I am in awe...

[Trader Question]

Each day it gets better or maybe its me learning more of P&L - but today as were the last couple days were amazing and today again - buying into support well ahead of the rally is just and incredible thing. There must be another more eloquent word but - WOW!!

D M

[pldot]

Chuckles..... Well, few understand what we have here....

[Trader Question]

a bit of a break thru yesterday for me or probably anyone else who has never experienced meeting a P&L target for the 1st time.

Hitting the daily Hi & lo is cool but I now "mentally & emotionally" accept the theory of P&L.
All I can say is I now accept that it works and what is possible to do.

I like your comment - I'd like to be "bored" trading

D M

[pldot]

Thanks for this. I'm pleased that you are "Getting It."
And of course you are right, the possibilities are very high and potential limitless.

[Trader Question]

After my amazement and self congratulations are over

This month so far has been a great learning experience not that this month is over by any means But I'm looking forward to next months numbers
which I'm be approaching in a whole diferent manner By knowing that the prognostication on paper is very "real" and can be relyed upon

I'm still trying to get that feeling that I "own" this knowledge - hopefully when I reflect upon it over the weekend - so far so good

DM

[Trader Question]

I quess what I'm trying to say is I see that P&L can take a person anyway from the normal day trading process of running in grabbing a couple of bucks and then wait for the next opportunity.

I personally do not delight in "the excitment of the trade" that burns you out emotionally quickly.

DM

[pldot]

==yes...

==this is right because the trading should become automatic and thus boring...

[Trader Question]

You, meaning an experienced P&L'er knew when the market turned up from the 700's that one day we would be at 900 + and probably 1000 before to long so - are you able to sit on a position for extended periods of time or even if its for a day - do you hold a position and wait for it to go to the estimated hi or lo.

DM

[pldot]

==this is a personal issue... During those times when I am good at it I note also a distinct shift in my general psychology to a place of patience, wisdom, detachment, etc. Can be done, certainly.

[nahiiii]

I quess what I'm trying to say is I see that P&L can take a person anyway from the normal day trading process of running in grabbing a couple of bucks and then wait for the next opportunity.???