Ask Colin

Two things I've noticed over the past few years since I attended your SIA course in March 99 that other people may be interested is that: a) Although you can tell people in your articles that this is what's going on, until you actually experience the market and its changing pattern formations it is pretty hard to explain in a textbook or article. Especially the psychology you experience and become a part of. e.g. Why I've always looked at the Newscorp chart thinking to buy but never actually buying and eventually a triangle formed in the process representing indecision. b) Whether it be snowboarding or trading you can tell someone how to do something but you can't teach courage to act.

Two things I've noticed over the past few years since I attended your SIA course in March 99 that other people may be interested is that:


a) Although you can tell people in your articles that this is what's going on, until you actually experience the market and its changing pattern formations it is pretty hard to explain in a textbook or article. Especially the psychology you experience and become a part of. e.g. Why I've always looked at the Newscorp chart thinking to buy but never actually buying and eventually a triangle formed in the process representing indecision.

b) Whether it be snowboarding or trading you can tell someone how to do something but you can't teach courage to act.

Much of what you say is very true. Psychology, or managing yourself, is one of the three great challenges in trading. Courage, as you call it, is overcome by building up your confidence. Confidence that you know what you are doing. This in turn comes from having some kind of plan for how you will trade that has been thought out and thoroughly tested. You have learned the analysis at the SIA. You now need to learn money management and psychology. My seminar or the trading camp are a great place to start.

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