TDs Journal

trendie · Oct 1, 2008, 4:34pm

cant believe TD is a mere mortal, just like the rest of us!

dont worry, TD. believe it or not, the fact you make mistakes and take losses, and are still in the game, should be far more reassuring to newbies and experienced traders than the ones who swagger onto T2W saying how they are so clever that they never have losses.

I can relate to taking a knock to the confidence. but you just have to keep playing, dont you?

options · Oct 1, 2008, 5:14pm

I know you like Livermore m8. But you DON'T HAVE to copy him.

There isn't anyone alive who hasn't made stupid mistakes. Traders tend to make a lot more than the average person. Just goes with the territory I guess.

Now put that gun down and get back to it!

MrGecko · Oct 1, 2008, 5:27pm

I am going to take the contrarian position.

YOU W*&(@R.

trader_dante · Oct 1, 2008, 5:36pm

F off Gecko.

All jokes aside, I got a little bit over confident and the market found me out.

The combination of a big risk, a "spanish stop" and the desire to "come back" was good for a severe beating from the market.

But a healthy dose of humilty is good for all of us, right?

keano · Oct 1, 2008, 5:38pm

"Spanish stop" .......

Your timing is, as usual, impecible....He has just been singing your praises over on his ET thread. "Best trader in the world" no less!

Anyway. Great journal. Just a bumb in the road. Get back on the horse and ill come back and check it again in a few weeks.

good luck.

bongofury · Oct 1, 2008, 6:43pm

ouch

sorry to hear that. we've all done it.

i guess you said it all you changed your own rules

0007 · Oct 1, 2008, 7:24pm

We've all been there. Or are due to.

grimweasel · Oct 1, 2008, 8:42pm

Top marks for admitting this Tom. It's reassuring, in a way, to see that a good teacher like yourself ,still has the balls and humility to admit his error on such a public scale. A truly brave move that I think will do you the world of good in the long run. A true example to all on how to deal with the 'curve-balls' that the market randomly delivers from time to time.

If it's any consolation Tom, John Authers in the FT's Short View toady was reporting that event (congress no-vote) as the true 'Black Swan' of this whole crisis so far. No-one saw this rejection coming and it's probability existed outside the scope of the prediction models (Gassuim Bell Curve et al). So, I bet you were not the only big trader to suffer this fate at all. Draw a positive from it; a learning experience. This is how we gain credibility and strength as Traders. Learning about ourselves and our flaws!

Best of British,
Grim

Oct 1, 2008, 4:34pm	#89
trendie Legendary Member Member Since Jan 2004 5,680 Posts	Re: TDs Journal cant believe TD is a mere mortal, just like the rest of us! dont worry, TD. believe it or not, the fact you make mistakes and take losses, and are still in the game, should be far more reassuring to newbies and experienced traders than the ones who swagger onto T2W saying how they are so clever that they never have losses. I can relate to taking a knock to the confidence. but you just have to keep playing, dont you? __________________ # If the only tool you have is a hammer, you tend to see every problem as a nail - Abraham Maslow # There are 10 kinds of people in the world; those that understand binary, and those that dont. -Anon # Ed Seykotas Whipsaw Song http://www.youtube.com/watch?v=LiE1V...Wlxk8&index=10 # Defeat is temporary. Giving up makes it permanent. Anon

Oct 1, 2008, 5:14pm	#90
options Legendary Member Member Since Jul 2001 2,378 Posts	Re: TDs Journal I know you like Livermore m8. But you DON'T HAVE to copy him. There isn't anyone alive who hasn't made stupid mistakes. Traders tend to make a lot more than the average person. Just goes with the territory I guess. Now put that gun down and get back to it! __________________ http://www.trade2win.com/boards/truth/ "Adapt or die!" Said the Coackroach to the Dinosaur. Beware of false signals bearing gifts. "I have seen the enemy...and it is me." Follow the path of least resistance.

Oct 1, 2008, 5:27pm	#91
MrGecko Banned Member Since Nov 2007 2,822 Posts	Re: TDs Journal I am going to take the contrarian position. YOU W*&(@R.

Oct 1, 2008, 5:36pm	#92
trader_dante Legendary Member Member Since Aug 2005 4,541 Posts	Re: TDs Journal F off Gecko. All jokes aside, I got a little bit over confident and the market found me out. The combination of a big risk, a "spanish stop" and the desire to "come back" was good for a severe beating from the market. But a healthy dose of humilty is good for all of us, right? __________________ Lessons from successful traders: http://www.trade2win.com/boards/firs...l-traders.html Increasing trader performance: http://www.trade2win.com/boards/firs...rformance.html Advice for getting a job in trading: http://www.trade2win.com/boards/gene...b-trading.html Last edited by trader_dante; Oct 1, 2008 at 5:41pm.

Oct 1, 2008, 5:38pm	#93
keano Senior Member Member Since Sep 2003 327 Posts	Re: TDs Journal "Spanish stop" ....... Your timing is, as usual, impecible....He has just been singing your praises over on his ET thread. "Best trader in the world" no less! Anyway. Great journal. Just a bumb in the road. Get back on the horse and ill come back and check it again in a few weeks. good luck.

Oct 1, 2008, 6:43pm	#94
bongofury Senior Member Member Since Apr 2008 117 Posts	Re: TDs Journal ouch sorry to hear that. we've all done it. i guess you said it all you changed your own rules

Oct 1, 2008, 7:24pm	#95
0007 Legendary Member Member Since Jun 2005 1,647 Posts	Re: TDs Journal We've all been there. Or are due to. __________________ 0007 - "A Gentleman should not be seen before mid-morning unless he is returning home from the night before"

Oct 1, 2008, 8:42pm	#96
grimweasel Senior Member Member Since Feb 2007 485 Posts	Re: TDs Journal Top marks for admitting this Tom. It's reassuring, in a way, to see that a good teacher like yourself ,still has the balls and humility to admit his error on such a public scale. A truly brave move that I think will do you the world of good in the long run. A true example to all on how to deal with the 'curve-balls' that the market randomly delivers from time to time. If it's any consolation Tom, John Authers in the FT's Short View toady was reporting that event (congress no-vote) as the true 'Black Swan' of this whole crisis so far. No-one saw this rejection coming and it's probability existed outside the scope of the prediction models (Gassuim Bell Curve et al). So, I bet you were not the only big trader to suffer this fate at all. Draw a positive from it; a learning experience. This is how we gain credibility and strength as Traders. Learning about ourselves and our flaws! Best of British, Grim __________________ Frequently, one maintains a healthy account balance by being out of the markets and doing nothing. Just know when that time is!

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