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Don Thompson wrote:
GO...
I wasn't trying to get you to justify your self. I know you know
alot.
I have only done this thing part time for 10 years and have had 80
percent
losing years.
Some Self Quetions....
With utmost respect one would need to question if one should continue
trading?
If one should be a trader? Why is one trading? ....and the list goes
on!
I have found that most people who are successful
in this business the
hard way have been doing it for probably over 15 years, made and lost
several
fortunes. I am well on my way to losing my first small fortune...
as a have said before most overnight success's take about ten years
and most very successful traders are a rare and seperate breed from
the mob.
I am obviously not an intuitive trader, I have no
truck with intuitive
traders or people born into trading familys or people who are successful
trading. I was having a "gas" attack about saying you
my apologies I misunderstood you...maybe it is a cultural thing too..!
were a trader, and implied you had no expectation,
when your language belies
your experience as a trader to expect to be really "a happy chappy"
while a tight range is developing, because your experience tells you so.
eh?
If that is not forecasting something's "on the horizon", then I don't
know
how that is different than Mr. McCabe telling
the Merrill Lynch crowd that currently we are in a "Calm before the
storm"..
> still smiling,, "Gentle" Ox....
> and no i do not forecast,,just trade... and I am wrong until proved
right
> read Ned Davis's book!
So your experience, your memory, your respect for your self, your
willingness not to put yourself in
danger,
I do not stand in front of frieght trains but I do not back down from danger
either.... "risk = danger" hence the losses and henc the rewards...!
the Chinese and Japanese translation of "RISK" is
"opportunity riding a dangerous wind"
your stop placement are about trading.
I would expect most
newbies, thing trading is trading an opinion, where
as you (Gentle Ox) are trading from experience. That is
what I am getting
at. My point is that you have to forecast
I do not have to forecast...... where I was yesterday means nothing to
me where I am going tomorrow means nothing to me...where I am now means
everything..this is living this is the zone.. I enter
the market and I am wrong until the market confirms to me I am correct
in this....market.....Like many great traders have said each day is a new
day... and I like them ask myself the question each day with all trades...
would I put this trade on today?? if I answer NO
then I pull the trade....you see from my heart I have not expected
anything.. the market will tell me what it wants me to do..... and if I
do not listen so be the results and I have to be responsible for those
results.....I am responsible for my actions.. no one else....
develope a reasoned or intuitive expectation in order
to pick up the phone.
If its different then, I am asking you to clarify.. I am not interested
in tearing you down as a
person, I apologise that you interpreted what I
was writting about as a challenge that you had to say Phew..
So when you are proven "wrong". How do you deal with it? How do
you
reconcile your expectation with the market being right.
Life is about mistakes, been wrong.. I take that responsibility
on board
I do not expect there fore I having nothing to reconcile.
The market is always right it is "ipso facto"
For example a coflict...
If you go to hit me it is not my problem...
you have an anger problem....you mean nothing to me
If you go to hit me I will redirect your energy of the blow
and I will only take action after you have launched your attack..
not before and not after..but in that very moment you unleash the blow..
Thus the trade........strike only after the trap has been set....
This is what I am interested in.
Regards...
Don Thompson
If I can answer any questions I will...
remember I can only answer from where I stand not from where you stand....
"Gentle" Ox
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