wmck6167

Dear Mr. Jesse Livermore, Thanks to you to teach me how to cut unfruit(or few fruits) branches in trading........and patient! You have a great day!

“Livemore sometimes did not follow his own rules strictly.” If Mr. Benjamin Graham did not follow Mr. Buffett's rules, he just made less money as he expected. If Mr. Buffett did not follow Mr. Benjamin Graham's rules, result is then he becomes the greatest investor. It looks like more preplex that Mr. Livermore did not follow his own rules and resulted in failure then suicide for he had been a great trader. Are there some impacts from trading affect the attitude of our life or the attitude of life impact the ways of our trading? I may be wrong, but I rather have peace and righteous trading than speculation with uncertain risks. Cheers.

Hi, Mitsubishi, It's a real good learning from your wisdom. I think it is very useful! Here is the way I used, I was using the Art of War to deal with it. I sent scout to verify the situation to see whether the market is really very strong against me or if it's a trap, in particular after I made a significant profit from market. On the other hand, I always kept this in my mind, “ A clever general, therefore, avoids an army when its spirit is keen, but attacks it when it is sluggish and inclined to return. This is the art of studying moods.” Chap 7, Art of War. Cheers.

Finally, Now I know behind Mr. Jesse Livemore is Mitsubishi!!! Ha Ha Ha. “Jesse Livermore, the legendary "Boy Plunger" and "Great Bear of Wall Street" in his office in 1929 just after the "Crash"--when he went short the market and made over 100 million dollars. His powers were at their highest. His life slid downhill from here--ten years later he would kill himself. “ Why he can do it right in trading, but he can not do it right in life? Is he a successful trader? Honestly it's quite different experiences what I learned from Market, market teaches me to embrace simple life happily since every successful trades always comes with thankfulness, and mindset do thing righteously in time. “Livemore sometimes did not follow his own rules strictly.” In trading, probably you can only control your own rules, but the rules will start to change once it starts to interact with others which is not controlled by you. So is there any rule become the truth? Even there is rules, there is always a parameter that you can not control, I bet you can not sustain the lost of 62% like Mr. Buffett, am I right? Cheers.

You seems to know a lot in this trading world. If the trading can be learnt by intuition, will the success for an intuition trader to be the lucky? I would like to listen to your opinions regarding to how to justify a successful trader? or or even a nature-born trader? Tks.

If past history was all there was to the game, the richest people would be librarians. – Warren Buffett If discipline was all there was to the stock trading, would the Wall Street be occupied all by soldiers? Cheers and have a fun in trading.

I found a lot of people used to use non-interacted thinking to solve the interacted system problem. Can Game theory successfully predict the future without the right mindset? Just curious. Cheers and have a peace trade for everyone.

"........To answer your question, MM controls my actions as should any trader. ........" Is there anyone using trades which is interacted with market to lead money management? I just curious. Thanks.:helloooo:

This statement provides a me to think from another angle. Thanks. I just have a simple question about MM and market. Does the MM lead the trades in market or the trades in the market lead the MM? If the MM leads your trades, you probably can control your risks more efficiently, but if your trades attached to market leads MM(I assume that you are a very talent trader), you probably can have a chance to max. your profit? Am I right? Well, maybe it very depend on your current situation. If you are a fund account manager, learned to MM is very important, but if you are Mr. buffet in young, will he handle the situation as fund manager? Just think it from another angle, cheers.:missy:

Thanks for your comment. It's great to have chance to know Mr. Wyckoff. There is something interesting I found from him. "Mr. Wyckoff felt that an experienced judge of the market should regard the whole story that appears on the tape as though it were the expression of a single mind." This is what I am thinking recently and I felt so excited to have similar thinking process with Mr. Wyckoff. Thanks again for introducing this gentleman to me. Cheers.

“Having a clear mind set without worry over bills & payments due cannot be part of the mindset of trading as this can produce negative influence. I believe a successful trader has zero external influence. “ You are right. But is it a good enduring training and a plus for trading power if you can handle the trades well under this situation? If you worry bills & payment, then you care of your money during your trading with great pressure, in my opinion, it is a good force to make the person successful in the trading process. Furthermore, I can have experience to care my money in my heart, then I would learn to care about other people's money and more risk perceptions in my trading or for other. Am I right? “Do exactly what the chart tells you to do & do not under any circumstances second guess. “ I just have a funny question, Do we believe what we see or what we hear in the trading world? Will we be deceived by ourselves or others sometimes? Thanks and Cheers,

"Emotions and reactive behaviors are the chief reasons why traders engage in self destructive behaviors" So even in the process destructive, you still need to focus on what’s the right, instead of focus on how to prevent destructive. When your mind looks at the negative direction, you will have a lot of chance to have “Analysis Paralysis” from my point of view. “Despite having a good profitable system ……. In my opinion, I would rethink about it twice from mindset point of view. Are you the one to be “in control to have profitable results” in an interaction system? I am a leaner and new to the world of Game. I may be wrong, but I like to think. Cheers.

