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Strategies & Market Trends : Trade What You See, Not What You Think
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To: underdog430 who wrote (549)5/8/2001 7:42:15 PM
From: aldrums  Read Replies (2) of 867
 
Mark,

In your first post on this subject you said,

"I've found it to be difficult at best to actually make the required changes discussed in his book."

Then you say, "If I could trade mechanically, as the exercise requires, then I wouldn't have needed the book in the first place.

I'm sure you realize the book provides a mechanical exercise with the express purpose of helping you make these psychological changes, not to learn how to trade mechanically. I think you might not completely agree with the beliefs expressed in this book and this is why you feel this exercise would not help you. I would re-read the book, personally it took me two readings before I fully understood it, and slowly I started integrating Mark's teachings as my own core beliefs. Then I did the exercise, although with only 10 trades. I ended up losing a whopping $3.30. This was much better than I had been doing (losing) when I was actually trying. If you truly accept the exercise before you do it, you will trade it unemotionally. Once you release yourself from these emotions you will realize there really is a random distribution of winners and losers for any trading setup that defines an edge. You will learn to cut your losses short and let your profits run.
I hope this helps answer your original question.

Great prosperity,

Alex
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