Sunday, October 19, 2008 10:21:58 PM
Heres the post by Mikey that i mentioned earlier...
For some this might not mean anything, but for those that have take some bad blows in this market and are looking to find their groove again, i think it would be helpful... Taking small profits instead of swinging for a home run will help you learn options without discouraging. Its the best way to start...
Posted by: xbigshot1 Date: Saturday, September 27, 2008 1:41:31 PM
In reply to: None Post # of 16653
how to get your CONFIDENCE back when you have taken hits!
in a volatile and turbulent market, sometimes we play it safe, sometimes we roll the dice. the last couple of months have either taken its toll or been a lifesaver.......or in some cases a combination of both.
ups and downs come with the territory, and sometimes the results are NOT a reflection of how well you trade. whipsaws, hedgefunds, insider buying, insider selling, shortsellers, lack of shortseller, talking heads, news, etc. can have negative or positive effect on your play, and make no mistake, can change a chart in a heartbeat.
in my particular case, my portfolio is up dramatically in the last couple of months, but not without a price to pay..when you are climbing that mountain, you are gonna have to step on a few stones along the way and in some cases, you might even fall into a damn cave..........and i have always contended that if you want to get outta the cave......find someone who is familiar with the cave, as opposed to reading flyers from folks who are telling you to be careful of the cave///// they dont really tell you HOW to get OUT of the cave, they only tell you to be careful of the cave.......welllllll isnt that special?...wonderful words, eh?
so here is a good start: make 3,4, or 5 good trades in a row, to get your confidence back.......i dont care what it is, i dont care what exchange, i dont care how much you make.....it immaterial......what you REALLY REALLY want to do.....is LEARN TO WIN AGAIN......sometimes we have a tendency to do the wrong thing at the wrong time, and continue to miss.......and sometimes when that doesnt work.......we have a tendency to work harder at MISSING, by pushing the envelope a lil harder.......that almost never works and the misses become self inflicted to a GREATER extent!!!!!
you NEED to break this chain, immediately.......STOP what you are doing and go back to basics......LEARN TO WIN AGAIN......YOU CAN DO THIS!!!!!!!!!......i have had to regroup three times in the last two weeks on MAJOR hits......i had to learn to win again......i knew what i needed to do......WIN!........its working
again........make 3,4,5 trades in a row and learn to win.......forget about the money on these trades.......learn to buy.....sell.......pay for the commissions and see GREEN.......i dont give a rip if its $10.00 profit...........JUST DO IT!!!!!
and WATCH YOUR CONFIDENCE RETURN!!!!!!! I WILL GUARANTEE IT!!!!!
mikey
My posting contains many opinions. So please do your own research and validation.
For some this might not mean anything, but for those that have take some bad blows in this market and are looking to find their groove again, i think it would be helpful... Taking small profits instead of swinging for a home run will help you learn options without discouraging. Its the best way to start...
Posted by: xbigshot1 Date: Saturday, September 27, 2008 1:41:31 PM
In reply to: None Post # of 16653
how to get your CONFIDENCE back when you have taken hits!
in a volatile and turbulent market, sometimes we play it safe, sometimes we roll the dice. the last couple of months have either taken its toll or been a lifesaver.......or in some cases a combination of both.
ups and downs come with the territory, and sometimes the results are NOT a reflection of how well you trade. whipsaws, hedgefunds, insider buying, insider selling, shortsellers, lack of shortseller, talking heads, news, etc. can have negative or positive effect on your play, and make no mistake, can change a chart in a heartbeat.
in my particular case, my portfolio is up dramatically in the last couple of months, but not without a price to pay..when you are climbing that mountain, you are gonna have to step on a few stones along the way and in some cases, you might even fall into a damn cave..........and i have always contended that if you want to get outta the cave......find someone who is familiar with the cave, as opposed to reading flyers from folks who are telling you to be careful of the cave///// they dont really tell you HOW to get OUT of the cave, they only tell you to be careful of the cave.......welllllll isnt that special?...wonderful words, eh?
so here is a good start: make 3,4, or 5 good trades in a row, to get your confidence back.......i dont care what it is, i dont care what exchange, i dont care how much you make.....it immaterial......what you REALLY REALLY want to do.....is LEARN TO WIN AGAIN......sometimes we have a tendency to do the wrong thing at the wrong time, and continue to miss.......and sometimes when that doesnt work.......we have a tendency to work harder at MISSING, by pushing the envelope a lil harder.......that almost never works and the misses become self inflicted to a GREATER extent!!!!!
you NEED to break this chain, immediately.......STOP what you are doing and go back to basics......LEARN TO WIN AGAIN......YOU CAN DO THIS!!!!!!!!!......i have had to regroup three times in the last two weeks on MAJOR hits......i had to learn to win again......i knew what i needed to do......WIN!........its working
again........make 3,4,5 trades in a row and learn to win.......forget about the money on these trades.......learn to buy.....sell.......pay for the commissions and see GREEN.......i dont give a rip if its $10.00 profit...........JUST DO IT!!!!!
and WATCH YOUR CONFIDENCE RETURN!!!!!!! I WILL GUARANTEE IT!!!!!
mikey
My posting contains many opinions. So please do your own research and validation.
My posting contains many opinions. So please do your own research and validation.
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