Go to Jeff Salisbury LWGate Home Page.From: Ian <ianstm@shaw.ca>
Subject: Re: Psychological part of investing (was Re: [CANSLIM] Distribution Day)
Date: Thu, 12 Jun 2003 08:20:19 -0700
Next Article (by Subject): Re: Psychological part of investing (was Re: [CANSLIM] Distribution Day) Tomas
Articles sorted by: [Date]
[Author]
[Subject]
Hi Mike: CANSLIM, with its 'buy high, sell higher' philosophy fits perfectly with Mark Douglas's work -> as it flies in the face of everything we are conditioned towards to buy something today that was cheaper yesterday - as well as to sell something for $9 today, that we paid $10 for yesterday. These are, IMHO, the most difficult aspects of CANSLIM - NOT the analysis of fundamentals. For those who are not familiar with it, "The Disciplined Trader" attempts to analyze the emotional/analytical framework that most of us develop from society, and compare it against the one we need to trade successfully. It helps identify the how and why of 'watching the winners go by' and 'watching the losses pile up' that is so common to many traders. If you have any problems with the psychological/emotional side of trading (as most likely do after the last 3 years), it is a very good book. Cheers, Ian - ----- Original Message ----- From: "Mike" <PatternDT@SoftHome.net> To: <canslim@lists.xmission.com> Sent: Thursday, June 12, 2003 5:55 AM Subject: Re: Psychological part of investing (was Re: [CANSLIM] Distribution Day) > > I went to my bookshelf and pulled this book to recommend it during my > previous post, but didn't it because I thought it too trader oriented for a > CANSLIM group, it aint got much to do with analysis of fundamentals. , but > as long you brought it up :) > > The "The Disciplined Trader" has improved my trading more than any single > book so far, other suggestions please? It's writing style is not what I > would call typical, some will like it some won't. If you often find > yourself watching moves saying I knew it was going to do that, why didn't I > trust myself and do something about it, this book can be worth way more > than it's 25 bucks. > MikeM > > > > At 6/11/2003 09:18 PM, you 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 > > > - > -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.
Next Article (by Subject): Re: Psychological part of investing (was Re: [CANSLIM] Distribution Day) Tomas
Articles sorted by: [Date]
[Author]
[Subject]