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To: Tom Trader who wrote (31881)	12/23/1997 8:15:00 PM
From: Patrick Slevin	Respond to of 58727

The original reason I stopped some months ago (for the most part) was because some misconstrued or entered late or did not exit when they should have. One amazingly potential blunder....I won't mention who - he has become a little more knowledgeable, anyway and I sometimes e-mail him when I am very confident...happened to an otherwise well respected poster on another thread. Just before last Spring's market debacle I was fortunate enough to present a good case for a significant downturn. Without asking me specifically what I was doing, he shorted a fair amount of ITM OEX puts. Bad karma. He was lucky, only lost about $12K before I found out and I think my post went something like "GET THE **'* DESK ON THE PHONE AND GET THE HELL OUT, NOW!!!" True fact. That, and similar though (hopefully) less expensive forays by people who presumed I was usually correct convinced me to be less open about what I was trading. This particular piece this morning just shed a different light on it. I'm always trying to pick up information and learning about the art/science of trading with respect to psychology is part of that. Just to fill out the list, and without going into detail, the other 4 factors mentioned were; 1-When the trade is over learn from it and move on....etc. etc. 2-Do not let yourself succumb to the "deer in the headlights" syndrome...etc. etc. 3-Have confidence in your own abilities....etc. etc. (Very important) 4-Don't confuse "paper trading" with your account's bottom line...etc. etc. As I tried to clear up in my response to kiwi...it's a philosophy. Not everyone's philosophy...it helps some, it's unnecessary for others.