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Gary,
I have to agree with Linda. It's a 'sign': "If you keep doing what you've
been doing, you'll keep getting what you've been getting".
My advice: take a month off - no trading, no stocks - NOTHING. You need a
vacation.
Tim
-----Original Message-----
From: Linda Swope <lswope@xxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Date: Friday, February 26, 1999 3:22 PM
Subject: Re: Trading Demons
>Hi Gary,
>
>I like the philosophy that if you stick to your system, you have no winners
>or losers... only up trades and down trades. So then if you have too many
>down trades, your system sucks. That might seem like over-simplification,
>but it helps narrows your focus in the chaos and confusion brought on by
the
>"demons".
>
>Best wishes,
>Linda
>
>Swope's Mountain Photography
>http://www.swopephoto.com
>linda@xxxxxxxxxxxxxx
>Climb the mountains & get their glad tidings: Peace will flow into you as
>sunshine into flower; the winds will blow their freshness into you & storms
>their energy, & cares will drop off you like autumn leaves. John Muir
1838 -
>1914
>
>
>-----Original Message-----
>From: gary gray <ggray@xxxxxxxxx>
>To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
>Date: Friday, February 26, 1999 1:25 PM
>Subject: Re: Trading Demons
>
>
>>Hi Gary!
>>
>>The last time I did this I got slammed by the public..but here goes!!!
>>
>>If you re read your post you will find words like "winning days",
>>"streak", and "cannot win". OK that's
>>fine.. but it IS GAMBLING terminology. If not consciously then
>>certainly it's coming up from your sub-conscious. Fine again... Mainly
>>because equity and commodity trading is a ZERO sum game. If you are
>>willing to put up 5 or 10 thousand dollars in the hope of "winning" X
>>dollars per week, month or whatever, just understand the money you are
>>"winning" is coming out of the pocket of someone (a friend, we are
>>friends aren't we??)so..... Here's the part I get slammed for!!
>>
>>PERSONALITY ATTRIBUTES: If you are walking down the street and someone
>>drops a wallet...
>>
>>a) you take the $$ and put the wallet in a mailbox.
>>
>>You have the "It's mine now and I can use it" "It was meant to be"
>>Fine... You are mentally willing to accept something spontaneously for
>>nothing.
>>
>>b) you tap the person on the shoulder and give them the wallet back.
>>you wouldn't think of keeping "something that isn't yours"....
>>Hmmmmmm... am I pinching any nerves???
>>
>>
>>c) You are at the race track and someone drops a ticket
>>when they leave the teller.
>>You could have the ticket cancelled and get the money
>>(it is a bearer instrument and belongs to the holder).
>>You could assume the bettor knows his stuff and keep the ticket to see
>>if it's payday!!
>>You could give the ticket back.
>>
>>Why give it back? They are gambling too and know they may lose...
>>It's yours now. Right? How do you answer?
>>
>>Do some soul searching.. This dialog may seem silly or pointless but
>>there is much to it.
>>
>>BTW: When you are "paper trading" how do you know the
>>broker(s) aren't going down?
>>
>>A trade is a trade. Confidence is irrelevant. Don't take more than a
>>point or two loss and keep a trailing
>>stop to maximize profits. If you obsess about profit/loss don't take
>>'em to bed with you (daytrade only).
>>
>>Best wishes...
>>
>>
>>
>>
>>---Gary Kramer <gmkramer@xxxxxxxxxxxx> wrote:
>>>
>>> Help! The trading demons are out to get me! I am in a terrible
>>rut! Everthing that could go wrong has. I havent had a winning day
>>in weeks. When I have gotten into a bad streak, I papertrade, I read
>>Van Tharps stuff, I follow all of the Psychological crap out there to
>>get my confidence back, then when I go to place the first trade,
>>following my rules, I get a loser. No big deal, confidence is still
>>up so I wait for the next setup, take the trade, and of a course a
>>loser so I dont take the next trade which is the winner. The next one
>>I take is another loser. Or just when I get into a trade, my ISP goes
>>down or my computer locks up. This never happens when I papertrade!
>>Or today, I decided i would trade the mini SPOO to get my confidence
>>back and PMBe is having problems so I missed 3 trades and had a winner
>>turn into a loser! I have tried 4 different brokerage firms and
>>obviously that is not the problem. I have been doing this full time
>>for seven months and am negative big time!
>>>
>>> What should I do? I unfortunately have done the incorrect thing
>>and jumped to another system or approach when one failed, looking for
>>the Holy Grail. I know its not there but I have this glimmer of hope
>>that it is. My system now is very simple and relies on "reading" 2
>>minute candlesticks and looking for reversal patterns and support and
>>resistance points. I use Stochastics as a basis to assess divergence.
>> Pretty simple stuff yet I cannot win.
>>>
>>> Please Help!
>>>
>>>
>>>
>>> Gary Kramer
>>>
>>>
>><HR>
>><!DOCTYPE HTML PUBLIC "-//W3C//DTD W3 HTML//EN">
>><HTML>
>><HEAD>
>>
>><META content=text/html;charset=iso-8859-1 http-equiv=Content-Type>
>><META content='"MSHTML 4.72.3110.7"' name=GENERATOR>
>></HEAD>
>><BODY bgColor=#ffffff>
>><DIV><EM><FONT color=#000000 size=2>Help! The trading demons are out
>>to
>>get me! I am in a terrible rut! Everthing that could go wrong
>>has. I havent had a winning day in weeks. When I have gotten into a
>>bad streak, I papertrade, I read Van Tharps stuff, I follow all of the
>>Psychological crap out there to get my confidence back, then when I go
>>to place
>>the first trade, following my rules, I get a loser. No big deal,
>>confidence is still up so I wait for the next setup, take the trade,
>>and of a
>>course a loser so I dont take the next trade which is the winner. The
>>next
>>one I take is another loser. Or just when I get into a trade, my ISP
>>goes
>>down or my computer locks up. This never happens when I papertrade!
>>Or today, I decided i would trade the mini SPOO to get my confidence
>>back and
>>PMBe is having problems so I missed 3 trades and had a winner turn
>>into a
>>loser! I have tried 4 different brokerage firms and obviously that is
>>not
>>the problem. I have been doing this full time for seven months and am
>>negative big time! </FONT></EM></DIV>
>><DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
>><DIV><EM><FONT size=2>What should I do? I unfortunately have done
>>the incorrect thing and jumped to another system or approach when one
>>failed,
>>looking for the Holy Grail. I know its not there but I have this
>>glimmer
>>of hope that it is. My system now is very simple and relies on
>>"reading" 2 minute candlesticks and looking for reversal patterns and
>>support and resistance points. I use Stochastics as a basis to assess
>>divergence. Pretty simple stuff yet I cannot win.</FONT></EM></DIV>
>><DIV><EM><FONT size=2></FONT></EM> </DIV>
>><DIV><EM><FONT size=2>Please Help!</FONT></EM></DIV>
>><DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
>><DIV><EM><FONT color=#000000 size=2></FONT></EM> </DIV>
>><DIV><EM><FONT color=#000000 size=2><BR>Gary
>>Kramer<BR></FONT></EM></DIV></BODY></HTML>
>>
>>
>>==
>>Regards,
>>
>>Gary
>>
>>The Best Global Telecom Price$
>>Guaranteed...
>>http://LD.net/?garywgray
>>_________________________________________________________
>>DO YOU YAHOO!?
>>Get your free @yahoo.com address at http://mail.yahoo.com
>>
>
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