>> >BH> And any system has to be based upon somebody's opinion. I have
>> >BH> already learned that my opinion s-cks and the market couldn't care
>> >BH> less about it, so I am unwilling to trade someone else's opinion
>> >BH> or my own. There is more than one way to trade successfully, so in
>> >BH> the end we just have to find what works for us.
>> >
>> >Then Bob how is it that you are going to teach your students to trade
>> >if each has to find their own way? Your web site makes for very
>> >interesting reading.
>> >
>> >BH> Bob
>> >
>> >Mark
>> >
>> >
>
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