No I am not perfect <<<< I admit that ... Hank
From Dr. Dorn :
Why are so many traders trying to turn a game of probability into one of 100% certainty?
The answer lies in one of the cardinal sins of trading which is PERFECTIONISM.
Perfectionism can be a great help to people in many professions, but can be fatal to a trader. Perfectionists, always trying to find the “Holy Grail” of trading, go from one service to another, from one system to another, looking for a way that they can be right all the time. They think, “YES! Now, I’ve found it! It’s this trading room, or this service, or this indicator! Wait... something is wrong here. Not all of these trades are working, and I have draw- downs! How can it be that this particular method failed and I actually had to take a loss? Must be something wrong. I will try harder and look for an even better system, a more expensive service, a new and improved guru, some absolutely no-fail software so that I can have ONLY WINNING TRADES.”
This is perfectionism in action. Not only does this type of irrational behavior and belief undermine and demoralize a trader, but it takes away all the enjoyment and fun of being in the markets. It leads to depression, with depletion of psychic and physical energy, and leaves the perfectionist to confront his/her basic and overriding fear: fear of failure. In the extreme, it leads to physical and mental illness, including addiction to prescription drugs, alcohol, or illegal substances as well as other addictions. The pain of failure or the haunting fear of failure is simply overwhelming, and one turns to whatever works to “medicate” the pain.
I want to share something of my personal history with you, as I believe that many of you can identify with me, and learn from some part of this story. (And if you do, please let me hear from you.)
My parents were seriously ill from the time that I was born. I truly believed that if I were absolutely “perfect,” scored the highest in school, did the best at music and dancing and elocution and debating that I could make them better. So I did that. I had no life outside of study and learning. I was the “perfect little daughter” and even became the “perfect little doctor” for my sick parents, even though I was only 13. Shortly after this, while I was still in my teens, both of my parents died. I was not “good enough” or “perfect enough” to make them better. So, I tried even harder and studied more and more, to the complete exclusion of any personal or social life whatsoever. This time, I was going to be “perfect” for my dead parents, to show them how wonderful I really was and how much they should be proud of me. This reached absolute culmination when, after receiving two doctorate degrees, I still had to continue with more and more exams and more and more training. Can you imagine anything so ridiculous? Even after my parents died, I was still trying to get their approval by showing them how brilliant and talented I was.
Many years later, I suddenly became critically ill, stopped breathing and lapsed into a lengthy coma. This was the culmination of years and years of unrealistic internal demands that I set on myself and which were manifested as addiction to perfection. It was only when I awakened from coma that I started on a new road and a new path. I was not superwoman; never was and never could be. Yes, I would continue to work hard and to achieve, but I could never be “perfect.” I am not and you are not. So, when I tell you to "Get over yourself" I mean that I had to get over myself. I had to address the demons of perfectionism and move past them. I accepted that I am a flawed human being, and acknowledged that I have certain real and wonderful strengths. I chose to concentrate on the strengths, and stop beating myself up for the weaknesses.
Life can be lived forwards, but can only be understood backwards... Soren Kierkegaard
Permabear Comes Out Roaring
Ben Berentson, >>>>>04.10.03<<<<<, 2:24 PM ET
NEW YORK - Peter Eliades has some choice words for investors expecting a big postwar market rally: "I would be amazed if we didn't see the Dow at 5,500 to 6,500 sometime this year."
http://www.forbes.co...1...o&referrer=
Perhaps you and Pete will be right this time.
The SPX <<<<< is the clearest for a short with a Stop at the recent weekly highs ...... ( daily chart )
Frac,
So I gather you are short. If so, what vehicle are you short? And from what level? Thanks.
mm
