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Non-Tech : The Critical Investing Workshop
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To: Voltaire who wrote (21264)6/3/2000 11:04:00 PM
From: Jill  Read Replies (1) of 35685
 
Volty,

I'm reading the book lurqer recommended, "Trading for A Living," by Alexander Elder. Here's an excerpt,

"The majority of traders spend most of their time looking for good trades. Once they enter a trade, they lose control and either squirm from pain or grin from pleasure. They ride an emotional roller coaster and mis the essential element of winning--the management of their emotions. Their inability to manage themselves leads to poor money management of their accounts.

If your mind is not in gear with th emarkets, or if you ignore changes in mass psychology of crowds, then you have no chance of making money trading. All winning professionals know the enormous importance of psychology in trading. All losing amateurs ignore it."

What do you think?
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