[thalestrader]

Originally Posted by Mr_black »

It was my mistake to go contra trend ..... I was up $600 and finish for $96 net after that trade

Would you still consider it to have been a mistake if instead of losing $504 you had won $504 on the trade?

Best Wishes,

Thales

[johnjohn1hew]

Something I just read and thought it quite relevant to the pursuit of all of us:

"And your doubt can become a good quality if you train it. It must become knowing,
it must become criticism. Ask it, whenever it wants to spoil something for you,
why something is ugly, demand proofs from it, test it, and you will find it
perhaps bewildered and embarrassed, perhaps also protesting. But don't give in,
insist on arguments, and act in this way, attentive and persistent, every single
time, and the day will come when instead of being a destroyer, it will become one
of your best workers - perhaps the most intelligent of all the ones that are
building your life." - Letters to a Young Poet

[jonbig04]

Originally Posted by thalestrader »

Weekend Reading

The second is a book I acquired this week. It is Mark Douglas's first book, The Disciplined Trader. For whatever reason, of al the books, articles, seminars, software, etc. and so that I consumed over the years, Douglas is one I had avoided. It was only the fact that Kiwi recommended him multiple times that I decided to take a look. I liked what I saw enough to make his Trading in the Zone a Weekend Reading installment several weeks ago. I have not yet finished this book, but I think it also a worthwhile read. I do not have a .pdf myself, but a quick google search turned up this link where you can download the entire book except for the index:

http://prismintraday.com/readings/Di...ned_Trader.pdf

I have attached the Gann article to this post.

Best Wishes,

Thales

I read The Disciplined Trader just before I jumped into trading. I think it helped me quite a bit.

[thalestrader]

Originally Posted by jonbig04 »

I read The Disciplined Trader just before I jumped into trading. I think it helped me quite a bit.

I can see how it could help someone starting out immensely if one was willing to believe what Douglas has to say.

Best Wishes,

Thales

[thalestrader]

Hi Folks,

I have been wanting to share this interview with Dick Diamond here for some time, but the link I had had for it was dead, so for the longest time, I was unable to post it. I found a link to it today, so here it is (I am in no way responsible for the little 12 or so second forex advertisement you will hear before the interview proper begins):

Dick Diamond Interview

A few quick thoughts - Dick Diamond is a trader, and he does teach a seminar a few times each year. I have never taken his seminar. While I would like to meet him, I have no intention of paying him to do so. But, I have in the past spoken favorably of Mike Reed here at TL, and he is a former Dick Diamond student. I have shared a couple of essays by Rod Roth here in this thread in a weekend reading submission, and he is a former Dick Diamond student. I am acquainted with a couple of guys who likewise have taken his seminar. What is striking about his interview, and also about those who have taken his course, is the focus not on his set-ups, but on emotional discipline. I do not know what he teaches as far as set ups go. I do know that those who take his seminar come away with a solid and strict attachment to developing and maintaining a disciplined approach to trading.

Best Wishes,

Thales

[thalestrader]

Hi Folks,

I found a Chris Terry interview at the same website I found the Dick Diamond interview. Chris Terry, you may recall, was the author of an article I posted here entitled "The Trading Game." He is a Linda Raschke student as well, and is employed by Linda's trading group.

Chris Terry Interview

Best Wishes,

Thales

[jonbig04]

Originally Posted by thalestrader »

I can see how it could help someone starting out immensely if one was willing to believe what Douglas has to say.

Best Wishes,

Thales

I did believe him, and I still do! Douglas ftw.

[Mr_black]

Originally Posted by thalestrader »

Would you still consider it to have been a mistake if instead of losing $504 you had won $504 on the trade?

Best Wishes,

Thales

The odds are better when trading with trend .........