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

To: Rande Is who wrote (29507)	7/13/2000 8:24:19 AM
From: manny t	Respond to of 57584

IBM, WorldWide Retail Exchange selects E-Business alliance of IBM,I2 and Ariba as technology providers. IBM Deskstar disk drives offer 100 Megabytes for ATA & IDE interface applications. BusinessWire . Manny T.

To: Rande Is who wrote (29507)	7/13/2000 8:50:09 AM
From: Rande Is	Respond to of 57584

08:40 ET CIENA Corp (CIEN) 161 3/8: PaineWebber reiterates BUY rating and price target of $175; says volatility in stock yesterday likely due to CFRA (Center for Financial Research and Analysis) report, which aims to point out accounting irregularities; no new information contained on CFRA report, which was recap of Q2 earnings.

To: Rande Is who wrote (29507)	7/13/2000 6:17:10 PM
From: The Flying Crane	Read Replies (4) \| Respond to of 57584

Rande Is, My point is that once you master your emotions, all decisions that relate to your "financial need, taxes need, margin call, complacency or laziness, addiction, boredom, trading strategy, blind sheep symptom, and loading up the bottom" will fall within an acceptable level where they shouldn't affect your trading results in a severe negative way. How did one get a margin call to begin with? Too much leverage? Why? Too greedy? For those who loaded up near the bottom and found out later the company is under investigation... well, that is the risk of buying a company whose price had trended down to the bottom. If you have your greed in check, you wouldn't buy too much to begin with. So, your loss will be acceptable and is part of the expense of trading. Complacency or laziness, which is also responsible for the "blind sheep symptom", falls into the area of discipline. And discipline is really the glue that brings everything together for successful trading. It is the glue that holds our emotions in check. It is the glue that make sure we don't allocate too much of our needy money to the trading account. It is the antidote to complacency, laziness, or boredom. Rande Is, we are really saying the same thing but in a different manner. From my personal experience, it took me many years to finally get it. I don't know how long it took you to become the good trader/investor that you are; but I bet it would be a very interesting story which I hope you will include in your future book. I have deep respect for you and the traders/investors who posted in this thread. Many of them share their experience like you're looking into their window. Good trades and bad trades, you see them all. This is truly a great thread to watch traders/investors in action. But I bet these good traders/investors here have to struggle a period of time to be where they are now. Some probably don't even take that long of a struggling to be successful. My 2 cents contribution is simply to say that, from my experience, there is no substitute for hard work. A commitment to discipline which help to control your emotions (mainly fear and greed) will carry you to the path of successful trading/investing quicker. Wake up call is good; but it's going to take a lot of wake up calls before one is finally able to transform the experience into a disciplined KISS trading strategy for successful trading/investing. Btw, I want to thank all the traders/investors for sharing their trading ideas and thought in this thread. I have benefit greatly from it as well. Rande Is, thanks for the response. Good trading to all.