[RT] Mentor: More Mental Game Than Otherwise

[Brian Keith Voiles <admagic@xxxxxxxx>]

I really love all the feedback about getting/having a
mentor.
But I should have been more specific from the outset:
I feel my challenges (and therefore my needs) are more
along the lines of my mental game.  I have certain
"support and resistance" levels in my mental game that
hinder my growth as a trader.
I would like to find someone who is an expert at assisting
others in overcoming mental roadblocks and what I call
"psychological capital drainage" factors.
For me, I have found that on any given day, after early
morning self-analysis, there's a certain amount of
emotional capital that I have to work with.  
I've found that the amount of emotional capital that I
have in my "mental account" at any given time is of more
importance than any amount of capital that's in my
trading account.
Bottom line is this: I have challenges with growing that
amount of emotional capital -- by growing through my
challenges (hopefully with the assistance of a "mental
mentor" if you will) I will be able to grow my financial
account as well.
Soooo.....
With all that in mind -- could someone recommend a
one-on-one counselor, coach, mentor, or otherwise who
you are confident can assist me in growing through
my challenges?
Thanks again to all who are so kind and generous with
their time to reply.
Warmly,
Brian Keith Voiles

At 10:31 PM 12/16/2002 -0500, you wrote:
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----- Original Message ----- 

From:
mandrews@xxxxxxxxxxx 

To: Norman Winski 

Sent: Monday, December 16, 2002 8:11 PM

Subject: Re: [RT] Seeking a Mentor to Take Me Higher

Norman,

Well said. I've always enjoyed reading your posts. The last time we spoke via e-mail, you mentioned that trading with Astrology one has to trade a particular market only if it happens to play the right tune on that specific date. If it doesn't happen to play the right tune when the date comes, then you stand aside. I realize it's not easy to make money in the market, if it were then everyone would be doing it, but how do you know a particular market has played the right tune until it's already finished it's song?

 

NW: Mat, one doesn't have to hear the entire song in order to "name that tune:" Most people can identify Beethoven's Fifth Symphony  after hearing the first four notes.  Same is true for the market.

If my analysis and forecast say to expect  A A B AA  and the market plays BB B CC  I know my forecast is not in tune with the market. If the market shows signs of matching what I expect, then there is a good chance my analysis is in tune with the market and I should consider entering the market.  

Mat

P.S. I've always felt that if one could trade the markets successfully for a living, then they wouldn't need to sell books/systems/courses/indicators, etc...

 

NW: I say, why not do both?  I trade and I enjoy meeting and helping people.  Each brings me satisfaction that only doing one wouldn't do. 


------- Forwarded Message Follows -------

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<?/color>From: <?color><?param 0000,0000,8000>"Norman Winski" <nwinski@xxxxxxxxxxxxxxx>

<?/color>Date sent: <?color><?param 0000,0000,8000>Mon, 16 Dec 2002 14:31:39 -0500

<?/color>Subject: <?color><?param 0000,0000,8000>Re: [RT] Seeking a Mentor to Take Me Higher

<?/color>Send reply to: <?color><?param 0000,0000,8000>realtraders@xxxxxxxxxxxxxxx

<?color><?param 0000,8000,0000>[ Double-click this line for list subscription options ]<?/color>

DN,

Per your question below, trigger 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 h

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. 

----- Original Message ----- 

From: XINOS@xxxxxxx 

To: nwinski@xxxxxxxxxxxxxxx 

Sent: Monday, December 16, 2002 1:35 PM

Subject: Re: [RT] Seeking a Mentor to Take Me Higher


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 u sing 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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