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Mark,
I took Van Tharps' course and at the time she was working for Tharp. I
also took Roosevelts' tapes as well. Both make for very good doorstops. I
have been trading since 1982 and from being both a trader and a teacher of
trading, I see the same aliments from myself and others. It all boils down to
your system or the method you are using to trade the markets. If you have not
backtested it well enough, your inner self will know about it and you will
not take all the signals, that's it!!!
Trading profitably is really not all that hard, but we make it much
tougher than it is. Many of us set our goals way too high and when these
goals are not achieved, we feel as if we failed. I have many rules in my way
of trading and one of them consists of what to do if I'm having a drawdown.
When I lose 12%, I must cut back till I'm only trading Currencies until some
of the other markets changes trend, then I can resume trading more. I believe
I must be ready to trade less when trading is not going well and must trade
less after a string of big winners as well. When you have a well tested
method, you will feel better about it and not second guess your signals.
Douglas' The Discipline Trader is by far more reasonably priced and one
can learn about themselves.
Jim
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