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Yes, but like Larry said, I still need to get my focus in order to do this in a controlled manner.

Predatory character is an ingrained habit based on fixation of "I" It is not the nature of the base... otherwise it would be hopeless for change.

Hi Larry, I need to do more of this. I am not very strong with this aspect. I have seen it working from time to time but it is just mentally tough for me... need more practice and experience. This is the scary area I shy away from which could get me into a new level of performance. Thanks...

"POKER RULE #90: If you lose the Zen, at least continue to play your cards right." If I lose my cool and focus, I can still get ahead a bit as long as I keep doing the right things and some luck. But eventually it will be difficult to not to screw up without the proper focus. Know when to...

"POKER RULE #89: Resist the temptation to develop a theme to the game." Stop the drama and the entertainment. Ultimately one has to choose actions based on conscious decision to either make (and keep) money or everything other than making money.

"POKER RULE #88: Show your opponents that you can't be baited." It is the sitting (for the right opportunity) that makes the money. Don't be a hero.

"POKER RULE #87: Don't develop a personal vendetta against a certain player." I think Marty Schwartz said something like "don't bet against the fat lady" whom you dislike at the crap table.

It really depends on how one trades? I trade short-term intraday and I find having a too strong of an opinion or "read" can be an opened door for "ego." But I also need some conviction for staying with a good trade. I do basic homework at night but it's just to get a general sense of the...

Forget it. It's coming down as of speak. :eek:

Did great this morning! Then chopped to death in the afternoon... somehow I made back my morning profit. Is there going to be more choppy consolidation before another leg down? I don't think my heart can take it. :)

Yes, overconfidence in anything is a warning sign of flying crap to come. :D

I only traded a bit the morning because I have to bring my wife to check up and I couldn't believe the drop when I came back. I did lost some money trying scalp long and did not manage my stop as well as I should. Now it doesn't look all that bad. This is payday for the ORB (open range...

"POKER RULE #86: Eliminate macho" Fighting the trend and pressing the luck factor are the quickest ways to dig a hole. Eliminate marginal trades. Instead, use the money to cushion the losses from the qualified setups.

Hi Larry, It is hard to apply Buddhism as "intended", I look at myself as a failed Buddhist but I've heard enough to never look down at my own potential or anyone else's. I agree with you when you do good things, your whole body chemistry changes and you can reap rewards right away. When...

Oh well, ET has deleted all my posts on the highlights of most chapters from the book because of copyright infringement which is fair. There are only two chapters left in the book that were not covered: "Night Fighting" and "Best Trade." "Night Fighting" gave insights into Marty's analysis...

Yes, I got those for my son and they have versions for special adult like me. :D

On a more practical note, I play some "Mozart Effect" music CD while trading which claims to release stress and increase my IQ... didn't feel any smarter. Sometimes it gets so annoying (when I am losing), I turn it off. Sometimes it makes me doze off when the market moves in 3 ticks range. :D

Hi Larry, It is hopeless and hopeful at the same time. I think the traditional method only works after we give it time. I am just gonna talk like a parrot here. This whole visions of samsara (cyclic existence) are held by tensions. Buddhists claim that it took countless lifetimes of...

It is stressful for me but the tolerance gets better overtime with some confidence. This stress (both losing and winning but more when losing) eats up energy and affects performance. That is why I take breaks even though it means missing opportunities. But then again if I lost my focus, even...

Yes, I am trading emini S&P. No, the rhythm was choppy in general and I trade very short term. There was one nice move that the new method caught but I have so little confidence that I did not take it yesterday. Same thing happen today, I took the profit too early but it is OK. I think it is...