Thursday, November 02, 2006

 

WINS !!!

I attended the Alumni Seminar on Saturday not expecting much in the way of new data. I felt I needed a review to cover some of the things I may have missed or had forgotten. What I got was a whole new perspective and more of the big picture in addition to new techniques.

I realized that after the period of time that I have been trading, my attention became fixed on only a few points and indicators and all of the others were not even being considered. I was using rules when not to trade for one strategy to keep from trading any strategy. This became a huge handicap and subsequently deteriorated my successes in trading. It became hard and efforty. Once Barbara pointed out that you should not get too fixed on a specific strategy and evaluate the charts as a whole from the top down, my fixed attention became clear.

I was so excited to practice on Monday but I had prior committments which reduced the time for my trading to only 2 hours (which is really all I should be trading anyway). In two hours time, I was able to get 20 ticks. The next 2 days I was able to get 15-20 each day with only a few bad trades. Needless to say, my net profit was way up.

Thanks Barb for the data.

D.C.
Clearwater, Florida

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