Successful Trading

Discussion in 'Psychology' started by rs7, Jul 1, 2002.

  1. dis

    dis

    Rs7, you may be more right than you think. A few years back I opened Roth IRA accounts for myself and my wife. I have contributed equal amounts to both. Today, her account is twice as big as mine...

    dis
     
    #151     Jul 9, 2002
  2. rs7

    rs7

    :(
    Guess you are accountable to your wife like I am to mine:D
    Like I always say....I just work here!
    And that's to the rest of my family as well as friends and strangers!
     
    #152     Jul 10, 2002
  3. BTW, the "hard work is sitting"...that is really on the money...and almost like a Livermore type of truism...The easiest thing to do alot of times is jump into the fray and get a "piece of the action", the hardest thing to do is sit patiently like a lion waiting for his prey to be most vulnerable and then leaping out from behind the bushes to pounce on it...
     
    #153     Jul 10, 2002
  4. Rigel

    Rigel

    Brevity is the soul of good trading as well as wit.
     
    #154     Jul 10, 2002
  5. PubliasEnigma

    PubliasEnigma Guest

    Committment to letting the play work itself out is by far one of the most essential and difficult skills to cultivate. Allowing the move to spontaneously fulfill itself without letting ones attachements interfere is truly an art.

    Great Post Vulture,
    Publias
     
    #155     Jul 10, 2002


  6. I identified with fc's remark, though I'm sure noone here would know that about me.

    Anyway, about your tag line FC, what the devil intends for evil God uses for good.
     
    #156     Jul 10, 2002
  7. dis

    dis

    It must be subliminal: my wife does not even know she has an IRA account.
     
    #157     Jul 11, 2002
  8. That is so true, my best months are when I am super selective and only trade when everything lines up perfectly. I think my friends wonder what the hell I am doing, because it probably appears to them I do no work at all.
     
    #158     Jul 12, 2002
  9. This is the first time i am reading your initial post on this thread. This is the reason I voted for you to stay! Discipline comes from accountability. If self accountability does not work for you then find something else. I know of someone who went so far as setting up a corporation to trade his personal account so that he "thought" he was accountable to the shareholders (him, his wife and a trust for his kids).

    Great post.
     
    #159     Jul 12, 2002
  10. PubliasEnigma

    PubliasEnigma Guest

    I am curious to know if this had a positive impact on his trading?

    Publias
     
    #160     Jul 12, 2002