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no calm ego here thats for sure..............
sunsetisles2001 wrote:
> Quite a while ago, I gave up lunch meats. Infrequently, however, I
> like a taste of ham a la flambe (a/k/a Mark Brown). But, baloney,
> yuck!
>
> Reveal yourself, Oscar Mayer!
>
> Stu
>
> --- In realtraders@xxxx, ric ingram <ringram@xxxx> wrote:
> > Joe,
> > On Date: Thu, 6 Dec 2001 19:58:55 -0500 you wrote:
> > From: "Joe Duffy" <joeduffy@xxxx>
> > Subject: Re: Always on the Right Side
> > As volatility breakout trader who averages down in the expectation
> you can
> > always be on the right side of the market, how DO you stay so calm?
> > I am calm because I have done my research, gained my experience and
> > under-trade - same as any other calm trader whatever the style of
> their
> > trading system or the markets or instruments they trade.
> >
> > I am calm because nothing can hurt me because I under-trade.
> >
> > I am calm because my ego is not involved because I under-trade and
> because
> > I make no prediction for my ego to be attached to.
> >
> > I am calm because I love the occasional loss - any set of trades
> that end
> > in loss is good in the same way Las Vegas casinos love to pay out a
> million
> > on a one-armed bandit - it encourages the losers to keep on playing
> and
> > lose several million dollars back to the casino. In fact they
> love losing
> > so much they advertise it with flashing lights and loud music.
> >
> > I am calm because calm generates more calm - a virtuous circle.
> Calm
> > generates clearer perceptions (fewer emotions clouding perception)
> and so
> > my ability to identify opportunities is improved, so I make more
> successful
> > decisions and act more effectively and this generates more calm and
> serenity.
> >
> > I am calm because I know I can make money almost every day on any
> market
> > that moves significantly.
> >
> > I am calm because I believe I provide a service and that is why I
> get paid
> > (make profits). So I am not in the class of traders who self-
> sabotage.
> >
> > I am calm because I enjoy learning, and learning benefits from
> > mistakes. So mistakes are opportunities for improvement not
> reasons to
> > punish myself.
> >
> > I am calm, because I have seen most things before and know I make
> the most
> > money on periods where initial market moves go against an initial
> > position. I have only recently overcome disappointment (a low
> grade
> > emotion) when the market moves quickly in favour of an initial
> position,
> > for these are often the least profitable trading experiences -
> because
> > service provided is minimal.
> >
> > I am calm because I know the more service I provide to more
> traders, the
> > more I tend to get paid.
> >
> > I am calm because I know the odds are heavily on my side.
> >
> > I am calm because a mistake is just one part of one series of
> trades on one
> > market - there is no problem - it gets lost in the wash and I can
> learn
> > from the mistake.
> >
> > I am calm because I know the market makers are working their butts
> off to
> > make me money.
> >
> > I am calm because I know the big money is just waiting to help my
> position out.
> >
> > I am calm because if the market moves temporarily against my
> position, the
> > next trading period will have even better odds in my favour.
> >
> > I am calm because any increase in margin by the clearing house will
> shake
> > out more losers for me to make more money.
> >
> > I am calm because as the market moves against a position, the odds
> in
> > favour of the position improve markedly.
> >
> > I am calm because nearly all slippage is in my favour.
> >
> > I am calm because it is just one set of trades and the result is
> not important.
> >
> > I am calm because I am patient.
> >
> > I am calm because I am a seller near the top and a buyer near the
> bottom
> > because I repeatedly sell into rises and buy into falls.
> >
> > I am calm because I meld with the market.
> >
> > I am calm because I am doing what I love to do.
> >
> > I am calm because the market showers me with presents as reward for
> helping
> > in its cause of serving traders to the best of its ability.
> >
> > I am calm because the teaching I am privileged to receive from the
> market
> > is helping me in other aspects of my life.
> >
> > I am calm because I have learned to be calm.
> >
> > I am calm because I have made lots of mistakes and lost money in
> many
> > combinations of markets, instruments, trading systems - in other
> words I
> > have done my apprenticeship.
> >
> > I am calm because I can often learn from wisdom of others.
> >
> > I am calm because I can often learn from mistakes of others.
> >
> > I am calm because I do not need to be right.
> >
> > I am calm because a gap in either direction helps me.
> >
> > I am calm because I do not need to worry about loss of data-feed or
> > telephone connections.
> >
> > I am calm because I am getting past excitement and into enjoyment
> and
> > fulfilment.
> >
> > I am calm because I have no need for expensive data feeds, or
> expensive
> > graphing software.
> >
> > I am calm because I know have unlimited opportunities for profit.
> >
> > I am calm because I can get on with my life without worrying about
> an open
> > position - the worst that can happen is that I miss a good
> opportunity.
> >
> > I am calm because I know have unlimited opportunities to improve.
> >
> > I am calm because I am in the moment.
> >
> > I am calm because I know my skills are limited and this does not
> matter.
> >
> > I am calm because I can appreciate and admire the skills of those
> few
> > traders who fight heavy odds and win through vastly superior skill.
> >
> > I am calm because ...
> >
> > If you are not calm why are you not calm? If you are calm why are
> you calm?
> >
> > So my question is why so many traders are unable to get past fear
> and
> > greed? I have 95% as many answers to this question as traders I
> have
> > shared experiences with. But I never cease to be surprised,
> intrigued
> > and learn from each new answer.
> >
> > Perhaps the real question is:
> >
> > "How do so many traders remain so lacking in calm when they see the
> best
> > trader in the world - the market - operate so successfully every
> moment of
> > every day?"
> >
> > There you have it, the market is the worlds best trader and yet
> most
> > traders cannot or will not see it. Yet some will willingly pay
> to attend
> > seminars given by traders who will never be as good a trader as the
> market
> > is - and the markets seminars are open for all.
> >
> > Regards, Ric.
> > www.traderscalm.com
>
>
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>
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