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

To: Moving Sphere who wrote (359)	1/25/2001 9:51:06 PM
From: Dominick	Read Replies (1) \| Respond to of 867

Moving Sphere: Without a doubt, training the ego and developing the correct physical stimuli/response along with an efficient neurological synapse path,(gggg), is extremely hard to do. But I guess that's what separates the wannabees from the willbees. Successful training requires a deep passion or emotional pain to provide the necessary motivation, a sense of urgency if you will. A true example: In 1999 I did extremely well buying break-outs when all my parameters were met. In Y2K I did extremely poor. My break-out strategy failed me every time and I couldn't figure out why. Stocks would rise a little, reverse, then hit my stop but wait, it looks like it's coming back, well you know the rest, hesitation, indecision etc, etc. . I reached max emotional pain and was determined to solve this or die! So I called a meeting. Time: Midnight to 4:00 a.m. This time period and a glass of wine is when my concentration is the most focused. Serious pondering and decisions are made in this time slot. Meeting participants: Me, Myself and I. We went over the break-out strategy and we hammered it out until all three were on the same page and agreed when this happens we'll do that, and when that happens we'll do this until we covered every conceivable situation regarding break-outs. Now I'm having success again with the break-out strategy. Because Me, Myself and I know exactly what to do in each situation. Not one of us now hesitates or is undecided. We pull the trigger, pro or con. As long as Me, Myself and I know what to do and are on the same page there will be no emotional conflicts. Happy Trading, Dominick