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Focus. Detachment from outcomes brings the ability to focus on what is important. Not focus on where you think price will go. Or where you fear it will go. Or where you want it to go. Focus on the profit potential inherent in the NOW. Trades can evolve down many paths, each characterized by...

Nutmeg, thank you for the kind words. Scaling in to reinforce patience, huh? I like it!

Mschey, thanks for sharing your views. I had hopes that cool trading would facilitate scaling up, haha! As I said at the outset, this is a personal view. I have to be cool, or I can't think. But I try to keep just enough emotion to recognize how other more emotional traders might feel if they...

Detachment. Open-Mindedness makes possible all-important detachment. When you are not hoping or expecting the market will do something, you become aware that all the possible outcomes are opportunities. But more importantly, when you are in a trade, you are not attached to it. Because...

Great stuff here: http://www.elitetrader.com/vb/showthread.php?threadid=83604 And search on and read everything by Jack Hershey. A pure money maker. A clearcut method, easy to follow and implement.

Open-Mindedness. How easy it is to be open minded when we aren't geniuses! I should know. I used to be a trading genius. I put yesterday's O/H/L/C on my chart, and I just KNEW before the open what was going to happen. Close or attempt to close the gap. React positively to expected good news...

Humility. By now you know the drill. Why should patience lead to humility? Because after practicing patience for long enough, you realize that you are being led. Not like the crowd. But by essential market dynamics. Who are you? Nothing to the market or any participant. What do you know? Only...

Patience. Comes from where, haha? Why, confidence, of course! And what does patience do for us? Helps us wait to commit until the market commits. Afraid at the open the market will go to infinity or zero and leave you behind? Remember what has to happen? Not bloody likely! Admittedly it...

Confidence. Again, I want to minimize negative terms. I could have said lack of fear. From whence cometh confidence? It's precursor is alertness. Nothing can catch you by surprise. Hence nothing can hurt you too badly. Conversely, you know that you probably observe and understand events that...

Calm. The beneficial trading states build on each other. Sobriety facilitates health. Health allows you to experience and enjoy satisfaction. Satisfaction helps prevent distractions from alertness. And alertness leads to an absence of anxiety that induces calm. Why is calm beneficial? Why...

Uh, Spectra, don't make me start a poll on whether or not you are a guru. Psych hospitals are full of Jesuses, and ET of gurus.

Alertness. By this I think I mean the ability to maintain situational awareness. For example, I have a bad habit of drilling into what has been going on for the past fifteen minutes on a one-minute chart, and missing the fact from a longer term chart (I can't admit to using five-minutes) that...

Thanks, Fearless. You're not missing much, the market is in Take-the-Profits-Back mode. Also known as How-Fine-Can-We-Trick-the-SCTer's-Into-Drawing-Their-Channels.

Oh! Either some of you are deleting your stupid posts, or we are being moderated to protect ET from excessive obscenity, whatever that might be by ET standards. In either case, all the better. A previous post, now vanished, referred to the morning 3S ritual. Being of an older generation, I...

Oh, man, that is SO different from what I do. I am so ashamed that my methods reek of the "Conventional Orthodoxy". Could you possibly post a chart if it's not TOO proprietary. I'd be happy to share mine (actually already posted elsewhere), again at a level that doesn't give too much away. You...

I didn't mention that he suffers from MPD, as freunden und feinden already know that. So yes, the core personality is unworthy. That is why he created all the others, to compensate. Not satisfied to manifest only my concepts of ego, id and superego, he had to go it one further and take from my...

Well of course at my age it is "wake up alive and with a hard-on", and preferably not from the need to piss. So all you do is figure "up" from "down"? How very un-TA. Do you use ANY tools?

Satisfaction. When I trade, I don't want to be aware of any distracting needs. Not being hungry is number one. So I eat a moderately unhealthy breakfast, biscuits and gravy is nice. Not being horny is number two. So I try to sneak in a morning quickie about three hours before the market...

Fearless, I am with you. By preparation I didn't mean study, only taking mental inventory. The list I posted is my checklist, accomplished in seconds. Of course I can never check off everything, especially the sobriety, but it tells me where I may fall down during the day. "A man ought to know...

Aeliodon, Hypo is heavily sedated and cannot reply, but I do want to thank you for your opinion of his progressive dementia. He suffered from Asperger's syndrome as a child and young adult, and, as is typical, fell into a technical trade to cope with inability to relate. Now that problem is...