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Strategies & Market Trends : Systems, Strategies and Resources for Trading Futures -- Ignore unavailable to you. Want to Upgrade?

To: SE who wrote (13534)	1/24/1999 5:12:00 PM
From: Patrick Slevin	Read Replies (1) \| Respond to of 44573

I read that from Walt a day or two ago. Is he posting to the Omega List now? ~~~~~~~~~~~~~~~~ Only his preface was different. It started like this.... Trading GEN: The "Downs Doctrine" 11 part matrix for a Trader's probability of Success Date: Sat, 23 Jan 1999 13:32:44 -0500 From: Walt Downs <.....@......> To: realtraders@listserver.com Hi all, Regarding some of the recent posts on right and left brain thinking, some may find this of interest. :) Here's an article which sites eleven observations and conclusions. It is designed to be used as a matrix, and often seems to do a good job in predicting probability of a trader's success. Walt Downs CIS Trading Cos. Aiming for the Right Target in Trading By Walter T. Downs When trading goes right, it can be a great feeling. When trading goes wrong it can be a nightmare. Fortunes are made in a matter of weeks and lost in a matter of minutes. This pattern repeats itself as each new generation of traders hit the market. They hurl themselves out of the night like insane insects against some sort of karmic bug-light; all thought and all existence extinguished in one final cosmic "zzzzzzt". Obviously, for a trader to be successful he must acknowledge this pattern and then break it. This can be accomplished by asking the right questions and finding the correct answers by rational observation and logical conclusion. This article will attempt to address one question: "What is the difference between a winning trader and a losing trader?" ~~~~~~~~~~~~~~~~~~~~~~~~~~ Where is he posting this stuff now? He has pretty good thoughts, I just never saw his posts anywhere except on an e-mail list and TASC. _________________________ Editing a few things, his next response to that topic was as follows..... ~~~~~~~~~~~~~~~~~~~~~~~~~~ Thanks for the review. :) True, this is something that can be found in 100 different trading books. Just not all in one place. Time = money. How long did it take you to get all these observations from other sources? How long did it take you to read this article? This was the article's intent. Familiar as you are with such observances and conclusions, surely you score highly in the matrix. I am sure you do well in your trading. I have yet to find a trader that scored below 8 (out of 11) that is a successfull trader. Definitely something for us all to ponder....... Warm Regards, Walt ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ he was responding to this observation. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ >Good post in general, although I didn't see anything I haven't seen >somewhere else in the literature on trading. >--