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

To: Dotty who wrote (2725)	8/13/1999 2:46:00 PM
From: Hands Off	Read Replies (3) \| Respond to of 18137

Hi, Dotty, I lurk here every day and just wanted you to know that I believe I am in the same situation as you: the last 3 years I have been lucky in the market and am now trying trading to trade full time since 6/22. Firstly, i wanted to belatedly thank TraderAlan and Mark S. from Trend Trader in Scottsdale who put on full day demo of day trading at the end of June. I have been wanting to say that for a long time but have been somewhat depressed and disappointed with my trading and just never had the energy to post. Dotty, I am struggling with all the trading phobias that you bring up. But mostly I am struggling with myself as I desperately try not to day trade and yet can't really define what kind of position/swing trader I want to be. I know I have to answer that question first but one day I want to jump on JNPR and ride it for 10 and be totally out of the market at the close and the next day I want to buy the semi's and have a 10 bagger in 1 year. But that is me. You can't be consistent at those extremes. Also, as a 20 year technical professional in the field of data processing all my experience and gut tells me to back test, systematize, organize and control through repeatable processes (TA,FA, etc.) as possible. And yet, I am most interested and happy using my instinct. So my past training tells me to ignore my instinct and my instinct tells me to follow my instinct. That is an issue but at least I understand that money management is key here. I don't know about you but as I look back at this last month and half I feel so frustrated at being held hostage to the PPI, CPI, Alan Greenspan, FOMC, Humphrey Hawkins, whether the Bejing is mad at Taiwin, what is happening in Brazil, the weather and the price of grain and oil, etc. It just seems like every day CNBC has got another breaking announcement that effects me. And yet I know that you can't really be comfortable and win at this business until you can look at every day and confront every gyration in the world and have the self confidence to win with it. The best example for me is the game of American handball or tennis if you want or squash, etc. When you start off you favor your week side - for me the left side. And when my opponent serves I pray that he won't serve to my left side because I know I can't handle it - just like I can't handle my stocks going down. And then, magically, given enough time and practice your weak side improves and you say to your opponet "serve anywhere you want, I can handle it". That is the feeling I want to get to in stock trading. I want to say to the world "I don't care what you do I will deal with it." Anyhow, Dotty, this has been my personal thing and I really wanted to wish you the best and thank all the contributors to this thread. Luck Marshall