thanks Gaweb, page-3

re: Madmacs Very good Madmacs - don't know about the other fruedian crapola at the end, however. But, as most are aware these are the issues and barriers traders face whenever a position is held or about to be executed. A highly talented technical analyst or fundamentalist with extremely deep pockets, probably can offord to blow a couple hundred thousand here and there. Unfortunately, my account doesn't exceed that far and thus I can not afford to go around blowing that type of money unecessarily.

Whether you are a daytrader, medium-term trader whatever, factors such as psychology and money management are more relevant than past performance charts (including intra-day) and company announcements and reports. Psychology and money management is performed on the fly i.e decisions must be made then and now and yields more in the longer. The main reason why these barriers are so important is because you are in control of the trade, not the trade contolling you.

It is so important to stay cool, logical and stick to the plan with every trade you make. Yeah, I know it is just rehash crap -- but a trader will be in better stead by sticking to the plan rather than wondering what has gone wrong, or even worse... hoping..

How often to I stick to my plan ? - now this is the hard bit but I am getting better. In 1999 - 20% of trades saw through the plan from open to close, year 2000 - 30% of trades, 2001 -60% of trades , 2002 - 80% of trades followed the plan from open to close. Bottom line is, it won't happen overnight, but it will happen. Perhaps NLP Programming may assist in regards to training the brain to trade. :)