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Strategies & Market Trends : Trade What You See, Not What You Think -- Ignore unavailable to you. Want to Upgrade?

To: Threei who wrote (42)	10/15/2000 7:29:42 PM
From: booters	Respond to of 867

your stop is not exact level but rather signal generated by your system, indicating that the reason for the trade is not longer valid? Yes, that is true and I like the way you put it, "Trade is no longer valid". I think discipline for me comes from studying the history of my set ups. If I have an idea for a set up I will go back over a year or so of charts ( and I watch 1min charts so this is a lot) and manually watch the set up work and what leads up to it. I test myself to see what I thought would happen and then what actually happened relative to the set up. By doing this I am not easily scared away from or out of a trade because I have a better understanding of what is happening and how my set up may work. As I think you have said, pain and profit many times go together. Many of my most profitable trades started by pushing the button during what appeared to be a suicide trade. Thanks for the response, I think the thread is going to be great and very helpful. boots