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Strategies & Market Trends : Trading For A Living -- Ignore unavailable to you. Want to Upgrade?

To: Daniel Miller who wrote (405)	6/9/1998 10:00:00 PM
From: R Stevens	Read Replies (2) \| Respond to of 1729

Daniel, Already trading at age 14, not bad. I would say the three most important activities to pursue are practise, instruction and goal setting. This is true whether you are learning to play piano or become a good scuba diver. Sounds like you are already practicing. Instruction comes from reading, listening, and practising. Check out the book "Market Wizards", listed on the last resources page(mess#388). It is my personal favorite. Real life stories of great traders. My favorite chapter is on a trader named Ed Seykota. He lives in Tahoe and never looks at a quote machine all day...incredible. Seykota also mentions writing out your goals and visualizing them. That reminds me of something I read about Jim Carrey: "I've always believed in magic," Carrey continued, "When I wasn't doing anything in this town(Los Angeles), I'd go up every night, sit on Mulholland Drive, look out at the city, stretch out my arms and say, 'Everybody wants to work with me. I'm a really good actor. I have all kinds of great movie offers.' I'd just repeat these things over and over, literally convincing myself that I had a couple of movies lined up. I'd drive down that hill, ready to take the world on, going, 'Movie offers are out there for me. I just don't hear them yet'." And Scott Adams the creator of Dilbert says he achieved his goals by writing them down 15 times every day. First he wrote about a date with a girl, then a good score on the GMAT test. "Soon he was writing 'I will become a syndicated cartoonist' 15 times a day while working in a cubicle for Pacific Bell. He fashioned the 'Dilbert-esque' doodles he had been working on into a slick package and sent it to syndicators. Amid the rejections came one acceptance: United Media, home of his idol Charles Schultz, creator of Charlie Brown & Snoopy. As the strip gained popularity, Adam's affirmations became bolder. Eventually he was writing 'I will be the best cartoonist on the planet.' So what is multimillionaire Scott Adams writing on a piece of paper 15 times a day now? 'I will win a Pulitzer Prize'." Those three things should keep you busy... ;) RS