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Tom wrote:
"Date: Tue, 26 Feb 2002 12:38:57 -0800
From: "Tom Bowen" <kenoor@xxxxxxxxxxxxx>
Subject: Re: Re[5]: Vegas Anyone?
Okay. Here are a few suggestions.
The group is called "realtraders" is it not?
Then lets talk about things related to trading that help one another,
like:
1. Identification and proper utilization of various Technical Analysis
techniques
2. Proper identification of various support and resistance levels and how
to use them in trading the markets
3. Proper interpretation and utilization of the plethora of indicators
4. Proper interpretation of time/price relationships and activity with
the markets
5. Market geometry and how to apply it to successsful trading
6. Discussions of trading tools, how we use them and what value they
bring to trading
Get the idea.
Tom"
Tom, I for one, do get your idea.
Your view of what constitutes TRADING is very reasonable.
It perhaps omits other factors of equal or even greater importance for
successful trading - namely matters relating to the TRADER.
To balance your useful list here are some factors relating to the trader
in a similar format to your excellent list.
1. the discipline of the trader,
2. the inner tendencies of the trader,
3. the acceptable risk of ruin of the trader and the associated trade
size(s),
4. the use made of position sizing techniques,
5. the degree to which the traders fear gets in the way,
6. the degree to which the traders hope gets in the way ...
My profitable clients trade in as many different ways as there are
traders. It seems that it is not particularly their choice of
trading indicators or use of market geometry etcetera that makes some
profitable and others less so, it is their honing of trader skills that
largely differentiate them from the non-profitable.
Those that are still concentrating on TRADING behaviours rather than
TRADER behaviours form the majority of those still struggling to make
profits.
So yes, perhaps your list is good for trading behaviours, and perhaps
some discussion of trader behaviour might be useful too.
Unconditional regards, Ric.
www.traderscalm.com
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