|
PureBytes Links
Trading Reference Links
|
Sue,
At Date: Sat, 23 Mar 2002 12:41:06 +1100, you wrote:
"From: sue crew <screwy@xxxxxxxxxxxxxx>
Subject: Re: Gold targets
Views on Gold?
Looks like it is ready for a significant break to the upside - break of
$300 to
325 very quickly
cheers
Sue"
Your speculation on the future of the gold price is worth discussing in
the following way, as it is a fairly common occurrence.
If you are right in your prediction (or appear to be so), you will feel
some satisfaction.
If you are wrong in your prediction, you will feel
disappointed.
Either way, you will perhaps get to exercise your emotions.
Meanwhile, those traders who just get on with trading gold who:
- have
an edge in their trading system,
- follow
it with discipline,
get on with the job of taking each trade indicated by their trading
system knowing each trade has an expected profit and more trades mean
more expected profits.
They neither know nor care what the price will be - for they make money
from just following their system however the price moves.
Such traders make money month after month, without need of
prediction. For they have realised:
"The future is easy to predict, getting the prediction right is the
hard part."
They are making money while you appear to be making
predictions.
Maybe your objective is to make predictions and exercise your emotions -
it sure appears to be.
I respect your individual right to gain pleasure in prediction - but do
you have a right to involve others in what appears to be a futile
enterprise which may also delay them too from making money
trading?
Is your taking of pleasure in prediction is standing in your way of more
gaining even more pleasure in trading profitably?
If I have misunderstood, I apologise.
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.
|