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Well you've done a lot already. You won't achieve your target by focusing on it
permanently. Now that you know what you want, LET IT GO. Study now how you can
best achieve that goal. Once you've got the answer, FOLLOW these rules
religiously. And in due time, you'll achieve your targets.
Your question now is probably: What's the best strategy then? Well, only you
can find that. And reading all the books in the world can only give you ideas,
but not what you should do. Only you can find that out. How? By dabbling
yourself. Consider your current trading to be a trial period only. Don't expect
ANY results from it, that is not what you are looking for at the moment. What
you want now is to try various things on a very small scale (trade real small)
until you find things you are comfortable with. Take it from there and finetune
it, polish it, raise it like your own child. One day it is going to be yourself
trading your own tune in the market, even surpassing your targets.
Your current question is now, how do I know this method here is for me? Because
you feel real good with it, don't feal ANY fear. You don't feel fear when you
put one foot in front of you to start walking. But you do if you do that same
thing over a cliff. In trading it is the same, do small things not things that
may put you over the cliff. You will NEVER feel comfortable with things that
put your assets at significant risk. And you CANNOT win if your Self feels
threatened, as it will do whatever it takes to stop that, usually by wiping you
out.
Good luck in your quest,
small Gwenn
Brian Keith Voiles wrote:
> After having traded the S&P for one-year (a mixture of paper, e-mini's, and
> full contract) I've been considering taking
> the Trade Tutor program. I'm also looking at NATT... I've already taken
> TCI's $6,000 seminar and have studied
> George Angel fairly in depth.
>
> I've had marginal success over the past year... all in all I've made 9.2%
> on my money -- that's just counting earnings
> and doesn't take into consideration the data feed, software, training,
> books, and other expenses. All and all I'm sure I
> must be in the hole. I'm currently studying "Peak Performance Course for
> Traders" by Tharp, and his newest book. I've read Market Wizards, Trading
> for a Living, both Mark Douglas Books, The Intuitive Trader, Zen in the
> Markets, Street Smarts, Exceptional Trading: the Mind Game, Dynamic Trading
> by Miner (difficult for my right brain to grasp), etc.
>
> Overall I'm an infant in this game. I love it though. My current business
> allows me to trade/study all day.... so I'm able to really focus on this
> effort. I know I can succeed (my goal is to net $10,000 per month
> day-trading the S&P). I currently have $25,000 in my account... it's been
> as high as $72,000 and as low $6,500.
>
> I'm looking to polish my "edge"... I'm looking to master this art form. I
> love trading, and am very passionate about it.
> I'd like to know how to "take it to the next level". More than anything
> I've been working on the mental game... but am
> interested in learning and soaking-up all that I can.
>
> Thanks for your assistance in advance.
> Warmly,
> Brian Keith Voiles
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