Trading Mindsets is 80 %. But the 20% part sometimes also can help. For example, focus a better choice to follow…. In this case, I would not like to focus on how to prevent mind go weird from self-destructed or why people do it. I would rather focus on how to build up a righteous attitude and find a root cause why I cannot adapt to a better habit or strategy during trading? So, back to 80% mindset again. Just provide my opinion and Cheers.

Wow, over 30 years of trading. You shall be trading with a lot of passion. Did market give you any impressed positive feedback? Do you reach your goal or dream yet? Thanks.

Hi, Just another angle. Art of war is to win. It is not easy to win consistently but easy to lose if you do not have a plan and we only can control not to lose. It’s from an old book. Cheers.

Hi, Thanks for the advice. Indeed, I was attracted by the key word "King's Solomon" to stop by. If your kitchen is using Imperial Sugar, you definitely will know where the Sugar Land is. Cheers and have a wonderful weekend.

Hi, WMCK is a family code, meaning behind the code is "we are all guests in our life", 6167 is "wish you prosperous". I am not good at market analysis, but I like to make some friends here. Cheers.

This theory is great. But sometimes I may forget to watch the moon changing since I am too busy to work on the market. I am just thinking an indirect method to work on it, you can call it a derivative method. Since it is related to gravity interaction, I am thinking using a bouncing ball to correlate this relationship. Every morning, before the market open, I bounce the ball to measure the height in order to let me notice the influence(it's very important). I can work on excel to see the curve and I can even put the first derivate to see more sensitive change. Is it a good idea? I believe that you may have better ways than mine. Cheers to the moon.

Hi, I learned a lot from your “edge” discussion. Honestly I do not know about the edge and I also have no idea whether there is an edge in the system. But market is my good friend. When he told me that there is a possibility of going to no edge, in order to make friend with him, I also need to be well prepared. Furthermore, the only thing I can control is ”me”, isn’t it? Thanks and cheers.

Trading Mindsets is 80 % of Success Hi, I feel so great to learn a lot from your professional traders’ dialogues. I am conducting trading in general online brokerage account with my money and my current yield is over100% this year with live accounts. Many thanks to God. (indeed, 80% profit is related to oil but I am not sure whether I still can sustain this kind of profit in the future) Market is great, not only it can provide opportunity to make money, but it also provides opportunity of liberty for the captive minds, like me. Most of my trading strategies are 80% focus on mental side. I found that most of times my strategies are kept changing and interacted with system. I found that it is formed during the trading process naturally; instead of set it up at the very beginning. So my strategies are dynamically interacted with the system. Here is my current strategy, pure mindset. I have two margin accounts and have a good profit. I had sensed that system may go to take my profit back, so I naturally formed a strategy. I put one of my account in idle (indeed, I withdraw all of my money out in order to avoid any trades I may made involuntarily; I use another system to control my system), then I conducted the cash trades in one margin account when I found the price fell in the safety of margin range(I think). That means I collect half of my profit in my pocket; on the other hand, I put my risks to minimum. So I felt more peace. Now I can play around with less stress since it is designed to reduce the risks during the process. Can I say my trading is 80% on mindsets but sometimes I cannot follow the rules since the games are always changing? Regarding to the stress, just have a question, if the trader kept reminding him that “it’s not his money” to reduce the stress, if the risks are coming, will he becomes more ignore the risks and results in lost more money since IT’S NOT MY MONEY? Will the “IT’S NOT MY MONEY” attitude mess up the risks since he does not really care about it from his deep heart? Just curious about your thinking. Thanks.

I always want to say thanks to Market and Wall St. Here are my points: 1. Thanks to M. & W. to provide the opportunities for me to make money then I can utilize the profit to do what I want to do. 2. Thanks to M. & W to provide the opportunities for me to loss BIG then I can have a chance to change my personality to become better. 3. Thanks to the market to let me know “WHO I AM” when I met greedy or scary conditions of trading. 4. Thanks to the market to let me know what’s right and what’s wrong during trading then I can transform to a better daily habit person. 5. Thanks to the market to teach me wisely humble so I can know more about the market and to interact with him. 6. Thanks to the market to teach me not to focus on speculation and imagination too much, then I will be able to have better vision on the market. 7. Thanks to the market to give me opportunity to think the simplest decision in the world, buy or sell…..maybe up or down….or the hardest question, maybe just do nothing. It’s a wonderful market, isn’t it? I believe that you definitely can add more about it. Cheers.

I admire your smartness!

Hi, It's so great to hear you make a good profit. I am more interested in a situation, sometime Mr. Buffet has bad luck, lost 62%, I am thinking how can I survive under that situation if I using my own money in investment.... So you definitely very smart. Did you steal his money? Just for joking, Cheers!

Hi, there is no such problem: a trader needs to stick to the system and can not give in to his ever changing feelings. The reality is why we can not do that.... It's a complicated question from my opinions, it may relate to the personality, the belief on the truths of market, the operation mode on trading, the experiences, the power of repents and obedience to the rules.... It's just my personal opinions although I do not know the reason behind you to become a day trader. There is a boundary condition just came to my mind. If you lost a big money in the market, will you be thankful or hateful(or feel both angry and very sad...) to the market? Cheers, and nice to hear from you.