|
PureBytes Links
Trading Reference Links
|
Hi Bob,
You wrote:
"From: BobsKC
To: realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, March 21, 2002 1:21 AM
Subject: [RT] Our list
I think it time we looked to fix our problems with the list and to that
end, we need to know some fundamentals which I admit, I've lost track
of. As far as I can tell, there is no list moderator and since we are
using yahoogroups, that makes sense. If there is sufficient interest,
I'll
look into setting up a majordomo mail server and we'll move the list to
it. Should we do that, I would propose that we have a small committee to
determine if someone is dropped and that we set up a set of criteria that
makes the list for the benefit of the majority and that we remove all
self
serving interests, be they financial or ego tripping. I would like to see
our list move toward people sharing their ideas on individual trades,
whether they be commodities, equities, futures, options or funds. I would
like to see at least a modicum of courtesy to others and the mumbo jumbo,
vague, guru bull shit, gone. Anyway, if there is an interest in this
proposal or another idea to return civility and professionalism to our
list, lets speak out.
Bob"
Speak out all you will, success at trading is about 90% a psychological
driven enterprise.
Unfortunately it tends to be the successful ones that seem to realise
before the unsuccessful ones do. One way in which this
plays out is that however good your trading system is, you will tend to
lose money if you do not have the discipline to follow it.
Another way in which this plays out is those that take personal offense
are by definition the more emotional and are less in control of their
trader reactions. So they are giving strong clues about their
history of profitability.
I have clients with poor trading systems (in terms of risk of ruin and
reward to risk ratios) but make more money than some with outstandingly
profitable techniques. The difference is in their discipline
and other trader skills.
Your preference and that of others to talk of non-psychological matters,
because you enjoy them, or your interest is high, does not change the
nature of successful trading.
So as long as emphasis is on non-psychological matters, the longer those
doing so will tend to remain in the losing camp or limit their potential
to make and keep money.
But if that is what you or others desire, who am I to complain as those
are the traders who leave profits on the table for those who us who have
focused on what matters most - getting their trading psychology
right.
But who are you to complain if others who realise the critical role of
trader psychology in successful trading want to speak about their
preferred subject matters.
I accept your right to talk about your interests. You do not seem
to grant the same rights to others. This might be seen as a
little selfish or one-sided perhaps or perhaps ego protecting?
Here is hoping you begin to realise that what you want and what you need
might or might not be the same. Only you can judge if they
are the same for you, but ego and emotions are not always a good basis
for such judgement.
Think before accepting or rejecting the ideas herein.
Uncritical acceptance can be even worse than uncritical
rejection. Hiding from psychological ideas that can save your
short is not a sign of maturity.
There many other modes of responding that provide more learning
opportunities for you and others on the list. I hope you find
the strength to exercise them.
May your potential be realised, Ric.
www.traderscalm.com
Yahoo! Groups Sponsor
ADVERTISEMENT
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
|