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Execution is boring, unless working an "not able" order in the S&P pit! :))
Research is fun, but nothing compares with executing a well designed
trading system/methodolgy. I'll never forget the thrill of my first silver
trade in '78. Or my first big oil discovery in 1984. Or doing the stuff
that I love full time and fully funded since '85.
It's very difficult to remove emotion during trading unless you're highly
systematic/mechanical. Emotions, like the poor, are with us always, where a
moment of discretionary weakness could spell disaster. Like Gary said,
systems remove emotion (and stress) and greatly simplify the trading
process. Point and click for dollars....a no brainer. And this coming from
a highly systematic discretionary trader....
A little fear keeps arrogance at bay. Too much fear creates trading
gridlock. And greed makes you think that pigs (and your system) can fly!
MT
BTW Wife "reminded" me not to forget oyher fun things, like marriage (geez,
how could I forget after 26 years ;-), or the birth of our kid (now a
freshman in university). Ouch.....:-)
>Once I sit down to trade, I shift gears emotionally. I try to strip out as
>much emotion as I can. When I'm trading my fulfillment comes from trading
>my plan with as minimal emotional interference as possible. That's how I
>define a good trading day, not in terms of dollars gained or lost. Some
>folks have described that as dry and boring. There's no place for emotion
>in trading (except for a little bit of fear maybe to act as a little safety
>voice in your ear). It'll get you into all kinds of trouble really quickly.
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