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-----Original Message-----
From: Gaston Lang [mailto:gastonlang@xxxxxxxxxxxxx]
Sent: Wednesday, May 31, 2000 1:57 AM
To: TradeWynne@xxxxxxx
Subject: RE: personal responsibility (was) Re: All Electronic
I do agree completely with your comments TJ. I wanted to mention another
similiar topic to maybe promote some feedback. Being a Proactive trader
versus a Reactive.I believe it was you that mentioned the masses that trade
breakouts and lose money. This is entirely reactive trading. Would anyone
have any comments on this subject or proactive strategies they would use as
an example. I do believe this is the key to success. Having a good attitude,
being a proactive trader, taking responsability for your trades and proper
money management. These are the keys to being a successful trader, 1 is good
but the synergy of all is what it takes to be successful.
Gaston
-----Original Message-----
From: TradeWynne@xxxxxxx [mailto:TradeWynne@xxxxxxx]
Sent: Tuesday, May 30, 2000 9:41 AM
To: tradejacker@xxxxxxxxxxxx; omega-list@xxxxxxxxxx
Subject: personal responsibility (was) Re: All Electronic
In a message dated 5/29/00 7:02:36 PM Pacific Daylight Time,
tradejacker@xxxxxxxxxxxx writes:
> the problem is, a lot of folks blame the locals or their brokers or
trading
> software or datafeeds or .... or ... the list goes on and on, rather than
> taking personal responsibility
"Taking personal responsibility" is the one thing all good traders I've
known
have
in common. In fact, the very few who truly take responsibility are not just
successful traders, but very successful elsewhere too. I'm talking guys with
8 and 9 figure bank accounts who are just a pleasure to talk to and to be
around. Dr. Van Tharp found this quality so key to trading success he coined
the term "respondability," basically meaning taking responsibility and
responding positively.
> for their trading failures or crappy systems
> or methods, or piss poor executions.
> either deal with it and prevail, or whine and fail. trading anywhere is
> a bitch...past, present, or future....
>
> TJ
>
> btw for the last 6 months, as a part of my continuing education, i've
> started trading the minis. >snip<
Take note! Here is a guy that has been trading the spoos since 1982 and he
views it "as a part of my continuing education."
Thanks for a great post TJ.
Bill Wynne
TradeWynne@xxxxxxxxxxxxxxx
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