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you will know you have been spammed into oblivion when you respond to ingram's drivel, rather than reacting.
----- Original Message -----
From: "ric ingram" <ringram@xxxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Friday, October 26, 2001 8:56 AM
Subject: [RT] Trading not Trades
> Hi,
>
> This is not another one of those "XYZ has strong support at 56 and the Gann
> angle suggests a target at 67" emails.
>
> We all use different trading systems.
>
> So some facet of my trading system, with regard to some particular trading
> instrument, at one particular time, is of little interest and even less
> utility to anyone, even the originator.
>
> This email is about trading.
>
> It is not about one aspect, of one view, of one stock, at one time as
> perceived by one trader.
>
> This email is intended to make you think, not react. Winning traders
> tend to respond to the market rather than react to the market. So I
> challenge you respond not react to this. You will know you are
> reacting if your emotions are strongly engaged.
> -----------
> Successful traders come in all shapes and sizes. The range of trading
> systems and trading instruments and markets traded is enormous.
>
> However, many successful traders appear to have many techniques in
> common. Some of these secrets are documented at
> www.traderscalm.com/calm.html
>
> There was one common feature which I first mistook as a trading style
> difference.
>
> It is this 'concept' I now share with you.
>
> Most traders, including many successful traders, spend a lot of time and
> effort identifying good entry points. This is usually done by
> studying the path of the market to this point - based on chart patterns or
> moving average cut-overs and many other approaches.
>
> Most traders then use this analysis of prior market path (or patterns) to
> predict market direction - so they can go on to trade market direction.
>
> Many of the successful traders seem to carry on with the market path
> concept after identifying their entry point - they often do not trade
> directionally at all, or only part of their approach relates to market
> direction.
>
> It is as if they are saying, "If I study the path of the market for my
> understanding and for identifying an entry point, I will continue trading
> market path because that is what I know best."
>
> One of the benefits that seems to accrue to this approach is that the ego
> is not involved so much - as these traders are not predicting direction -
> so there is no 'success' or 'failure' in prediction of direction, because
> there is no directional prediction.
>
> One of the greatest inhibitors of calm - the ego - is often thus not invoked.
>
> And they do not need to talk about their predictions, because they have none.
>
> They are on to a virtuous circle of calm generating more calm.
>
> The majority of traders appear to lose sight of the target - they track
> market path and then aim at market direction! Is it then surprising
> that many miss the target - they were not looking for it!
>
> For another approach to this concept and its implications see
> www.traderscalm.com/droppingthebaton.html and follow the hyperlinks.
>
> I am glad you responded not reacted!
>
> Trading with good feelings, Ric.
> www.traderscalm.com
>
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