|
PureBytes Links
Trading Reference Links
|
Several years ago, I read an article in the WSJ that listed the worst
investors by occupation. I remember the top three in order. They were
doctors, bankers and attorneys. There was some diagnosis about how each
group was trained and how their minds worked due to this training along
with peer teaching. As I recall, doctors were described as being very
unimaginative and only able to deal with things they could see and
grasp. *IF* there is any validity to this, you would seem to be trying to
break out of that pigeon holing. (I would like to state that I have no
idea if the story I am referring to is true or not and my life's
experiences do not necessarily substantiate such beliefs). I wish you well
in your endeavor
Oh... the top profession for investors was small businessmen.
Bob
At 11:17 AM 12/24/2002 -0800, you wrote:
>Hi,
> I'd be happy to discuss/debate your post , bobskc, below when we visit
>Sanibel Island later this week but in the meantime-- I graduated Magna Cum
>Laude, so what, from medical school and within 6 months of going into
>practice was nearly broke having overhead that was near exceding my income.
>Needing to do something desparate, I paid $30k (1980)to a consultant who not
>only changed how I practiced but changed more importantly 'how I thought'
>about practice. This company through tapes, personal consults, mentoring,
>newsletters, seminars, etc was able to change my deeply rooted previous
>parental imposed archaic thought process. Within 12 months my practice
>increased financially 10x but to me the most profound and important change
>was 'how I thought' about practice......so as it turned out, regardless of
>where I set up practice in the future (and in my vagabond life I've had 5
>separate practices in the last 22+ years), it was successful not because of
>'my magic touch'...au contraire....but because of 'how I thought' about
>treating patients and having a practice. They've found that the best
>physicians are not the 'A' students. 'C' students in the real world make
>better physicians(according to you and me the patient) than 'A'
>students...because of their better communication skills, patient rapport,
>yada yada.
> These discussion groups spend, it seems, 95+% of the time on system
>methodology and 5-% of the time on the psychological manifestations of
>trading. To my way of thinking it should in an ideal world be the opposite.
>I'm sure many 'A's would be given out on these discussion groups for the
>knowledge of methods and systems. Yes, I love to 'tweak' systems to death
>like everyone else. But is it really that last 'tweak' that is going to
>make a difference in our trading performance...probably not. If we were
>able to think about and perceive that potential trade in a different way,
>would that make a difference....probably much more so. It's easier though,
>to 'discuss' things that are 'outside' of us, ie systems, methods...much
>easier say than asking ourselves to think about and to internally change how
>we think, how we perceive our environment....we all squirm a bit over
>'broadening' our own envelopes.....but which in the end, ultimately, will
>make the largest bottom line difference in our trading? You can change how
>you think and what you think about...you just need to find the right content
>and source(and they're out there) and then implement it.
>
>Jim
>
>
> >Of course, we are all individuals so I can't speak for you but you are
>looking to be trained/taught something that >resides inside of you. It is a
>product of your upbringing. Your values. Your life's experiences. For
>someone else with >different ideas brought on by their own experiences would
>be most difficult to pass on to you, with yours. Even the >trading itself
>is, in part, a product of your personality and what works for me, may well
>not work for you since our >personalities and life's experiences differ.
>Only you can add to your emotional account since only you have the assets
> >and baggage which must be a part of any change in that area. In my
>opinion, you would be wasting your time and >money to attempt to bring in
>alien concepts to your landscape. I do wish you well in your quest.
>
> >>Bob
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>
>To unsubscribe from this group, send an email to:
>realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
>Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|