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At 7:48 AM -0700 7/12/00, Dennis Holverstott wrote:
>There's another thing that, on the surface, sounds really silly but it's
>helped me deal with the emotions of trading the S&P. I've trained myself
>to think in terms of points rather than dollars. I have Tradestation set
>up with BigPointValue = 1 so the system reports are in points, not
>dollars. All my Excel worksheets and my daily strategy printouts are in
>points as well. After I exit a trade, if you were to ask me how much I
>made or lost, I would have to do a mental calc to tell you the number in
>dollars. Somehow it's easier for me to deal with a drawdown of xx points
>than to remind myself that I just lost the price of a new car. :-)
Another trick I use is to think of it as "the company's money".
In a former life, I was responsible for deciding how to invest
millions of my employer's dollars in various projects - it didn't
bother me one little bit. So I just switched to thinking of my
trading account as "the company's money" to keep the same mentality.
Bob Fulks
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