Re: [RT] Mentor: More Mental Game Than Otherwise

["Bob Heisler" <BHEISLER@xxxxxxxxx>]

There are a number of factors which are 
linked together that play a part in the process you described.  In my view 
the most important is having complete confidence in the methodology you are 
trying to execute because any doubts in this area will undermine any 
progress in the execution area.
 
If your methodology is fundamentally sound then 
it should work on any market in any timeframe which brings up a 
suggestion.  I noticed in your first message that you only mentioned 
trading the S&P/ES.  In my experience nothing drains your emotional 
capital more than trading this market, and the smaller the timeframe you use the 
more difficult and draining it becomes.  I had this problem awhile back so 
I began trading other markets and it was one of the best decisions I ever 
made.  Now instead of trading the ES almost exclusively I only look to 
trade that thing at certain times and under certain conditions (like Norman 
described in his sailing analogy), and that has produced nothing but 
positives.
 
We're all different and what works for me may not 
work for you, but it's something to consider.
 
Bob
 
<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: 
  Brian Keith 
  Voiles 
  To: <A title=realtraders@xxxxxxxxxxxxxxx 
  href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx 
  
  Sent: Tuesday, December 17, 2002 11:37 
  AM
  Subject: [RT] Mentor: More Mental Game 
  Than Otherwise
  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 morealong 
  the lines of my mental game.  I have certain"support and resistance" 
  levels in my mental game thathinder my growth as a trader.I would 
  like to find someone who is an expert at assistingothers in overcoming 
  mental roadblocks and what I call"psychological capital drainage" 
  factors.For me, I have found that on any given day, after 
  earlymorning self-analysis, there's a certain amount ofemotional 
  capital that I have to work with.  I've found that the amount of 
  emotional capital that Ihave in my "mental account" at any given time is 
  of moreimportance than any amount of capital that's in mytrading 
  account.Bottom line is this: I have challenges with growing 
  thatamount of emotional capital -- by growing through mychallenges 
  (hopefully with the assistance of a "mentalmentor" if you will) I will be 
  able to grow my financialaccount as well.Soooo.....With 
  all that in mind -- could someone recommend aone-on-one counselor, coach, 
  mentor, or otherwise whoyou are confident can assist me in growing 
  throughmy challenges?Thanks again to all who are so kind and 
  generous withtheir time to reply.Warmly,Brian Keith 
  VoilesAt 10:31 PM 12/16/2002 -0500, you wrote:
  <?color><?param 
    0100,0100,0100>  
    
      ----- Original Message ----- 
      From: <A 
      href="mailto:mandrews@xxxxxxxxxxx";>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 -------
      <?/color>To: <?color><?param 
      0000,0000,8000><realtraders@xxxxxxxxxxxxxxx>
      <?/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<FONT 
      face="Courier New, Courier" size=3><FONT 
    color=#003399 size=2>Yahoo! Groups Sponsor 
    ADVERTISEMENT<A 
    href="http://rd.yahoo.com/M=219695.2596658.3969980.1927555/D=egroupweb/S=1705001779:HM/A=1370660/R=2/id=noscript/*http://www.ameritrade.com/offer.cgi?adc=fez&page=/";><IMG 
    width=300> <IMG height=1 alt=7178a78.jpg 
    width=1>To unsubscribe from this group, send an email 
    to:realtraders-unsubscribe@xxxxxxxxxxxxxxx<FONT 
    size=3>Your use of Yahoo! Groups is subject to the <A 
    href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of 
    Service. To 
  unsubscribe from this group, send an email 
  to:realtraders-unsubscribe@xxxxxxxxxxxxxxxYour 
  use of Yahoo! Groups is subject to the <A 
  href="http://docs.yahoo.com/info/terms/";>Yahoo! Terms of Service. 







Yahoo! Groups Sponsor


ADVERTISEMENT



<img
src="http://us.a1.yimg.com/us.yimg.com/a/am/ameritrade/120402_am_ban_off_x82_x_300x250_6.gif"; width=300 height=250 border=0>












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.

Attachment: Description: ""

Attachment: Description: ""

Attachment: Description: ""