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SORRY!... this was supposed to be a private
message.
At 08:43 PM 1/14/2003 -0700, you wrote:
Hi Bob,
Back in December you wrote:
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.
What are the "other markets" you're referring to?
Would you mind sharing that with me?
Thank you very much.
Warmly,
Brian
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
----- Original Message -----
From: Brian Keith Voiles
To:
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 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:
<?color><?param 0100,0100,0100>
----- 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 -------
<?/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
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