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Your sentiments do not go unshared ... this guy contributes nothing to the
list but sanctimonious puffery in the hope of ensnaring a few unwary souls
to his web site.
Earl
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Sunday, January 20, 2002 12:05 PM
Subject: Re: [RT] Maybe
> 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
> >
> >
> >
> >Your use of Yahoo! Groups is subject to the
> ><http://docs.yahoo.com/info/terms/>Yahoo! Terms of Service.
>
>
>
> 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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