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Monday, December 18, 2006

Market Versus Me or Market And Me



Gems Tv ~ Flag completion, supp 1.36 , target res 1.46







CapitalRetail ~ hanging by the tread, supp 1.74





CapitaLand ~ Positive divergence with rsi, supp 5.90 , target resistance 6.40. Possible warrant play with more leverage. More risk as well.


The average trader feels that trading the markets is a highly stressful occupation. Below are some actual questions we have received from active traders:

* How can I both enjoy trading and make profits trading the markets?

* Why am I so addicted to doing this when there are so many disappointments (losses)?

* How can I keep serenity inside myself and my loved ones while living in this turbulent world of the markets?

* How can I stop worrying so much in such a threatening atmosphere?

* Why do so many traders/investors lose money so consistently?

* How can I distinguish among all the hucksters who are hawking their wares as being theanswer, when none of them seems to last even a couple of years?

* Why does my broker give me such bad advice?

* Why do all the newsletters I read boast of such enviable track records, but when I start trading them, they lose money?

Even when we are winning, there is an under current of fear that the next trade will probably be a loser. We exhaust ourselves as we try to control the present and the future while our minds futilely search for ways to recreate the past. We yearn to trade while being more relaxed, calmer, more in control, and excited about trading. To most traders, the possibility of that kind of life seems like a long-lost dream. The joy of trading is gone, and our life is filled with stress. We have tried all the hotlines, newsletters, psycho babble, books, and private sessions. Our love ofthe market is wearing thin. Something is very wrong. But what is it? We often blame government action, bad information, surprising crop and corporate reports, and other vagaries of the market. But these are not the real causes of our distress and our constant struggle with the market. The answer lies at a deeper level. After much research and personal experience, I have come to the conclusion that those who approach trading with serenity rather than struggle-those who have looked beyond the confusion and mastered the art of "dancing with the market" are consistent winners.

(Excerpts from New Trading Dimension : How To Profit from Chaos)

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