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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (63)10/25/2000 9:01:48 AM
From: Patrick Slevin  Read Replies (1) | Respond to of 12411
 
I have feedback already, I published the results on the spoo thread and he called me to discuss them in detail.

For example, on my regressive side I do not take advice well. When I err in a trade I tend to blame myself overmuch and so on. I have a volatile approach, I see things others do not and I am impatient that they cannot. I see patterns clearly but have a problem explaining what I see, so I trade better alone than in a group.

On the positive side relying on my intuition is my best asset. Lot's more but that's the gist of it.

Next we are going to go over issues that are supposed to help me stick to the positive side and recognize when I am regressing towards the negative side.

Weird stuff. He is pulling together four of us for a two, two and a half day session. When I was asked, he asked me if I had a fourth that I wanted to invite (I was the third) but I demurred. Considered you, Scott and a few others but figured it would be an imposition of some sort. Guess that fits with the psychological profile, I like to trade alone. It involved travel so I did not want to tell him I would bring someone. This was several days ago, so I'm sure he has a fourth by now.

< the unconscious plays itself out>

His theory is that each person fits into a separate profile that can be defined. So if I know my profile, I have a better idea what I can do and not do. Remember Tom Trader? Try as I might, we never succeeded in working together as day traders. Perhaps he and I along with a couple of others now and then went over day trading for 6 months or more. He never really was comfortable with it. Or the reverse; no matter how he would describe position trading I never could. I could not see picking up a hundred spoo points (for example) just to see that get cut in half. I would look at the day trading end and refuse to stay in the trade.

It's different now, I trade different markets in different ways; been Short the C$ forever, it seems, for example.

This fellow's thrust is to recognize your trading profile and trade within yourself. Interesting. I figured it may be worth the price of a plane ticket.I never have been to a seminar that I did not learn at least one thing that made me money or kept me from losing some so why not.

I've heard of the McCall book. I know what you mean, for some people it is alike a dance, a way of staying in tune with an ocean wave. For others it is a battle. One fellow wrote a book on Zen and the art of trading, Edward Toppel or Toffel or something. I called him once at 4 or 5 in the morning EST and he was awake (in Chicagoland, an hour earlier) preparing for the day by doing yoga or something. Now to me that is strange stuff as well.

Other people read the Art of War, Victory Secrets of Attila the Hun.....

I dunno; I think this is not a bad idea. If my profile seems to indicate that I'm a Toppel sort of fellow and I'm reading the Art of War I would imagine that the book would not help me. In my case, I always think of the market as a chess game. I shall find out if that's the appropriate stance, perhaps.