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Howard,
Thanks for contributing your thoughts, they are much appreciated.
As one who is still a novice, still learning, making many mistakes,
and feeling the internal and external pressure after 3.5 years, your
comments are not only welcome and comforting, but they concur with my
own determination and discipline in forging ahead. Meanwhile as you
say, the "naysayers" do their best to derive consolation for their
own failures in suggesting we quit.
The one thing I would add to what you said is this: We all wish our
trading growth were as clear and directional as a strong upward
trend, instead of rangy sideways action, fits and spurts with
periodic rallies. In that it often isn't (mine anyway), only we (no
one else) are capable of listening well enough to our inner voice to
know whether there truly is growth and forward movement on our
trading path.
In that I remain inspired, inquisitive, positive, and even confident,
in spite of many setbacks, keeps me going through whatever "rangy
action" my learning curve takes.
Find and hone that voice, and learn to listen to it honestly above
all else. It is an ongoing process, but it is, in the final analysis,
our best friend.
Again thanks for your post. It was wonderful to see it in your process too.
Eliot
>Dave,
>
>I've been trading futures for a little over 4 years now. I love to hear of
>someone else who is still learning. The first year you can justify that you
>are new at this and takes time. In the second year you're still justifying
>the rookie status. In year three it becomes can I really be this STUPID
>that I can't be successful at this. In year four I've grown to beleive that
>I will always make mistakes BUT they are becoming less and less. I can flow
>with the market better, act without hesitation because my sub-conscious
>says, "We've seen this pattern a dozen times before, buy'em here!'
>
>This takes years to get good at and along the way you have a lot of inner
>demons to confront and a lot of naysayers that say it can't be done and you
>should quit. The ones that make don't quit.
>
>Thanks,
>Howard Hopkins
>
>
>>From: "Bob Heisler" <BHEISLER@xxxxxxxxx>
>>Reply-To: realtraders@xxxxxxxxxxxxxxx
>>To: <realtraders@xxxxxxxxxxxxxxx>
>>Subject: Re: [RT] Courses
>>Date: Sat, 17 Nov 2001 11:31:49 -0600
>>
>>I've been on all sides of this adventure, from student to trader to a
>>teacher/mentor offering training and running a real-time chat room. I'm
>>back to just trading now and intend to keep it that way, but I just wanted
>>to say that your post was excellent and offered some great advice.
>>
>>Bob
>>
>>----- Original Message -----
>>From: "crazy12331 e reply" <crazy12331@xxxxxxxxxxx>
>>To: <realtraders@xxxxxxxxxxxxxxx>
>>Sent: Thursday, November 15, 2001 8:20 PM
>>Subject: Re: [RT] Courses
>>
>>
>> > Steve W:
>> >
>> > I am a CPA, well educated and experienced. I went into trading
>>full-time
>>5
>> > years ago, able to afford (sort of) the learning time. I, however,
>>thought
>> > I was better and smarter than most, cautious and street smart (no pun
>>here).
>> > Certainly I'd have this thing down in a year or so.
>> >
>> > Five years later, I'm getting a handle on things. I agree with prior
>>posts:
>> > you can get fabulous information FREE from the web, and the library.
>> > Until you have watched, and lost some (I have kept this part fairly low,
>> > thank God), and watched and studied, until you can get a "feel" for what
>> > you're seeing, and somewhat "understand" what's happening, any serious
>>money
>> > you spend will be a complete waste.
>> >
>> > I think until you get to the "feel/understand" part, WHICH HAPPENS ONLY
>>WITH
>> > EXPERIENCE AND WATCHING, any serious mentor or course money you spend is
>>a
>> > waste. You need a feel as to how the market "moves", where it reverses,
>> > context, graph reading, incur losses, various instruments to trade and
>>not
>> > to trade, temperament tolerance, your reaction time, incur losses,
>> > interpretation, control of greed/fear, ability to resist quick
> >solutions,
>> > patience, incur losses, study, reading, trial and error, observation,
>>incur
>> > losses, time frames, losses, more patience, money, more study, losses,
> >more
> > > reading, resist MASSIVE amounts of BS, more correspondence, losses, etc.
> > > etc. etc.... more than enough to have filled five years for me, and I'm
>>just
>> > getting it, finally (I think).
>> >
>> > So this, a dose of the straight stuff from one who thought I could
>>by-pass
>> > the route so many others fell into. Trading is a profession and a
>>SKILL,
>> > and like any other, you need to develop that skill, which reaches so
>>many
>>of
>> > the corners and crevices which are you and your own personality. This
>> > lesson will teach you about as much about yourself as you'll want to
>>know.
>> > Its a fabulous pursuit, but one which must be looked at as incredibly
>>long
>> > and tough, but also very, very rewarding.
>> >
>> > In short, after putting in your time, you'll recognize which courses are
>> > helpful and which are just hype. Until you know enough to recognize
>>this,
>> > you're not ready for one.
>> >
>> > Best of good fortune,
>> > Dave
>> >
>> > _________________________________________________________________
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>> >
>> >
>> >
>> > 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/
>> >
>> >
>>
>
>
>_________________________________________________________________
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>
>
>
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>
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--
^^^^^^^^^^^^^^^^^^^^^^^^^^^^
Eliot Kaplan
20211 Croydon Lane
Topanga, CA 90290
Voice: 310.455.3810
Fax: 310.455.3085
email; eliot@xxxxxxx
web: www.isu.com
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