"Trading is about stalking your specific entry signal, being able to execute what you see, the conviction to weather the inevitable test of entry pullback, and trusting that you can manage the trade no matter what. The whole process is psychological. You cannot afford to have self-doubt, but must execute".
"Much of day trading is having the ability to get beyond the noise, the talk and the smoke. You must find a way to get beyond all the head fakes". Howard Abell
“The way people eat today is sick,” laments Mr. LaLanne. “Would you even feed your dog a cup of coffee and a doughnut in the morning?” Mr. LaLanne has many favorite sayings when it comes to diet: “Everything nature’s way.…If man makes it, don’t eat it.…If it tastes good, spit it out.…The food you eat today you’re wearing tomorrow.” He lives by all of them. “Before I eat something I ask ‘What is it doing for me, the most important person on Earth?’ ”Mr. LaLanne only eats two meals per day: One at 11 a.m. after his workout and one at 7 p.m. at a restaurant with his wife.
His 11 a.m. meal consists of three to four hard-boiled egg whites, a cup of broth-type soup, oatmeal with soy milk, raisins and a plate of seasonal fruit.
“Every restaurant we frequent has the ‘Jack LaLanne salad’ which is ten raw vegetables and four egg whites hardboiled,” he says. “I make them throw the fat and cholesterol in the yolk away and you’re left with the best protein known to man. Four egg whites have the same amount of protein as one pound of steak but only 60 calories compared to 1,000 calories.” Mr. LaLanne eats fish nearly every night at dinner. The only other meat he eats is roast turkey. He doesn’t snack between meals.
With dinner he drinks wine — a mix of white zinfandel and red. “French people live the longest and they have wine with lunch and dinner every day,” he says. “Americans drink milk instead. Milk is for a suckling calf. How many creatures still use milk after they’re weaned? Man.”
Managing too many trades isn't going to work. Focus on a few high probability set-ups and not try to dance between raindrops!
I am an obedient servant to my system. I am fully aware of the uncertainty of professional day trading, yet, I must always act with certainty! I must spurn the wailing of fear and greed, and never form opinions at the point of action, or neglect the invitation of my signal. But like a robot, mechanically execute!
Like a fine wine, "You must have the patience to let the trade marinate, the discipline to wait for a low risk entry, and the conviction to act once the opportunity manifest itself".
Excerpted eyalmaoz.com/trader/archive
The DIM (Do It Myself) Process
is, by comparison,
risky and ineffective.
www.seykota.com
1. Divide your trading capital into ten equal risk segments 2. Use a two-step order process
3. Don't overtrade
4. Never let a profit turn into a loss
5. Trade with the trend
6. If you don't know what's going on, don't do anything
7. Tips don't make you any money
8. Use the right order to get into the markets
9. Don't be whimsical about closing out your trades
10. Withdraw a portion of your profits
11. Don't buy a stock only to obtain a dividend
12. Don't average your losses
13. Take big profits and small losses
14. Go for the long pull as an outside speculator
15. Sell shorts as often as you go long
16. Don't buy something because it is low priced
17. Pyramid correctly, if at all
18. Decrease your trading after a series of successes
19. Don't formulate new opinions during market hours
20. Don't follow the crowd - they are usually wrong
21. Don't watch or trade too many markets at once
22. Buy the rumor, sell the fact
23. Take windfall profits when you get them
24. Keep charts current
25. Preserve your capital
26. Nothing new ever occurs in the markets
27. Money cannot be made every day from the markets
28. Back your opinions with cash when they are confirmed by market action
29. Markets are never wrong, opinions often are
30. A good trade is profitable right from the start
31. As long as a market is acting right, don't rush to take profits
32. Never permit speculative ventures to turn into investments
33. Don't try to predetermine your profits
34. Never buy a stock because it has a big decline from its previous high, nor sell a stock because it is high priced
35. Become a buyer as soon as a stock makes new highs after a normal reaction
36. The human side of every person is the greatest enemy to successful trading
37. Ban wishful thinking in the markets
38. Big movements take time to develop
39. Don't be too curious about the reasons behind the moves
40. Look for reasonable profits
41. If you can't make money trading the leading issues, you aren't going to make it trading the overall markets
42. Leaders of today may not be the leaders of tomorrow
43. Trade the active stocks and futures
44. Avoid discretionary accounts and partnership trading accounts
45. Bear markets have no supports and bull markets have no resistance
46. The smarter you are, the longer it takes
47. It is harder to get out of a trade than to get into one
48. Don't talk about what you're doing in the markets
49. When time is up, markets must reverse
50. Control what you can, manage what you cannot
by William F. Eng.
“Empty your mind, be formless. Shapeless, like water. If you put water into a cup, it becomes the cup. You put water into a bottle and it becomes the bottle. You put it in a teapot it becomes the teapot. Now, water can flow or it can crash. Be water my friend.” — Bruce Lee
He Feels The Passion Rising and
so he stops, politely excuses himself
and goes home to analyze it all.
www.seykota.com
It is wonderful that blogging attracts common interests, but first and foremost, it must serve as an artist's canvas in unlocking our intellectual creativity. 
"There should always be respect for the person on the other side of the trade. Always ask yourself: Why does he want to sell? What does he know that I don't?" ~ Michael Steinhardt
When too much information is amassed, a person is unable to internalize pertinent data necessary for rapid fire decision making. When one is unable to process the mass amounts of information, inaction occurs.
Friends
typically give advice, cheer each other up and help protect each other from experiencing "bad" feelings.
Blog members assist each other to fully experience k-notty feelings and to find their positive intentions.
Moral: Trend Trading tends to keep you out of the markets, and safe during severe declines.
10 - Put all of your efforts into finding the perfect technical indicator. Once you find this magical indicator, it will be like turning on a water faucet. Go all in. The money will just flow into your account!
