[Enigmatics]

Originally Posted by Rande Howell »

Patience is not a deterministic trait. It is a potential that is brought forth with applied practice so that it becomes habit -- and appears as a personality trait. Does the guy has a genetic predisposition toward patience? Probably so. Did he develop that potential into a performance level emotional state. Probably. What you are saying, is that even if it were not ideal circumstances, it could be done. Assuming you isolate the fear that drives your trading and master it. I won't go away. Over time you may desensitize it and evolve into a better trader. Many who participate in this forum have done it this way and found success. It is a choice.

Rande Howell

Well the irony is that he was completely impatient in the early going. In fact He took a serious hit on a stock (lost about 30% of his port) back in late March because he wasn't sticking to the rules that I was preaching to him about controlled position sizes and entry confirmation. At first he told me that, unlike me, he could take more "risks" given the fact that he already had a job. After that, he learned that that was no reason to become undisciplined and it's been all uphill from there. Now that I think about it, after that huge loss he's been on a $19,000+ move north.

[SIUYA]

A young bull and an old bull were standing on top of a hill overlooking a herd of cows.

The young bull says, “Why don’t we run down there and f..k a couple of cows?”

The old bull replies, “Lets walk down and f..k them all!!”

[jpennybags]

Sometimes you eat the bear; sometimes the bear eats you.

[Rande Howell]

First patience is a practice that we become competent in. There is also an assumption here that, in their right mind, the trader knows how to trade -- they know the rules and are not a rookie. The problem is that they do not know how to maintain patience in the face of uncertainty. Disciple has not been embedded as a sustained practice. Withoiut patience and discipline, uncertainty triggers to fear and stupid mistakes happen. How many traders have, went doing their review, have asked themselves, "What was I thinking?". Managing state of mind is the eccense of trading. Without it, you waste your methodology.

Rande Howell

[pbylina]

Originally Posted by SIUYA »

A young bull and an old bull were standing on top of a hill overlooking a herd of cows.

The young bull says, “Why don’t we run down there and f..k a couple of cows?”

The old bull replies, “Lets walk down and f..k them all!!”

Lol, heard that on this movie I was watching yesterday about these 2 cops who worked in the "hood". I didnt get it though...

[Enigmatics]

Originally Posted by pbylina »

Lol, heard that on this movie I was watching yesterday about these 2 cops who worked in the "hood". I didnt get it though...

It's a parable for planning and patience ....

[MightyMouse]

Originally Posted by jpennybags »

Sometimes you eat the bear; sometimes the bear eats you.

The outcome of the bear eating you is unacceptable.