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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (22402)	3/22/2000 8:32:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

Hello Chris and all! Good to see you here again, Chris. I hope your job is working out for you and proving to be both financially successful and interesting for you. I have been busy trading the SPOOs for the past few months. Still working through my learning curve, which has turned out to be one of the most challenging work I have even done in my life. I thought success would be found by finding setups to play and learn how to trade them for profit over a series of trades, like I did with my positional trades. This turns out to be the small part of the problem. The bigger part to day trading, which is a type of trading that is new to me, is the trader psychology aspect to it. Like understanding why I did what I did and learn how to improve my focus and discapline. Watching those price wiggles can definitely have its psychological impact on a trader and make perspective difficult to retain, particularly when events happen quickly with sometimes 15 second notice, and trades are only normally only several minutes in duration. This can cause overtrading, and the trading of setups that on second glance are not good to trade for the way the market is currently trading. Also I am working on in becoming more aware of how the market is trading very early in the day for me to select the setups that has the greatest chance in paying off. And then to change my trading with the market as it changes. I found out this essential skill is not as easy as it sounds. However, I have learned quite allot, stuff that can fill up books. Now lets see if with this new knowledge I can provide myself with consistent financial rewards. That is what is important to me in order to live off of this as a job. But the real motivation is that I find trading the SPOOs to be very fascinating and challenging, and just when I have figure things out, it changes on me. :-) Bob Graham