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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?


To: Joe Smith who wrote (20419)2/13/2000 9:20:00 PM
From: bobkansas  Read Replies (2) | Respond to of 57584
 
Very good point about not making decisions when one's self esteem is poor. James Dines' book on stock market psychology called "How investors can make money using mass psychology" contains excellent observations on our state of mind being critical in our seeing what is happening in the marketplace. He talks about low states and high states of being. His observations ring with the truth.

I must say the RANDE IS provides a good example for us all to follow. His state of mind is one of gratitude and acceptance of what is, followed by developing an approach or method to reach the goal or place he wants to be.

I remember my father's difficulty with drinking and his death 21 years ago. I wish he could have been exposed to AA. Slogans such as: Live and learn, easy does it, one day at a time, etc. These mental health concepts appear to me to apply to trading and investing about as much as they do to life in general. Sorry, this sounds like a 12 step thread (as if there is such a thing).

I think that low states of being such as resentment, worry, and unreasonable fear probably result in poor trading and investing habits.

So, I have a lot to learn.

Best regards to all!

Bob