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Pastimes : Robin Dayne - Mastering your Emotions

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To: William W. Dwyer, Jr. who wrote (40)5/27/1999 12:13:00 AM
From: JB2  Read Replies (2) of 121
 
I know, but I can't resist one last dig:

Let's play therapist. O.K. #1 Supposed deadly sin of day traders is No discipline to keep stop loss. Which segues into this: "During my trading calls I frequently hear..."

(What does this refer to? What are her "trading calls"? I don't think she's talking derivatives...)

Anyway, moving on, we have "The Solution! Develop a list of all the reasons why it is a must for you to stick to your stop loss points. i.e. if I continue to violate my stop loss rule I will have to get a real job, and work for someone."

Here we see why this rates as sin #1. Could THIS be the flighty robin's deepest fear manifesting itself? That she does not consider daytrading a real job is beside the point. That she puts as fear #1, above all else, "getting a real job"-----now THAT is telling. Not that she fears failure, or fears losing hard-earned money, or fears losing face, or fears facing retirement without much money, but fears GETTING A REAL JOB!

As much as I love analyzing, I don't have time to analyze #2 Deadly Sin tonight. Law and Order is having a two hour special. But feel free to send me a pm and for a small fee I will gladly...
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