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Richard D. McCall has written an excellent book, indeed that will help
traders. The A.C.T.I.O.N. plan he speaks of on page 64, I have committed to
memory and use it my business every day. Happy trading.
----- Original Message -----
From: "Michael Suesserott" <MikeSuesserott@xxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Wednesday, July 26, 2000 1:51 PM
Subject: [RT] The Spiral Calendar
> Terry,
>
> great post.
>
> It's true that many are subconsciously uncomfortable with the insecurity
of
> risk situations and instinctively put off the actual process of trading.
>
> Most professions are geared towards avoidance of risk. Doctors, truck
> drivers, programmers - you name them. Traders, on the other hand, are like
> warriors. Willing and ready to take the risk of being wounded during
battle,
> though hopefully not mortally.
>
> This samurai-like attitude necessary for trading is well described in the
> book "The Way of the Warrior Trader", by Richard D. McCall. Should be
> required reading for every trader, IMHO.
>
> Kind regards,
>
> Michael
>
>
> -----Ursprüngliche Nachricht-----
> Von: listmanager@xxxxxxxxxxxxxxx [mailto:listmanager@xxxxxxxxxxxxxxx]Im
> Auftrag von Terry Smith
> Gesendet: Wednesday, July 26, 2000 21:57
> An: realtraders@xxxxxxxxxxxxxxx
> Cc: realtraders@xxxxxxxxxxxxxxx
> Betreff: [RT] Re: The Spiral Calendar
>
>
> I agree. The more time you spend away from what you are actually trading
> (your specific commodity and it's price action), the worse your trading
> results will be. This applies to all endeavors outside of actual trading
> :studying moon cycles, reading tea leaves, studying seasonals, listening
to
> sky jockies (astrology), working on the perfect moving average, looking
for
> an indicator that will "predict" price action for you ect, ect. Learn to
> read the tape. Defy human nature and do the hard part first (picking up
the
> phone, placing the trade, managing the risk, exiting trade with profit or
> loss). Then AFTER you master the art of trading you can add indicators or
> whaterver you think will enhance your performance. The reason so many new
> traders look for the holy grail is because it delays the actual process of
> learning how to trade. Trust me, I am speaking from actual
experience.Happy
> trading.
>
>
>
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