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Old 06-03-2007, 09:07 PM
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Re: How best to fight the mental game...

Hey guys,
Thanks for the input. Hopefully the doc will stop by and give us her opinion as well!

I agree that you cannot extract all the profits, all the time. And Walter was right, the income being generated from trading was much more than when I was a broker working 70 hr work weeks, so life should be good, right? I know, from a birds eye view, that makes perfect sense and to look at it right now, on a Sunday night, sounds great to me as well.

Come Monday though... if a trade just takes off... the battle ensues - call it greed vs. realism. Realism states that I will not extract every last penny all the time. Greed says to get it and get it now.

It's a wonderful psychological battle and I guess if the problem is whether I made $XX,XXX this month vs. $XX,XXX last month, it's a good problem to have. Now the pursuit is to push those X's a little further and debate about making $XXX,XXX vs. $XX,XXX a month!!!!

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