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Non-Tech : Auric Goldfinger's Short List -- Ignore unavailable to you. Want to Upgrade?

To: DWCraig who wrote (5866)	8/21/2000 4:33:48 PM
From: AugustWest	Respond to of 19428

Do you think trading decisions (long or short) are helped or hindered by one's emotions? Emotions sit On the fiction shelf, under the life proof dust We eat, we sleep Trades are there too But not love, emotions sit.

To: DWCraig who wrote (5866)	8/21/2000 4:59:30 PM
From: RockyBalboa	Read Replies (2) \| Respond to of 19428

Do you think trading decisions (long or short) are helped or hindered by one's emotions? Actually, several years ago when there was something to trade in European currencies (now we have the Euro) I got to know some prop traders (not guys who shift back and forth a few CSCO or WSTL or Red hat, but managed the proprietary book of a greater banking corp). One of the guys being around 50year old (and 250lbs heavy) FX trader for a lifetime told me that he don't care about trading systems he meets his trading decisions out of the stomach...and he was rumoured to be one of the best performing traders on the bankplace. Another one his troop refused to discuss the Euro, but he felt in his "urine" that the Euro my hit 0.90cts (which it did some weeks after), and prevented me from hedging my dollar position. The call was good for 7 cents or around 8% which is still an avalance measured in a pure FX position. But there are some younger traders who tend to turn off their emotions... as they are relatively unseasoned and argue that emotions blur their otherwise brilliand minds... But you can try it in aftermarkets...right now: Nvidia first trades 80 making a good short... only a couple of minutes later it is offered at 76 bouncing from there... in that case I believe any opinion is made on pure "stomach"...there is nothing to think about in the very short term.... ...and in the very long term we are all dead. A last word on CSCO: The continued choppiness in CSCO (look at a monthly log chart) could actually imply a long term change of direction. But currently I have no opinion and finally it is really a question about sustained growth or not. Something which is even harder to guess than some TA behaviour. Usually CSCO is hard to rock... see CSCOs Oct 1998 behaviour, so it takes an earthquake to move it down...