Monday, May 14, 2007

Ed Seykota's Words

If you want to trade consistently, without the swings in confidence, then you have to learn to accept, even celebrate, the feeling of uncertainty. This is the work of the Trading Tribe.

In your recipe for success, don't forget commitment - and a deep belief in the inevitability of your success.

We do not offer advice to each other.. Sometimes listening and empathizing does more good than advising.

Fear anticipates danger

Fear of losing anticipates losing
Fear of embarassment anticipates embarassment

Consider the Positive Intention of your Feelings

Some traders seem to like hope better than to fear even though hope can keep you in a losing

position and fear can get you out of danger.

Sometimes scalping can be like trying to take a drink from a fire hose.
http://www.seykota.com/tribe/pages/2003_Apr/Apr_13-19/index.htm

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