Teach A Man To Fish And.........

Saint · #**1751** 30th June 2008, 06:34 PM

Can one ever overcome fear,greed,hope,regret and all that.........?Well,we as traders.....we don't strive to overcome these emotions that can lead to our downfall.Instead,we try to focus on the processes involved.........Keeping our processes systematic,we get past fear and greed.By adhering to our strategies,we do not let Hope and Regret have a peek in.

If I am in a stock at 100,with my stops at 94,and I have position sized appropriately.........there is no fear.If stops are hit,I am out.The loss of that money doesn't frighten me,doesn't give me sleepless nights.When the stock is trading at 110,and stops are at 102,the adds are in such a way where the total risk is roughly the same........Fear is not allowed in.

The adds when the trade goes right prevents me from worrying about the stops taken previously,even if hit many times........As the adds keep building up,trail stops are raised........The focus is on the Trails,not on the money earned .....Greed is kept out.

And adhering to stops prevents having to hope and pray............and regrets.

Focus on the process,and not the result.........One of the greats in the Investing world once said,Be greedy when everyone's afraid,and Fearful when everyone's greedy........Nothing wrong with that.But as traders,have a strategy and follow it.You will realise that neither fear nor greed touches a Systematic Trader who maintains his/her focus on the Process.

Saint

musicjunkie · #**1752** 30th June 2008, 06:36 PM

Fantastic Saint,
Saw your video at kolkata meet, thanks to people who uploaded it. You sounded Singaporean, i lived in Jurong East for a while.
MJ--

Saint · #**1753** 30th June 2008, 06:40 PM

Quote:

Originally Posted by musicjunkie

Fantastic Saint,
Saw your video at kolkata meet, thanks to people who uploaded it. You sounded Singaporean, i lived in Jurong East for a while.
MJ--

Grew up there,studied there......but the Singaporeans say I sound Indian though.

And chuck the video

......am a poor speaker,no oratorical skills,not eloquent......though have a strong desire to share.You would probably benefit more from me,one on one over a cup of coffee and some charts.

Saint

Sats · #**1754** 30th June 2008, 07:08 PM

It's a Fantastic effort Saint.... Thanks.

Sats.

Saint · #**1755** 30th June 2008, 07:10 PM

A rally is not an uptrend.......you can get rallies in an uptrend as well as a downtrend.

Saint

Saint · #**1756** 30th June 2008, 07:18 PM

A decline is not a downtrend.......you could have a decline in an uptrend,or within a downtrend.

Saint

Saint · #**1757** 30th June 2008, 07:27 PM

Lower Pivot Highs and Lows make a Downtrend.........A downtrend is made up of weaker rallies and stronger declines.Focus the eye onto the Lower Pivot Highs in a Downtrend.....that's where your stops are.Breaking of which you would assume that a change in trend has just occurred.

Saint

Cactus · #**1758** 30th June 2008, 07:29 PM

Saint,

Can I have the thread in PDF version please.......

regards.

Saint · #**1759** 30th June 2008, 07:37 PM

Higher pivot lows and highs constitute an Uptrend.Focus the eye on to the Higher Pivot Lows.........this is where your stops are,and the break of which,one would say that the ongoing trend has reverted.

Saint

prabhjeetrana · #**1760** 30th June 2008, 08:24 PM

Quote:

Originally Posted by Saint

Higher pivot lows and highs constitute an Uptrend.Focus the eye on to the Higher Pivot Lows.........this is where your stops are,and the break of which,one would say that the ongoing trend has reverted.

Saint

Thanks a million Saint for revising your concepts again, the time is exactly ripe that we focus on the trading strategies

Great Effort