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Hi John
I posted the attachment sometime ago. It may help so far as
developing a trading plan is concerned.
Regarding mastering fear and greed - depends what you mean by
"mastering".
I believe that part of the price being human means we will always
experience "fear and hope" everytime we place a trade. The difference
is that some traders experience the emotions but apply the plan in spite
of them.
If Harley is developing a plan while trading then , my belief is, he is one
step away from not staying in the game. I believe we must first have a
plan, then apply it flawlessly for about 30 trades. After that we can
evaluate it
and make changes where we think it necessary.
This is not to deny the benefit the list may derive from Harlye's sharing.
On other hand, the list can obtain as much benefit from Gwenn's comments.
regards
ray
R Barros
101/25 Market Street
Sydney NSW 2000
Australia
e-mail: ramon@xxxxxxxxx
tel: 61 2 92673470
fax: 61 2 92673478
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> From: John Manasco <manasco@xxxxxxxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Subject: Re: Trading Psychology
> Date: Friday, January 30, 1998 2:52 AM
>
> Gwenn
>
> Sounds to me like Harley is talking about his experiences in developing
> a trading plan and the psychology to go with it, not trading an already
> developed plan. Your comments are correct in that we should trade a plan
> but how do you develop that plan in the first place? Two steps forward
> and one step back? Has everyone on this list already mastered developing
> a trading plan and conquered their fear and greed? I haven't. I'm glad
> Harley is sharing his learning experiences with us. They are helpful.
>
> BTW Harley, thanks for the tip.
>
> John Manasco
Attachment Converted: "c:\eudora\attach\Plan.txt"
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