| Stock Trading Wisdom Denial Investors |
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| Wednesday, October 11, 2006 |
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Stock Trading
If you trade stocks online, invest in stocks, trade the stock market, looking for advise on how to trade stocks effectively and looking for the tools to effectively trade the stock market. Including the right tools to research for investing, or day trading or swing trading. Including but not limited to penny stocks and high beta momentum then this tutorial is for you. Technical Analysis Update
THE DEATH OF DENIAL
October 7, 2006
The worst lies are the lies we tell ourselves. We live in denial of what we do, even what we think. We do this because we are afraid...Richard Bach
Why do we run from the truth? What makes us close our eyes and bury our heads in the sand rather than face what appears to be a harsh reality? Why are we compelled to cling to dysfunctional relationships and losing stock positions in the midst of increasing drawdown of our mental, emotional, physical, financial and spiritual capital?
We act this way because we are driven by hope. We behave in a certain manner because we want to believe that, somehow, somewhere, sometime, things will get better. We refuse to cut losses in our personal lives and portfolios because it is an admission that we are wrong, that we can't make good decisions and we will have to say goodbye again. The final saying goodbye to someone or something for which we yearned, lusted and made our own is painful. We cherished this as a possession, believed that everything would be fine if we were a little more patient, held on just a little bit longer and kept doing everything we could to make it right while, every day, we were dying slowly inside.
People have been coming to me with "problems" for nearly 30 years. Bad jobs, hideous and abusive relationships, childhoods from hell, depression, self-destructive behaviors, addictions, compulsions, anxieties, phobias and the devastating consequences of undisciplined and massively risky trading. It's always about what's wrong. After all, why go to a shrink or a trading coach if things are wonderful? Why celebrate the positive aspects of one's life when there is so much misery and despair? Why bother to take personal responsibility when it is easier to remain in victim mode?
My monthly Trading Doctor Newsletter was born out of these experiences, strengths and hopes...both yours and mine. No matter what, we are always determined to "fix" the problem, to make the pain go away, to stay with the losing relationship or the underwater position because we "know" that everything is going to be fine if we just keep working on it. It will be OK. The person we love will change and the stock will come back. Forget about the fact that it is ruining our lives, that we can't eat, sleep or exercise properly and can't remember the last time we felt any semblance of serenity or joy. Just deny that the whole thing is happening and everything will, like some magic trick, turn out just fine. Won't it?
Denial ain't just a river in Egypt... attributed to Mark Twain
1. RISK
2. REACTION
3. THE TYPE OF MARKET WE ARE IN--VOICE UPDATE WILL GO OVER All THESE CHARTS
4. AND I WILL GO OVER ALL OUR STOCKS IN THE VOICE OVER
LRCX AFTERHOURS TRADING--CLASSIC PUMP AND DUMP ACTION BUT I HAD NO IDEA THAT CRAMER WAS GOING TO GIVE AN UPGRADE AND PREDICT MANY MORE TO COME
YHOO--LEADER OF THE TECHLESS RALLY "Hit's New 52 Week Lows Again Today"
LM
AA
DNA
OIL
BLUD
I just wanted to let you know that the CSSGX, managed by Duncan Hurst, is not an index fund based on the IBD 100, although there’s overlap. It is an actively managed fund that buys stocks that fit the CAN SLIM criteria. They have licensed the “CAN SLIM” name but they are not affiliated with IBD. IBD has no involvement in how the fund is managed, etc. I don’t know whether this fund could be used as a gauge of the health of top growth stocks. But it is disappointing to see that it’s not even matching the broader market.
Thank you very much. I hope everything is going well with that spectacular house. Keep up the good work.
Subscriber..........(private info)
(The person who sent me this email is very reliable in my opinion because it's a subscriber that has an IBD email address, so they would know better than me).........plus my great house comments, so true......hehe (so how could they be wrong...hehe)
SMH
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