Aoccdrnig to a rscheearch at Cabmrigde Uinervtisy, it deosn't mttaer in waht oredr the ltteers in awrod are, the olny iprmoetnt tihng is that the frist and lsat ltteer be at the rghit pclae. The rset can be a total mses and you can sitll raed it wouthit a porbelm. Tihs is bcuseae the huamn mind deos not raed ervey lteter by istlef, but the wrod as a wlohe. Keep your eye on the hole, and not the donut.
"(Investment is) intolerably boring and over-exacting to any one who is entirely exempt from the gambling instinct; whilst he who has it must pay to this propensity the appropriate toll." John Maynard Keynes
we all picked up ugly girls at the bar when we were drunk? :eek: We did not see what was between the first and the last?
yeah - same here. just like in those fantasy movies where devil and angel are sitting on some guys shoulders telling him how to act. angel: you know your rules - you know what is right or wrong - do the right thing. ignoring your rules will hurt you. be a good boy ... devil: come on dude - jump in - make it back - f*ck those rules - you don't need rules - you're da man - don't let them take your money - go get it ... we know the end of the story
Discipline doesn't come by magic because it is not natural for human. Again it is not enough to say what (get disciplined) but also to say how. And yes the journal is perhaps the ONLY CONCRETE tool to get disciplined. A psy can perhaps help but it is not enough. Also if you are a pattern trader you must make a journal of these patterns and it's better to do it "BY HAND" (with screen copy and annotation tools) which takes time but it is the way memory works: memory works with all the senses and if you let the machine do it for you (in fact it is difficult for a machine to do intelligent annotations) you won't just memorize a lot and when the pattern presents in real time you will hesitate. Hesitation in daytrading is costful because contrary to upper scale trading slippage counts and each second of hesitation increases exponentially the risk.
Hmm...as opposed to the (European?) system (How can I make the least money by putting forth the most effort?).