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[RT] Re: Crocodile trading and hitch-hiking {02}



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Gwenn

BobsKC wrote:

> You should live here .. I have a bayoo in my back yard where several ten to
> twelve foot gators live.  When I get soft, I watch them eat a few ducks off
> the water and realize that only the most hungry get fed.  (Or is it that
> only the fastest eat? ..Or only the largest teeth survive? ..)  Oh well..
> anyway, I may offer a trading program based on the teachings of my gator
> friends and get rich.   :))
>
> Bob
>
> At 03:07 PM 12/1/99 +0100, Gwenael Gautier wrote:
> >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.
> >
> >
> >
> >