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>Toppel even thinks looking at charts focuses too much on the past.
>You should "focus on the here and now and listen to the voice of the
>market."
Hmmm....I didn't look at it that way. I agree it was sort of
"be here now," but I took from it that, whatever your method was,
you should be focused on executing *this* trade and not letting
yourself be effected by what happened on the last trade(s), or
the news, or whatever. Moreover, try to get Ego out of the way
as often as you can. Ultimately, isn't failure to pull the trigger
a means of protecting the Ego? Money sure is an extention of the
Ego for some people; so if you are "thinking about the money," you
are thinking about yourself, and not about the trade.
Maybe he oversimplifies "going with the flow," but even in
system design the idea of "flowing" and keeping it simple has
value. For example, the Zen of OddBall <VBG>....:
"If stocks go up then buy;
If stocks go down then sell;"
Well, more or less. Hey, no Zen master here: it's still a struggle.
But the book made me smile more than once.
BW
>From: "Gary Fritz" <fritz@xxxxxxxx>
>Reply-To: fritz@xxxxxxxx
>To: Omega-List <omega-list@xxxxxxxxxx>
>Subject: Re: Under financed trader seeking solutions to trigger pulling
>issue
>Date: Wed, 17 Apr 2002 13:36:22 -0600
>
> > 1. A little gem, in the true spirit of Zen - Eddie says 1 word
> > when the rest of us (me especially) would say 10: Zen in the
> > Markets by Eddie Toppel --- see www.samuraitrader.com
>
>This is obviously personal choice, but I found almost nothing of use
>in this book.
>
>It's been a while since I read it, but I remember feeling like the
>entire book could almost be summarized as: "Use the Force, Luke!"
>Trust in magic, **feel** the market, don't think, just go with the
>flow. Whatever that means.
>
>Toppel even thinks looking at charts focuses too much on the past.
>You should "focus on the here and now and listen to the voice of the
>market." The only way you are allowed to look into the past is to
>compare the current price with the immediately previous price, to see
>if the market is going up or down. If it's rising, by his
>definition, then it's "safe to buy into it."
>
>Maybe that works for him, but *I* sure can't trade that way.
>Gary
>
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