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Michael my comments were stimulated by your post but are in no way intended
to be personal or are tey the words of the old sage. They are just true.
The fact that a seasonal or any other trade does not work, should not and
must not be viewed as a devastating event.
It must be viewed as just another trade.
If it worked great but not so great as to be earthshaking.
If it did not work, it should not put the trader into a state of great
depression.
Trading is a business. If you treat it as a business, you have a chance for
success.
In any other business, a single opportunity that does not work would
hopefullly not ruin your day.
And so it must be in trading.
Learning to lose and move on, is a vital and necessary part of trading part
of trading.
Otherwise the trader will constantly beon an emotional and financial
rollercoaster.
Thanks
Peyton Morgan
Editor@xxxxxxxxxxxxxxxxx
http://www.TradersDigest.com
-----Original Message-----
From: Michael Ferguson <Michael.WL7BDN@xxxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Thursday, February 05, 1998 12:53 PM
Subject: Re: Futures-Answers to seasonal trading questions
> I seem to learn everything the hard way in trading. <
Wow, I'm not alone in the universe after all. Last year I entered
a seasonal commodity commodity that had not lost money in 15 years. I
traded into a perfect bull trap and got my clock cleaned. (er, that is,
got my pocket cleaned). That trade was perfect 3 weeks later. Which leads
to the point: a 15yr average means that half the time the trade was later,
and half the time the trade was earlier. Most of the time a 15yr avg
cannot time entry. In fact, an "average" year would be an anomaly. It's
good
to know that prices have seasonal tendencies, it gives something to
anticipate, but, like weather forecasts, WHEN is as important as WHERE.
Michael
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