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Exactly my way of viewing things as well:
Essentially I view myself like a crocodile looking at as many opportunities as I
can from my present viewpoint, and snapping up things decisively ("market" in
trend or "limit" countertrend) when I encounter very mouthwatering ones. No need
to hunt them all, no need to chase them, no need to eat them entirely. Just
getting some meat off the move I envision on the underlying.
Another way of looking at it from my personal equity level point of view: I am a
hitchhiker piggybacking whatever instrument I trade so that it gets me a little
bit further ahead along the road. I have no specific targets either: as long as
I feel OK riding this baby, I hang on. If I feel fishy about its direction, boy,
I get out "market". If I get bored with my driver and see another one, I switch,
as long as I feel more comfortable with the other one.
Of course I ride many trades at the same time, and there are always plenty of
rides around.
wandering Gwenn
Earl Adamy wrote:
> Good point! One of my major stress points has been a compulsion to nail the
> major turns and feeling a sense of loss if I allowed a market to "get away"
> from me. With all that stress on nailing the turns, I then felt reluctant to
> take profits along the way. I've become far more willing to trade in and out
> of a trend and this has significantly lowered my stress levels. This has
> essentially meant breaking the "big trades" into a series of smaller trades
> and just nibbling away at the pie.
>
> Earl
>
> ----- Original Message -----
> From: Gwenael Gautier <ggautier@xxxxxxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Cc: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Wednesday, December 01, 1999 1:39 AM
> Subject: [RT] Re: Advice Wanted: S&P Training -- Trade Tudor, NATT, Other?
> {03}
>
> > Similar experience. Indeed stress is a very important factor after a
> number of
> > years. Winning long term absolutely requires some trading methodology that
> > allows to live stress free in my opinion. For my part, I solved the pb by
> > consistently trading small size which means I never get attached to the
> profits
> > (which are small) or frozen by the the losses (which are tiny). However
> after a
> > big number of trades (there are zillions of opportunities every day in the
> > various world markets), it can really add up.
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