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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: gold$10k who wrote (6304)	1/11/2002 12:07:47 AM
From: isopatch	Respond to of 36161

vt. That's interesting. Don't often get a chance to kick around some approaches that can trick counterproductive emotions, inhibitions, or even lack of self confidence out of the trading equation. But some occasional introspection, let's say keeping one eye on the emotional instrument panel can be as important any other kind of due diligence. Am sure you've also known people who do outstanding research and are very intelligent, but can't get a handle on the "inner game". As a result the implimentation of their trading plan is so erratic and inconsistent that their results are poor. Each of us is a little different, and therefore so are the fixes that work for each of us. Don't think I've never seen a successful trader who didn't conquer his inner demons first. We were good friends. But my old mentor (a self made multi-millionaire in the market) could be arrogant, cocky and overbearing.<g> OTOH, when he approached the market, did his DD, planned and executed his trades? It was amazing. The ego simply vanished. He was cool headed and exceptionally perceptive. Learned as much about effective trading from him in less than a year as a broker with a top WS firm for 6 years. Been awhile since I've had as much fun in the markets as the past 6 weeks. What you were saying about winning streaks and not getting giddy about them is important. My best years have always been dominated by a few mega runs where almost everything worked. But being vigilant because you know the trees won't grow to the sky was critical to holding onto those profits. Can see we're on the same page there too. Best, Isopatch