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DN,
Per your question below, t<FONT
face=Arial size=2>rigger shyness can be fixed with practice. First start with
paper trading your system exactly to the rules, assuming you have rules or a
system. Hopefully, after seeing your system successfully work
on paper for at least six months, you may decide you are ready to trade real
money. Now trade the same system using such a minimal
amount of money that if all went wrong, it wouldn't phase
you. You should grade your performance
as much by how well you followed your rules as you judge the
system. Making money on a trade where you didn't follow the rules is a
bad trade. Losing money while following the rules is a good trade. If
your system works and you follow it, you will make money in the long
run. If you had trouble following your rules, you either need a
different system or consider changing to a non financial venture
such as Parchesi where you won't hurt yourself . Assuming
all goes well, after trading your "white belt" money for six months,
if you feel comfortable and it has been profitable, you could
increase your trading size by maybe 20%. Continue this process until
you reach a balance between feeling no stress via UNDER trading your
capital and having the potential to make the
level of profits you would like to achieve. If you get to
a level where you aren't comfortable, cut back, per the old Wall Street axiom to
sell down to your sleeping point.
Next patient! <G>
Regards,
Dr. Norm
Your Trading Doc
P.S. I sense with all the books and software you
have, you may be suffering from
analysis paralysis. The answer of course is
to simplify!! Get a simple system written
down on paper that you can follow like a robot. You
should not be making any decisions
during market hours. All strategies should be
determined in advance. Just follow what you
have laid out in advance just as you were a
robot. No thinking allowed.
<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:
XINOS@xxxxxxx
To: <A title=nwinski@xxxxxxxxxxxxxxx
href="mailto:nwinski@xxxxxxxxxxxxxxx";>nwinski@xxxxxxxxxxxxxxx
Sent: Monday, December 16, 2002 1:35
PM
Subject: Re: [RT] Seeking a Mentor to
Take Me Higher
<FONT
lang=0 face=Arial color=#008080 size=2
FAMILY="SANSSERIF">Norm, Great
advice to Brian. Can you recommend any
books/gurus/courses on EOD trading in the Stock
Market? I have accumulated about
$5,000 worth of books and about $10,000 worth of software ((now using AIQ
mostly) Advanced Get occasionally).
I'm a reluctant
"trigger-puller." I've been a "student" for about six years.Any
advice will be greatly
appreciated.
Dan Nicholas; San
Diego
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