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Re: GEN:Trading Team?


  • To: THOMAS BECK <thombek@xxxxxxx>
  • Subject: Re: GEN:Trading Team?
  • From: Bob Fulks <bfulks@xxxxxxxxxxxx>
  • Date: Wed, 7 Jul 1999 19:11:46 -0700
  • In-reply-to: <015801bec8d2$f4dd8c40$68a4d5d0@xxxx>

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At 4:46 PM -0700 7/7/99, THOMAS BECK wrote:

>Just a random thought I had. Hope it sparks some response.
>
>I am by no means a master trader and I don't pretend to any
>particular skill or knowlege. I'm a rank amateur at this game trying
>to get better. I am however starting to get a feel for the psychology
>of trading problems that more experience players have tried to
>express here on real traders.

In a former life I had a job where I was responsible for deciding 
where to invest millions of dollars of my employer's money, which new 
projects to fund, etc. I got pretty good at it and it didn't bother 
me a bit to make such decisions.

So now when I trade I mentally think of it as "company money", not my 
money. If I started think of it as:
 
    "two jet skis, a small ski boat, five big screen TV's, twice the value
     of my current car, XX days work, XX months of mortgage etc.,"

I would never be able to trade.

Bob Fulks