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Gold/Mining/Energy : Day trading in Canada -- Ignore unavailable to you. Want to Upgrade?


To: HiStakes who wrote (695)10/6/1998 8:38:00 PM
From: keith massey  Read Replies (3) | Respond to of 4467
 
I've tried everything else to improve my trading - I guess I never considered a sex change now. However, if it's going to improve my day trading - point me to the operating room :)

Best Regards
KEITH



To: HiStakes who wrote (695)10/6/1998 8:52:00 PM
From: the Chief  Respond to of 4467
 
See I told you guys excerps already!!<ggg>
I know, I know, get over it. Besides, I'm not good enough at this point to keep my head focused in two directions.

Excellent point! Most people feel they can go "both ways" without difficulty...some can....most can't! It is better to master one before attempting the other, rather than attempt them both and fail...I should have started that with Confusious say:!!

the Chief



To: HiStakes who wrote (695)10/6/1998 10:14:00 PM
From: Ward Nicholson  Read Replies (2) | Respond to of 4467
 
HiStakes:

I'd love to short stocks but it seems to go against my nature.
(Betting that someone is going to lose, makes me very jittery.)
I know, I know, get over it. Besides, I'm not good enough at
this point to keep my head focused in two directions.


I'm sure most hone their skills to one side or the other, but
I've found an exponential increase in my judgement of a stock's
behaviour by being able to look at taking a position from both
a Bull's stance and a Bear's stance. My background is in
psychotherapy, so let me take a bit of liberty here...
I can appreciate full well how easy it can be for steadfast Bulls
to convince themselves that a stock is a buy and for
steadfast Bears to convince themselves that a stock is a
short. By being able to take both perspectives, I think a trader
decreases the risk that his or her bias will interfere with the
decision-making process. If I remember correctly, Elder talked
about this quite a bit (don't have the book handy at the moment).

In regards to women being better traders, let me hazard to guess
that it is because women tend to be more "psychologically-minded"
than men. I'm using this phrase in a very strict sense though.
To boil it down, I mean to say that women tend to be more apt at
knowing when emotion is clouding their judgement. That is not
to say that men cannot do the same...just that men seem to be
socialized not to do the same.

...just some thoughts.

WN