Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Psychological part of investing (was Re: [CANSLIM] Distribution Day)
Date: Wed, 11 Jun 2003 18:18:22 -0700
Next Article (by Subject): RE: Re: [CANSLIM] breakouts to come "Harold Josephson"
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Tomas: An exceptional book that deals with the psychological aspect of trading is "The Disciplined Trader" by Mark Douglas. Perhaps they have it at your local library - that where I found it. Cheers, Ian - ----- Original Message ----- From: "Tomas" <tomas986@yahoo.com> To: <canslim@lists.xmission.com> Sent: Monday, June 09, 2003 8:03 PM 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.
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