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the learning curve



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<DIV><FONT color=#000000 size=2>from TED,&nbsp; ok im not gullible, I realize 
people sell to make $$$, in my own personal quest to learn and make sense out of 
this business I have bought books , courses, hotline gurus etc, trying to find a 
style of trading that fits my personality and account size,&nbsp;&nbsp; this is 
a fascinating opportunity if and when one can learn to be profitable, now years 
later and many $$$ later , I have found my style in daytrading,&nbsp; I am using 
KRIEGERS software, yes it aint cheap, but if one is going to buy or sell, one 
must have a reason in doing so, and SCOTTS program in so far as I can tell, 
(there being no perfect anything in this world), and from MY OWN PERSONAL 
experience&nbsp; has been very helpful and PROFITABLE, not to mention cutting 
down the learning curve, which was one of my main reasons along with 
profitability in buying it. ALSO the tech support&nbsp; guy&nbsp; in MY PERSONAL 
dealings with him has been above and beyond the call of duty. I have no personal 
or financial ties with SCOTT , I am just a satisfied customer, probably because 
it fits my personality and account.&nbsp;&nbsp;&nbsp; NOW&nbsp; I realize u 
veterans out there probably shake your heads time and time again at us NEW to 
trading, but as far as I can gather, EVERYONE needs something to trade by. IN 
closing KEEP the CRITICISM coming, for me all opinions and personal experiences 
are welcomed, WISH I was here years ago, could have saved myself&nbsp; $$$ on 
some of the things I bought.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; GOOD TRADING,&nbsp; 
from SWISS- TED</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Sat May 08 06:41:27 1999
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Date: Sat, 08 May 1999 12:10:52 +0100
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From: Jonathan Stewart Dempster <aceit@xxxxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: FuTrs: Book, THE WAY TO TRADE
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As someone just starting in the pursuit of knowledge regarding trading, i
have  been reading a book titled  the "way to Trade" (discovering your
successful trading personality)  by John Piper,  FT pitman publishing, isbn
0-273-63754-1. 
                I feel it has a very good balance of content, something for
all  if you like, the author does trade himself and has been managing money
at "Berkley Futures" in london for a short while. The thing i like about the
book is that it puts across very good lessons in an easy to understand
way.(probably better than this email message) anyway,

It has a step by step approach of taking the reader through each stage of
evolution by the use of "the trading pyramid"  it has a very neccessary
heavy leaning on the psychology involved in trading, it also covers,
commitment,discipline,money management, risk control, thinking behind system
design, it gives some basic strategies for futures and options,talks about
market profile, minus development etc, (but he does point out at the start
not to take his work at face value, encourages the reader to think, develop
his/her own methodology) but  he does provide a very usueful structure that
shows you the steps. also a concept that suddenly clicked within me was that
of  PRICES BEING ACCEPTED OR REJECTED AT CERTAIN LEVELS and the likely
consequences from that point on,  silly as it may seem that concept was
never in my way of thinking.
                        
                I  had an instant liking to this book at an early stage, due
to the fact in my first few trades i was forming opinions of "were the
market should be heading"  i posted my first few trades to the group, i was
up + 56 points in the ftse100 INDEX  but my opinion at the time was to exit
when i had 70,, so i merrily watched the +56 pointer  vanish right in front
of my eyes. i closed out even, yes, i was hoping that prices would turn
around  because of my opinion .. so the next few trades went the same way,
lost some money, at that stage i could recognise my opinions were actually
hindering me, i started then saying to myself "Trade what you see, not what
you think"  So i laughed to myself when in the introduction in the first
chapter showed me this pyramid and right at the bottom was the quote"
YOU-TRADE WHAT YOU SEE, NOT WHAT YOU THINK/FEEL"  i recognised myself on the
first level of the pyramid.. ive still a long way to go though.. 

put it this way if someone said "so Jonathan can you recommend any good
books on futures trading that might help me develop my passion"
THE WAY TO TRADE would be one, 

In short i think it will be a worthwhile read,its a good start to encourage
traders to learn to sit back and trade objectively, selectively, without
emotion, he also is contactable by email etc, theres a psychological
questionaire in the back that you can work through and email off to him i
assume, i'll do mine and i'm sure the reply might be "My god thats terrible,
stick 3 bullets in a six chamber and pull the trigger 4 times" hehehe .
seriously he offers s free 5 minutes consultation by email i think... and
welcomes any feedback from the readers, he also design's systems, and offers
his services as a coach, anyway  retails @ £24.99 

Best to you all,  Jonathan.