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

To: TheSlowLane who wrote (34386)	12/10/2003 7:01:09 PM
From: TrueScouse	Read Replies (1) \| Respond to of 36161

Paul: I liked the "deer in the headlights" analogy! Been there, done that... :^) But you also mentioned Jesse Livermore, and I too have tried to follow his basic principles for a long time. Days like today are hard, but they're inevitable if you follow a long-term trend following approach. When I check my PF, it shows I'm down about 4.5% today, and 6% on the week so far. But each of the previous 4 weeks showed a gain of 4 to 5% -- so I'm still better off than I was a couple of weeks ago! So why am I not happy!?! <vbg> Livermore also used to say that you have to learn to love your losses, because if you're being systematic, every time you have a loser you're closer to the next big winner. So enjoy your glass of wine and drink a toast to today's losses! Tomorrow is another day... :^) Cheers, Howy