wmck6167

Today I found that I am not a fighter anymore... I become a shepherd. Thanks God!

Hi Eddie, Thanks for your good comments. I put your factor into a liner equation and add more: Trade Peace(x,y,z,...)=a*integrity+b*discipline+c*short term profit+d*long term profit+e*risk+f*personal achievement..., where a,b,c,d,e,f are constant. I believe that it will have more factors which very depends on personal demands and situations. Furthermore I believe that these factors are interacted with each other. Now there is a interesting question, could a person control these factors by his own self? If answer is yea, then he is a God blessing person, I think. Cheers,

Here is my thoughts. In order to trade “with freedom”, you need to know the truth about the system of trading and yourself. Here is what the dictionary said about the definition of truth: “a verified or indisputable fact, proposition, principle.” Is there a truth in trading or yourself while you conduct trading? I believe that the truth of the principle in trading won't have swing situation which meant it will be right from beginning to the end. Of course, we need to deal with kinetics and thermodynamics issues, which I mean by the time and equilibrium state. Truth may be fluctuated with time, but eventually it will be still the truth. Well, if there are really truths in trading system, then total obedience to trading truth will make you more successful than failures. Cheers,

If you feel peace after you conduct trading is a good tool to evaluate whether you do the right thing or not on the trading, I found. If you feel something wrong, then if you can go back to track yourselves to evaluate what's right or what's wrong, I believe that you may gain a more deep insight about your trading. Then try to find a way to correct the factor make your felt not so peace, I believe that it will make your more confidence in your next trade. Cheers,

Change is not easy. My experience is the thinking process just like a linear equation, most of time, the solution is set, so the variable is fixed. My past thinking process is like this way, so I was easily trapped in a loop! I felt trading behavior just like a one dimensional thinking, you easily stuck on the root and cause. You may need to find out the possibile solution in 2 or more dimensionas in order for you to find a better choice. I like Dr. Edwards Deming said, “A system cannot understand itself. The transformation requires a view from outside. “ Cheers,

Hi, TheNegotiator, Have a good day! It's nice to hear from you again. Another profound thinking to help people to have a better trade and life. You statement made me think of Dr. W. Edwards Deming, one of great giant I respect. Here is what he said. "The prevailing style of management must undergo transformation. A system cannot understand itself. The transformation requires a view from outside. The aim of this chapter is to provide an outside view—a lens—that I call a system of profound knowledge. It provides a map of theory by which to understand the organizations that we work in. "The first step is transformation of the individual. This transformation is discontinuous. It comes from understanding of the system of profound knowledge. The individual, transformed, will perceive new meaning to his life, to events, to numbers, to interactions between people. "Once the individual understands the system of profound knowledge, he will apply its principles in every kind of relationship with other people. He will have a basis for judgment of his own decisions and for transformation of the organizations that he belongs to. The individual, once transformed, will: *Set an example; *Be a good listener, but will not compromise; *Continually teach other people; and *Help people to pull away from their current practices and beliefs and move into the new philosophy without a feeling of guilt about the past." Cheers,

Hi, The Negotiator, I am new to trader lab. Your points are so great. “Traders who are able to accept their own mortal failings and adapt, not only become better off financially for it but usually become better people too.” It's so wonderful for your statement. I believe that everything is connected. I believe the ability to change yourself is though repent your weakness, same time focus on the right thing will make you stand strong. Nice to hear from you. Cheers.

HI. MMS, Here is what I think. There are two giants I really respect. One is B. Graham and the other is W. Buffett. When I read master B. Graham book, I was impressed by his diversity on stocks to lower the risks. When I read Buffett's book, I was impressed by his concentration on profitable target. So I think how to lower risks but also concentrate the profitable target? The key words shall be diverse and concentrate. My strategy is diverse my risks, e.g. if I have poor money management, then I diverse my money to lower risks, then focus on the target. I tried to buy stocks "in my risk" is low. Again it's back to safety of margin again, I think.

Hi, MMS, I think this is one of my strategy, I think. If I find I am kept lost in stock trading, that means I am making action easily fell into the 80% range in 80/20 rule. So the best way to win the game is developing a procedure to “play game against myself”. Then I might have a chance to fell into 20% category. So the title still fighting is meant to fight myself bad habit! Not the market! Glad to hear your any comment.

Hi, MMS, How about yours? I maybe find out something different with mine or learn from yours if you shares. Thanks. Really, I believe that mine is no special compared with tons of books showed so excellent strategy in Amazon book store. I aslo learned from there, honestly.

I found there is an interesting thing happened in my mind when I purchased stocks. I purchased stock based on expection. The expection is coming from the judgment of tools I used to analyze the stock will go up. The I buy the stock, if the stock price go up, then I may buy more, if jump, I may take profit. This operation mode seems to be reasonable. But you still put your fate on uncontrollable since it dependents on the result you got and you wait for it. Until one day, I changed my way of operation, I do not put my fate to uncontrollable factor. I tried to set up the plan and do a little bit calculations before I decide to purchase stock. Then situation start to change dramatically. I felt that I like a fisher with good bait.

When I start learn stock trading, I like a kid want to learn a lot of things and believe that I can find some rules to beat the market. Later on, I find a lot of rules; but sometimes work and sometimes did not work. It really confused me and concluded that market is unpredictable. But sometimes I also felt someone is manipulating the market. But, theses factors are non-controllable. How can I beat these non-controllable enemies if I really need to compete with them? If there is really have a 80/20 rules, which meant what shall I do if I was fell into this 80 percent or even 90% category? So I start to focus on controllable factors. Then I need to think about a plan or strategy to let myself not to be defeated if I found that I was against the market. I focus on control the controllable factors(it's me), then I found I can reduce the lost! Cheers.

Hi, I am new to trader's lab and this is my second post. I am not good in English writing. But just would like make some friends here. I think I am a learner daily in stocks market since I always can learn something new from there everyday. Here is my principles for trading, first, I try not to gambling. I meant I do not place my important trade based on pure guessing. Whenever I conduct a very critical trade, I may ask me if I am gambling? If it is, I will try to look at what kind of risk I am going to bear. Second, from my experience, most of time I found that if I do trade right(what' the righteousness?), then I won't worry too much the risk, but if I do thing wrong(I am still human), then I found that I was in a war! Then I need to set up a strategy to figure out how not to be defeated! Here is what I think, if you look at market, you probably agree that the probability to win and lost is just half and half, but the amount of win is always smaller than the lost generally. I think because when you trade, when price has rising, but you take profit, it continue up, but when you lost, you generally are pushed to lost max. So my strategy to win in market is not on “how you can win”, but based on “how you not to be defeated when you are in war mode!” and control the risk. Then the lost will be smaller than the profit you win and you can continue accumulate profit. Like to learn from you guys if you have different thoughts.