Re: Psychological part of investing (was Re: [CANSLIM] Distribution Day)

From: Tomas <tomas986@yahoo.com>
Subject: Re: Psychological part of investing (was Re: [CANSLIM] Distribution Day)
Date: Wed, 11 Jun 2003 19:23:47 -0700 (PDT)
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Ian,

Thanks for the recommendation.  I'll look into it.

tomas

- --- Ian <ianstm@shaw.ca> wrote:
> 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"
> 
=== message truncated ===


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