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To: donald sew who wrote (41778)	4/29/1998 9:18:00 AM
From: peter n matzke	Respond to of 58727

for anyone that cares, i am seeing premarket buying in the internet stocks, a couple are up over one point

To: donald sew who wrote (41778)	4/29/1998 9:21:00 AM
From: SE	Respond to of 58727

TO ALL: I present an interesting observation that I have made recently. In the past I was concerned with how much money I would make on a trade. The dollar signs were always at the forefront of my mind. Lately, due to the BK thread and this thread, I have been more concerned with "Is this the correct trade." When instead of focusing on the dollars made or more importantly, that could be made and instead focusing on the correct entry and exit points, the dollars come automatically. I did read somewhere that a trader must focus on being correct, not the money. It was likened to a Dr. or a Lawyer or Accountant. Their goal when working with a patient, or giving a closing or doing a tax return or whatever is not how much am I going to make by doing this, but instead I have to do this correctly. When they do it correctly, the money flows. Same thing for trading. The problem of course is that in trading the money is right at the forefront of our minds. It is dollars we are dealing with, not a patient or a jury or a stack of papers....it is MONEY. I think that makes the frame of mind much more difficult to achieve. However, with the indices, it is a bit easier as you don't bring the emotional baggage as you can with a stock or company. Anyway, just some early morning ramblings.... -Scott