|
PureBytes Links
Trading Reference Links
|
My experience has been the same as Earl's. It wasn't until I ended my
squiggly line/systems phase and started studying PRICE and market behavior
that my trading took a step in the right direction. But that was just one
step as I soon discovered because even though I then felt I had some clue as
to what I was doing and what I should be doing I still wasn't able to
execute properly. Needless to say this came as quite a disappointment since
I thought I was well on my way because I had figured out an approach that
worked.
It was then that I came to the realization that there is an absolutely huge
difference between learning a methodology and learning how to trade. I also
realized the large mental and psychological challenges that I was going to
have to overcome along with the tremendous amount of discipline that it was
going to take to trade successfully. I know a lot of people (not traders)
poo-poo this part of trading, and I have even seen some refer to it as "Tony
Robbins horsesh-t". My only response to this is simply that they don't
understand trading.
You don't learn how to golf or how to Win at the driving range.
Bobh
----- Original Message -----
From: "EAdamy" <eadamy@xxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, May 06, 2001 6:12 PM
Subject: Re: [RT] WHY...Trading Profession?
> FWIW, I've kicked around the trading business for 15 years, the last 5
years
> full time trading futures. With the exception of a six month period
trading
> OEX options full time in the late 80's (I blew out the account buying
> premium), I spent most of 10 years building and testing systems which
never
> seemed to hold up in thorough testing. It was when I moved from systems
> trading to discretionary trading and from study of indicators to study of
> price and market behavior that I began to make the headway which allowed
me
> to begin trading full time. If there is one book which I wish I had found
> when I started, it is Robert Miner's Dynamic Trading - costs $100 (with
one
> year money back guarantee) at www.dynamictraders.com - which sets forth
very
> practical techniques for discretionary trading. All authors will try to
sell
> you their custom trading software - not needed for trading.
>
> Earl
>
> ----- Original Message -----
> From: <jsessi5941@xxxxxxx>
> To: <realtraders@xxxxxxxxxxxxxxx>
> Sent: Sunday, May 06, 2001 3:14 PM
> Subject: Re: [RT] WHY...Trading Profession?
>
>
> > I total agree with you as I said I have a closet full of books and soft
> ware
> > I have attempted to trade oex options (long calls and puts) for the last
8
> > years
> > and never had a winning year most were loss or brake even. Ihave stop
> trading
> > and look at what I am doing wrong and what i am doing right.
> >
> > most of you all are professions at trading and have worked hard to get
> there
> > . I am not asking you give me the golden goose that you have worked so
> hard
> > for.
> > I am looking for a little direction which is what Stephen had in his
> e-mail
> >
> >
> > that e-mail told me that I have a lot of work ahead of me. and now i
have
> a
> > starting point.
> >
> >
> > you see if you gave me the goose I would not know how to use it because
> its
> > your goose, I understand that I have to find and grow my own.
> >
> > I learn a long time ago there are no free lunches.
> >
> > Thanks very much for your input
> > James.
> >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|