How does a champion think?

Originally posted by dbphoenix


Actually, I love losses, because if I have 3 in a row, I take the rest of the day off.

--Db
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Thanks - 3 strikes and your out

could have saved me 4 points on Tuesday.

doher
 
Originally posted by doher


Thanks - 3 strikes and your out

could have saved me 4 points on Tuesday.

doher
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It seems reasonable. In a situation like that, I'm either not in tune, or I'm misinterpreting what I see, or I'm applying the wrong strategy to the action. Whatever. But it makes no sense to keep trying until I figure out what's wrong. Three consecutive losses seems about right.

I got that from Teresa Lo, who also said that if you can't make money in the morning, you're not very likely to make it in the afternoon, which has also turned out to be generally true.

--Db
 
Originally posted by dbphoenix


It seems reasonable. In a situation like that, I'm either not in tune, or I'm misinterpreting what I see, or I'm applying the wrong strategy to the action. Whatever. But it makes no sense to keep trying until I figure out what's wrong. Three consecutive losses seems about right.

I got that from Teresa Lo, who also said that if you can't make money in the morning, you're not very likely to make it in the afternoon, which has also turned out to be generally true.

--Db
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Here are my NQ trades for 10/8/02

-1 +.5

-4 -3 -3 -4 doher strikes out

+4 +1 -.5 +5.5 +1 doher makes a valiant comeback

-.5 -2.5 -3 -2 -3 doher - crashes and burns in a death spiral

during the comeback -my confidence soared - as if i was finally catching on.

the last 3 trades was a disaster - I was pressing to break -even for the day. As a result - I've mostly taken to the sidelines - to retool. But I missed Thursday and Friday rocket launches.

regards
doher
 
well, lo and behold, there was this:
Ruth understood full well that the hits help a whole lot more than the strikeouts hurt. He gave his philosophy in a nutshell with these words: "Every strike brings me closer to the next home run." And when reporters asked him how he dealt with the occasional slump, he replied: "I just keep goin' up there and keep swingin' at 'em. I know the old law of averages will hold good for me just the same as it does for everyone else."
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I wonder if he really said it.

And this, allegedly from Soros:
it doesn't matter how often you are right or wrong - it only matters how much you make when you are right, versus how much you lose when you are wrong.
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d. horse, can you jog my imagination a bit? Do you mean the guy who settles in for a wage vs. the guy that just has to try out his idea?
 
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