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Unformatted text preview: On Becoming a Swing Trader Brett Steenbarger, Ph.D. www.brettsteenbarger.com The following was posted to the Spec List on 12/10/03. ==================================================== Well, it's been almost three months since I stepped down from my full-time counseling activities to pursue more-or-less full-time trading. In that time I've learned a lot and met with a modest degree of success. I'm running about 60% winning trades and managing to make money overall with more winning weeks than losers. So far, so good. Now you would think that this would bring encouragement from one's closest trading friend. Not at all. I recently received an email from a valued and distinguished friend/Spec telling me, in essence, that my trading was too frequent, in error, and headed for no good. My definition of a friend is one who perceives the best in you, and who wants the best for you. So I could not dismiss this feedback out of hand. If there's one thing I've learned in my brief trading career it's that closing your mind to events that disconfirm your expectations (and positions) is a...
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This note was uploaded on 08/11/2009 for the course FINANCE Fixed Inco taught by Professor Proflim during the Three '09 term at University of Adelaide.
- Three '09