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Tyson after a while , it just becomes another trade. You learn to play the
percentages.
If you think of it in terms of percentages then you will have no trouble
pulling the trigger.
What you need to do is understand that every trade you make is a loser. By
that I mean there
is always risk involved. If you can learn to limit the risks, then
naturally it is just a matter of time before
the risk percentages are kicking in and making you money.
Market Analysis , and timing is not important. The only important thing is
Risk analysis and everything else follows. This is why
you can not pull the trigger -- because you do not fully understand the
risks. If you did then it would just become another trade.
If you want to trade for the long term -- the name of the game is survival,
and survial all depends on how safe you make the game.
Mark
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> From: Tyson Wolbaum <Wolbaum@xxxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Confidence
> Date: Thursday, December 11, 1997 8:50 AM
>
> My analysis is was bang on today and my timing was uncanny. All I needed
> to do was phone in my order. But did I? No! Why? Lack of confidence
in
> myself.
>
> Here's a question for the full timers out there. How do you maintain
that
> high degree of confidence that's needed to trade successfully over the
long
> term? Do you have any little actions that help? Thanks.
>
> Scarecrow in Oz.
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