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

To: underdog430 who wrote (538)	5/7/2001 9:54:57 PM
From: DismalScientist	Respond to of 867

I recently finished Douglas's book. I think many of the points he raises apply to many aspects of life in addition to trading. I also saw in the book all the trading mistakes I make. Bad habits are hard to break. Even though as I make these mistakes, I know I am making them, I cant seem to control this behavior. Something about old dogs and new tricks. I made at least three of these mistakes on one trade today. I chased a revenge trade short in CIEN and then doubled up when it went against me. I guess identifying the problem is the first step.

To: underdog430 who wrote (538)	5/7/2001 10:28:49 PM
From: chris-	Respond to of 867

underdog...great question and here's my answer: Vadym came up with what we call trading mantras. These mantras can be found in our trading course and they help us to bring us back to center and focus after mistakes are made or a negatively charged day brings in some frustration. By repeating these mantras and redifining a few new ones, it's a concious effort to redefine trading behavior based on current beliefs and beliefs you need to change. I know this is a little "Stuart Smalley"ish (Saturday Night Live reference for self affirmation), but it really does help to define the problem you have and then to alleviate this current belief with the correct one. Eventually, it just becomes second nature to not "double up on bad position, chase the trade", etc. While we have many more mantras in the course, here is one below as example to help you get started.. All the best, Chris 4. Recovery after losing streak or heavy loss I am starting fresh. I know what to do to win. I am doing the right things right now, not trying to get back my money. I will only switch to the right things to do. I am not taking revenge - there is no one to fight with. I am taking it slowly until I get a good feeling of power to win. I am not complaining about my loss. I paid money for the lesson. Now I am applying new knowledge to my trading. I am taking only trades that match to my set of rules. There is no memory of money lost - my trading account is not money, it's a tool for making money. I am re-building my confidence with many small wins - they let me feel the taste of winning. I don't let events to control me. I am in control of myself. I am going to remember the feeling of every win.

To: underdog430 who wrote (538)	5/7/2001 10:34:30 PM
From: Threei	Respond to of 867

Mark, I really think this book is one of the best (if not the best) ever written on the subject. You can safely assume that each successful trader ahcieved the success by changing his behavior. We have no foes in the trading other than ourselves. You ask very good question: HOW to make those changes? Well, first step is to realize what should be changed, define where you are vs where you want to be. Next step is actually ingrain correct behavior and habits in yourself. This is something that could not be done by any single simple recipe. Meditation with certain formulas is good method. We have 'Trading mantras" in our course that in fact are those formulas for repetition. Yoga is great, martial art experience is very helpful... all these things deal with this very matter: changing of yourself. I know, all this does not sound simple or doable in one step... but it's just not something that could be done quick and easy, I am sure you know it. Anyway, let's continue discussion. Vadym

To: underdog430 who wrote (538)	5/7/2001 11:16:36 PM
From: rocklobster	Read Replies (2) \| Respond to of 867

Don't you mean trading in the zone by Kiev? I just went out looking for the book and found "trading in the zone" but it is by Kiev not Douglas. I am reading it right now. rok