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Wouldn't you know I would spell guru wrong and open the door... Oh well,
I've set up a filter for all future mail from you. There are no market
events that could ever stress me to the extent of your constant babbling
from your self made pulpit. I have met people like you a few times in my
life and their arrogance whispered at you from a "here, let me help you"
throne is something I find most distasteful. But maybe others on here
enjoy your prattle so I will end the thread here by not seeing any future
posts from you.
I apologize to the list for making this a personal issue within our public
forum. I know better.
Bob
At 11:53 AM 1/20/2002 +0000, you wrote:
>Bob,
>
>Thank you for your public reaction - I hear myself in you.
>
>On Date: Sat, 19 Jan 2002 21:09:36 -0800, you wrote to Realtraders:
>--------------------------
>"From: BobsKC <bobskc@xxxxxxxxxxxx>
>Subject: Re: Maybe
>
>Do people actually buy this geru b.s. and pay you for it? Please.. if you
>have something to contribute that has NOTHING to do with the mentality of
>trading, do so. If not, you have burned out that topic several times over.
>Thank you,
>
>Bob"
>-------------------------
>
>Bob,
>
>The word you are looking for maybe 'guru'. I am no guru, and my
>services are all free. Perhaps, that is all they are worth.
>
>Maybe you are projecting onto me where you would be coming from, if you
>were saying what you perceive I am saying, in the manner you perceive me
>to be speaking.
>
>Maybe your perceptions are wrong, and maybe you are telling us all
>something about yourself you would rather be kept hidden if you were more
>self-aware?
>
>When you feel you are incredibly fortunate, and perhaps have something of
>value to offer other traders from your experience of both failure and
>success, you may also wish to give back some of your experience to the
>trading community.
>
>If you cannot understand this, perhaps you will suspend judgement until
>you can. But I think you can understand at a deep level.
>
>Most everything is to do with the psychology of trading.
>
>For example, the need to discuss individual targets, projections,
>forecasts, entry/exit points for individual trades etcetera is often (but
>not always) based on a need for reassurance of the wisdom of actions taken
>or planned, or perhaps based on a need for psychological stroking for a
>(self-perceived) rare success story. Both suggest a lack of confidence
>and thus a lack of long term success. There are exceptions, but these
>are the most common deep motivations for discussing such trivia.
>
>For if a trader is more self-aware, then he/she knows that their forecasts
>etcetera are just tips in the eyes of other traders - and having got past
>the stage of taking tips themselves, realise the damage tips do to other
>traders less well developed on the path to trading success.
>
>So I am glad to have been of (irritating) service to you. I am truly
>sorry that the opportunity I may have given you has not been of value to
>you to date, for I can only be as successful for you as you permit me to
>be. No strategy works for everyone. Not everyone is ready, and those
>that are ready need a range of different prompts, for everyone is both
>different and the same.
>
>Emotions are your feedback device - only invoked when you recognise you
>are off a path that could lead to your objectives or aims - this is why
>the word "upset" is used for people in an highly emotional state.
>
>So what are your emotions feeding back to you?
>
>If emotions are a feedback device they are useful only if you use them for
>their intended design purpose, and not as a weapon to unsuccessfully
>project your problems onto others and so as a means of avoiding personal
>acceptance of the need for change.
>
>So let us look more into alternative approaches based more closely on some
>sort of shareable objective reality, and not clouded by strong emotions ...
>
>Imagine you took a trade in IBM. You did well to buy it at 50 and
>sell it at 100 - a 50 point profit. Congratulations.
>
>Imagine simultaneously with your purchase and sale, a friend made 5,000
>points out of IBM - in exactly the same period your directional trade was held.
>
>Impossible you cry.
>
>90 years of DOW data is available free from the internet. Just search on
>Google for 'free dow data'.
>
>Over the period of the data, the total move from Jan 2, 1901 to April 24,
>1998 was 51.6 to 9064.2 - a move of 9,000 points approximately.
>
>In the same period the total path of the market, close to close, was about
>127,000 points. If the intra-day movements were available, the path
>of the market would probably be nearer 1,000,000 points.
>
>So where is the money? 9,000 points in directional move or the
>approximately 1,000,000 points in market path.
>
>They say in trading you should go for the money!
>
>Volatility provides, on average, about 100 times the opportunity for
>profits compared to a trend - and getting the trend profits does depends
>on correctly predicting the direction.
>
>Now you know where over 100% per annum profits can arise regularly and
>potentially stress free. As you know, much trader stress relates to ego
>- self value linked to prediction success or failure. So using no
>predictions removes a major source of stress for those of us with an ego
>like me.
>
>Now you know why some successful traders put up with a life in a trading
>pit even if they leave for home shortly after the open.
>
>But if your emotions are clouding your perceptions, then yet another
>opportunity goes by unexploited.
>
>That's life for those of us lucky to have emotions, but unfortunate enough
>not to know how to use them to our advantage.
>
>This last statement is not entirely correct as those that wallow in their
>emotions are using their emotions to one kind advantage - wallowing and
>being able to blame those who are perceived as invoking the
>emotions. Sad really, as it is such a waste of a good life experience
>and potentially useful emotional feedback.
>
>Still, there will always be another opportunity - perhaps this one has
>your name on it. I do hope so.
>
>Unconditional regards, Ric.
>www.traderscalm.com
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
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