Emotion Free Trading

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perler59

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Post Number: 286
Registered: 09-2003

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Votes: 8


Wednesday, August 18, 2004 - 11:19 pm:

This is an excellent free book.

http://www.nqoos.com/Articles_and_Reprints/EmotionFreeTradingBook.pdf

I can NOT control the markets, so I MUST control myself.

deanrosario

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Post Number: 432
Registered: 11-2002

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Votes: 0


Thursday, August 19, 2004 - 01:26 pm:

Perler59 - thanks for a link to what will be my trading bible from now on!

It articulates everything that I find to be critical for successful trading.

In my opinion, every trader, or aspiring trader, should read this e-book before worrying about Weinstein, or Bollinger Bands, or Blind Freddy set-ups or spending thousands of dollars on the latest software package.

I keep telling myself that the "holy grail" in trading is not in finding the perfect set-up, but, rather, in disciplining the mind to implement the rules I have established.

Thanks
Dean

ann

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Post Number: 168
Registered: 04-2004

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Thursday, August 19, 2004 - 07:40 pm:

Hello Perler 59,

Thanks for the link. I am just down loading it now and I shall look foreward to reading it.

Cheers
Ann

perler59

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Post Number: 288
Registered: 09-2003

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Thursday, August 19, 2004 - 08:00 pm:

Hi Dean and Ann.

Thanks for the feedback. Its nice to know that someone reads my posts

I'm only up to chapter 4 but so far I am very impressed.

I can NOT control the markets, so I MUST control myself.

andrewk

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Post Number: 174
Registered: 09-2003

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Thursday, August 19, 2004 - 10:05 pm:

Yes, I agree. I read this the other day after hershy posted the link to http://www.nqoos.com/.

baron

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Post Number: 13
Registered: 06-2004

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Tuesday, August 31, 2004 - 03:59 pm:

Thanks for sharing this. Excellent stuff.
Cheers

maligas

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Post Number: 88
Registered: 05-2004

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Wednesday, September 01, 2004 - 01:02 pm:

I have dozens of books on different trading systems, trading in bulls, trading in bears, trading trading trading ...

What I needed was this! I started the book yesterday and am up to Section 3. And when I've finished it, I'll be starting again. And again until it sinks in.

Many thanks perler for bringing it to all of our attention.

Maligas

pitt

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Post Number: 12
Registered: 05-2004

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Votes: 0


Monday, September 06, 2004 - 02:37 pm:

I used to really love it when I got to a 20% loss, I'd take my 20% loss,,decide this must be a win situation,and be happy to get away with most of my dosh.....then i had this little thought that said.... but !! if I get out now I will only realise my losses,,gosh I wish I'd been deaf to that little thought,, it certainly got ugly as the losses climbed over 20% and I was dumb struck into inaction, then I'd repeated the whole situation all over again, there is just nothing like huggin onto pain so tight one can't let go.
thanks Perler59 I can't wait to get to the end of the book so i can visualise myself gratefully letting go of those 20% losses

ingot54

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Post Number: 112
Registered: 05-2004

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Votes: 0


Thursday, September 09, 2004 - 02:11 am:

Thanks a heap, Perler. This link should be stamped on to the Trading Statement of every newbie - would save a lot of cash and pain in the early days.

Thanks for taking the time to share this.

Ivan

Disillusionment with yourself must precede Enlightenment.Vernan Taylor

midnight_trader

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Post Number: 5
Registered: 08-2004

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Friday, September 17, 2004 - 04:29 pm:

Hey Perler59.....

Remind me that I owe you $50K. That's probably how

much that book will save me over the next few years.

Thanks again for the post.....

perler59

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Post Number: 364
Registered: 09-2003

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Friday, September 17, 2004 - 04:40 pm:

Hey! Perhaps we should fix up the grammar a bit and sell it on Amazon for $100 a copy

I can NOT control the markets, so I MUST control myself.

snorter

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Post Number: 34
Registered: 01-2004

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Friday, September 17, 2004 - 11:48 pm:

A good read. Thanks
Just a point to ponder -
it talks about using mental pictures of yourself successfully trading to get you thinking and trading that way.
In Elders book, he suggests before trading, telling yourself that you are a "loser and have it in you to do serious financial damage to your account".
Maybe a carefull balance of the two is required.
snorter

julles

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Post Number: 1235
Registered: 01-2003

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Saturday, September 18, 2004 - 12:26 am:

I shoudln't say this so I won't, but anyhow thanks
Peter for the read, it's just somehow it seems too familiar.

Standard market practice? Oh well.... !

If you don't know, then how would I know?

That's why we communicate, maybe we can discuss something and reach a conclusion that makes us feel OK about our choices, not right not wrong but OK because we made the choice.

perler59

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Post Number: 368
Registered: 09-2003

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Votes: 1


Saturday, September 18, 2004 - 11:24 am:

Hi Snorter.

'In Elders book, he suggests before trading, telling yourself that you are a "loser and have it in you to do serious financial damage to your account". '

You have to be VERY careful about what you feed into your sub-conscious mind. I think you should imaging every possible eventuality of the trade and imagine yourself acting swiftly, decisively and always in your own best interest, no matter what the eventuality. It is NOT in your best interest to tell yourself that you are a loser!

I can NOT control the markets, so I MUST control myself.