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Norm:
Of course I analyze my trades. I have trouble at times acknowledging
when I made a mistake. Quite often it is when I interered with my
system. And as time goes by the mistakes are happening less oftem.
It is a lot of work like you say. I appreciate the support.
Not sure what I said, however, to get this note from you.
Thanks
Pete
At 11:03 PM 3/26/98 EST, NPedersen wrote:
>Pete - a simply question for you:
>
>Do you keep a diary or log of how your trades go and do you analyze them in
>depth. If not, you should.
>
>When I make a mistake with a trade I spend as much time as it takes to figure
>out what I did wrong or why the stock didn't do what I thought it should
(what
>didn't I know or do). It is a lot of work but that's how I learned (and
>continue to learn) trading - endless research on what went wrong. *I never
>give up on this. Sometimes it takes me hours or days or even weeks to figure
>it out but generally, I come up with a very logical answer (stumble across it
>might be more accurate). I then use this information or technique sometime
>in the future (sooner or later - it always benefits me again sometime).
>
>If you work in industry this is called "continuous improvement." Give it a
>try. If you aren't willing to do this (maybe you already are) then you are
>probably not cut out for trading.
>
>I still make mistakes but they are fewer than they used to be and the wins
are
>bigger and better.
>
> *Obvioulsy I don't work on this full time but I do put in a lot of effort
>in on it.
>
>
>Norm
>
petena9090@xxxxxxxxxxxxxx
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