Go to Jeff Salisbury LWGate Home Page.From: Bill Triffet <btriffet@earthlink.net>
Subject: Re: RE: [CANSLIM] Distribution Day
Date: Tue, 10 Jun 2003 08:57:27 -0700 (PDT)
Next Article (by Subject): Re: Re: [CANSLIM] Stop losses and DHI "Bill Triffet"
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I found a very interesting look into emotional self control and trading was covered in, " New Market Wizards" by Jack D. Schwager. Covered many aspects of the mental side of trading in interviews with successful traders. Highly recommend it. - -- Bill - -------Original Message------- From: "Edward W. Gjertsen II" <ed@macktracks.com> Sent: 06/10/03 08:32 AM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Distribution Day > > If you spend time in any one area of developing an investment strategy - spend the most on your mental frame of mind. I often use a golf analogy when describing this. The best PGA/LPGA players are not always separated by skill, they are separated by their mental focus. Control of your emotional state will be the biggest challenge in your trading/investing. Emotional balance will be key to your success. Ed Gjertsen II ed@macktracks.com Confidentiality Notice: This e-mail message, including any attachments, is for the sole use of the intended recipient(s) and may contain confidential and privileged information. Any unauthorized review, use, disclosure or distribution is prohibited. If you are not the intended recipient, please contact the sender by reply e-mail and destroy all copies of the original message. - -----Original Message----- From: owner-canslim@lists.xmission.com [mailto:owner-canslim@lists.xmission.com] On Behalf Of Tomas Sent: Monday, June 09, 2003 10:03 PM To: canslim@lists.xmission.com Subject: RE: [CANSLIM] Distribution Day Ed, Thanks for the info. I definitely keep an eye out for your market analysis. As for the psychological part of investing, any advice would be appreciated. This is the toughest part. Sometimes, it seems like you lose (feel bad) even when you win (made a profit, but realized you sold to early and stock is still going up). Regards, tomas - --- "Edward W. Gjertsen II" <ed@macktracks.com> wrote: > There is a we. We are an SEC registered Investment > Advisor and > Broker/Dealer. Our firm started in 1986 and is > located in Glenview > Illinois (about 20 minutes North of Chicago.) There > are two principles, > Steve Mack and myself. We have a staff of 4 and 10 > brokers in the state > of Illinois. We service approximately 800 clients > and advise on $125 > million worth of assets. > > I have moved away from getting too specific on > individual stocks and try > to keep my opinions to the general market and the > psychological battles > we all face as investors. I have found this to be > one of the most > intelligent and vibrant "virtual" brain trusts out > there. You are > fortunate to have found this group. > > Ed Gjertsen II > ed@macktracks.com > > > Confidentiality Notice: This e-mail message, > including any attachments, > is for the sole use of the intended recipient(s) and > may contain > confidential and privileged information. Any > unauthorized review, use, > disclosure or distribution is prohibited. If you > are not the intended > recipient, please contact the sender by reply e-mail > and destroy all > copies of the original message. > > > -----Original Message----- > From: owner-canslim@lists.xmission.com > [mailto:owner-canslim@lists.xmission.com] On Behalf > Of Tomas > Sent: Saturday, June 07, 2003 4:54 PM > To: canslim canslim > Subject: Re: [CANSLIM] Distribution Day > > Ed, > > I noticed that you always say "we". It sounds like > you are involved with some kind of group > investments. > I went to www.macktrackes.com and really did not get > too much information. If you do not mind, can you > tell me a little about the "we"? > > I am new. > > Regards, > tomas > > --- "Edward W. Gjertsen II" <ed@macktracks.com> > wrote: > > We briefly touched 20%+ return for the year early > > this morning. Given > > today's action, it may be awhile before we see > that > > number again. While > > the weekly charts will look like an accumulation > > week, today's action > > was very poor. Our view is as Microsoft goes, so > > goes the market. > > Because Microsoft is such a major element in all > > market indices (DJIA, > > SPX, NASDAQ), its performance has a profound > effect. > > It just completed > > what we think is a reverse cup-and-handle - pretty > > bearish pattern. It > > rallied to its 50DMA this morning then collapsed. > > > > > We were up 2.5% earlier in the day and wound up > > losing 0.18%. We joked > > in the morning to "liquidate" the portfolio and > walk > > with the gain, I > > hate humor. Be very guarded over the next couple > of > > days. Do not let > > the market take you out of strong positions. Each > > of your positions > > should stand on their own. We may see some bases > > forming in here which > > will present opportunities for purchasing 2nd or > 3rd > > stage bases. > > > > I hope you all have a great weekend. Over the > next > > couple of days, say > > "Hi" to Tom in your own way. He would have > enjoyed > > this move. I miss > > his humor, insights and VR Fund. > > > > Take care all. > > > > Ed Gjertsen II > > ed@macktracks.com > > > > > > Confidentiality Notice: This e-mail message, > > including any attachments, > > is for the sole use of the intended recipient(s) > and > > may contain > > confidential and privileged information. Any > > unauthorized review, use, > > disclosure or distribution is prohibited. If you > > are not the intended > > recipient, please contact the sender by reply > e-mail > > and destroy all > > copies of the original message. > > > > > > > > - > > -To subscribe/unsubscribe, email > > "majordomo@xmission.com" > > -In the email body, write "subscribe canslim" or > > -"unsubscribe canslim". Do not use quotes in your > email. > > > __________________________________ > Do you Yahoo!? > Yahoo! Calendar - Free online calendar with sync to > Outlook(TM). > http://calendar.yahoo.com > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your > email. > > > - > -To subscribe/unsubscribe, email > "majordomo@xmission.com" > -In the email body, write "subscribe canslim" or > -"unsubscribe canslim". Do not use quotes in your email. __________________________________ Do you Yahoo!? Yahoo! Calendar - Free online calendar with sync to Outlook(TM). http://calendar.yahoo.com - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email. > - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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