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Strategies & Market Trends : DAYTRADING Fundamentals -- Ignore unavailable to you. Want to Upgrade?

To: Eric P who wrote (2009)	7/21/1999 10:07:00 PM
From: ig	Respond to of 18137

The Gardener and the Hunter Two really fine posts by Kelster and Eric. Keepers! Thank you!! ig

To: Eric P who wrote (2009)	7/22/1999 12:25:00 AM
From: ynot	Respond to of 18137

excellent post, thank you i recently fell into the trap, despite being diciplined in the past six months of trading stocks where i either knew the company, market, dd and ta...and important, rhythm the stock took excellent profits on run up of a stock that had been down for a year and dumped it into a 'sure' thing, wrong patience is one simple way to describe it making sure that you have the odds in your favour the way MM's or Casino does is another way i've heard it described for me it was a wash, i was very lucky better lucky than smart in this case good luck ynot ;)

To: Eric P who wrote (2009)	7/22/1999 6:16:00 AM
From: Rose McHale	Respond to of 18137

Lack of patience (caused by boredom) was key to my unsuccessful trading at the start. Fortunately, I am a quick learner. But there are many times during the day when I must refer to a post it note placed on the bottom of my screen by my husband "Plan your work! Work your plan! Set your target, sell." I have heard him say it over and over again for 20 years regarding business. He is right. Rose

To: Eric P who wrote (2009)	7/22/1999 10:31:00 AM
From: marketbrief.com	Read Replies (1) \| Respond to of 18137

I agree that patience is the key for two reasons: you have to WAIT for the set-up, and once in position, you have to WAIT as it goes in your direction to reap a large profit... impatience results in impulsive trading (no set-up) and cutting your profits short. ~Smart$

To: Eric P who wrote (2009)	7/22/1999 12:27:00 PM
From: David Lind	Read Replies (2) \| Respond to of 18137

Good job on the single best post on this entire thread, in my opinion. After the mechanicals are in place, and you have your software and systems all set, nothing will come to success without patience. My only losing days are a direct result of wanting (not needing) to put the handle just a few more times. But it is so difficult, isn't it? We all just itch to get in there and kick butt, because that's what we've been trained to do all our lives. (Action, action, action!) But the truth is, one, two or three good trades a day is all anyone needs to succeed wildly.