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Strategies & Market Trends : TA Science Projects & Experimental Indicators

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To: ftth who wrote (59)	2/2/1998 10:47:00 PM
From: ftth	of 237

[TA QUOTE OF THE DAY]: "View your effectiveness not from the point of view of whether any given trade worked out, but rather on how well you handled the process. Did you follow good trading principles? Did you take the trade at the optimal time? Did you get out in a timely fashion? Did you trade an appropriate size? Did you follow your methodology? This is where you can allow yourself to judge whether you were right or wrong. Fear of loss is another factor that inhibits timely trading action. This fear can be exaggerated by memories of painful experiences of trading loss. Just as it is not possible to always be right, it is not possible to always have a profit. Having some loss is the simple cost of doing business. To trade effectively, you have to expect and accept loss unequivocally. Allow yourself to get comfortable with loss - just let yourself fall into the thing you used to fear. Don't judge your trading by a single trade. Look, rather, at a trail of trades. This will enable you to become indifferent as to whether any single trade is a profit or a loss and to be optimistic about trading, indifferent in the present and optimistic about the future. --Ruth Roosevelt

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