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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 (549)	5/8/2001 3:26:58 PM
From: Brandon	Read Replies (1) \| Respond to of 867

You are trading too big then most likely and cant accept the risk...adjust your size down. Brandon

To: underdog430 who wrote (549)	5/8/2001 3:37:50 PM
From: The Flying Crane	Read Replies (1) \| Respond to of 867

Mark, >>"especially when it comes to accepting losses early (keeping stops)."<< Here is a post I wrote awhile ago that might help... Message 14130001 Good luck, FC

To: underdog430 who wrote (549)	5/8/2001 3:39:41 PM
From: Threei	Read Replies (1) \| Respond to of 867

Mark, regarding stops my strong belief is: it's about the very approach to stop, about what it is for you. If you look at it as a loss, you won't be able to keep them. If you perceive stop as cutting of the loss, it's another matter. Let me refer to old post on stops that for me exhausts the matter: Message 14643468 Best regards, Vadym

To: underdog430 who wrote (549)	5/8/2001 7:42:15 PM
From: aldrums	Read Replies (2) \| Respond to of 867

Mark, In your first post on this subject you said, "I've found it to be difficult at best to actually make the required changes discussed in his book." Then you say, "If I could trade mechanically, as the exercise requires, then I wouldn't have needed the book in the first place. I'm sure you realize the book provides a mechanical exercise with the express purpose of helping you make these psychological changes, not to learn how to trade mechanically. I think you might not completely agree with the beliefs expressed in this book and this is why you feel this exercise would not help you. I would re-read the book, personally it took me two readings before I fully understood it, and slowly I started integrating Mark's teachings as my own core beliefs. Then I did the exercise, although with only 10 trades. I ended up losing a whopping $3.30. This was much better than I had been doing (losing) when I was actually trying. If you truly accept the exercise before you do it, you will trade it unemotionally. Once you release yourself from these emotions you will realize there really is a random distribution of winners and losers for any trading setup that defines an edge. You will learn to cut your losses short and let your profits run. I hope this helps answer your original question. Great prosperity, Alex