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Where is the moderator of this list?
Will you please get this guy off of
here?
Most of us would like to get on with the business
of trading.
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
ric
ingram
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Monday, February 11, 2002 4:34
AM
Subject: [RT] Have you got immunity to
Trading Flu?
Hi,You would be surprised how many traders
communicate with a view for strokes.Imagine you are lacking in
confidence about a planned trade or an open trade or a change to your
trading system.One approach would be to do the work to test out the
idea with your test data, another could be to ask someone else on a
trading forum.The second method is the lazy way. It gets a
positive stroke if someone says "Yes, I like it.". It gets a
negative stroke if someone says "It does not make sense - I think
this."Another seeker of strokes is the trader who tells you about his
specific big closed or open trading loss or recent great win hoping for
commiseration or congratulation or at least fellow
feeling. A good wallow in emotions can compensate
for having losses or so few successful trades that gloating is
required.Be wary of anyone who tells you, in public, about a single
entry or exit or forecast of one trading instrument unless it is just an
illustration of an idea or concept or trading system.If they are
unlucky enough to get a response in kind, before they know it they are
trading whims and tips again, not their trading system. Worse
still, to some others on the forum, their specific trade information is
potentially a whim or tip. They have passed on an infection,
to those as weak as themselves, as damaging as the flu.Grow up -
build slowly your own trading system and with it your
self-confidence. Sure you can get ideas for market behaviours
and trading systems etcetera from others but be sure to verify the market
behaviours for yourself and make sure your trading system remains in line
with the market behaviours.Whims and tips slowly destroy your
self-confidence and that of any others that are foolish enough to be
influenced.So do not pass on the trading equivalent of the
flu. Ask for advice on a forum in a manner without
mentioning one particular stock or current price or current status of an
indicator.Ask in a way that uplifts as the answers will be useful to
others, such as:
- if I think the market is rising/falling, what
do you find is the best indicator
for early entry to the trend - I use xxx with
some success for falling
markets but it does not seem to be good for
rising markets,
- what are the considerations a fundamental
player would use to assess
the banking industries
prospects,
- my favourite market behaviour to trade is xxx
- it gives profitable
opportunities in the yyy market at least twice
a week, -
my trading confidence rose when I did ..., what are your techniques
of confidence
building,
- what is your approach to trading stop-loss
orders, mine is ...,
- where can I find free data for the currency
markets, I want tick data and
daily open high,low,
close, -
my experience of learning to overcome ???? is, is this unique?It is
not necessary to infect others with your trading flu.You will get more
useful feedback from the forum and so will everyone else.So now,
perhaps, you know some of the reasons some traders publish specific trade
information? And as it is a compulsion for them - have
genuine pity, and most importantly do not compound their
problem.Unconditional regards, Ric.www.traderscalm.com
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