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Hi Janice,
"The Power of You" is a wonderful graduated
piece of intelligence and wisdom. To be right in
the "midst" and of service to people's lower 3D
is a wonderful sacrifice for true prosperity.
Helping them wash their vision along with the
mind and emotion takes a very "heart felt"
woman. I also feel honored having you share the
reflection of your passion. The challenge was
worth it!
There is much work we get to do. It is Love Made
Visible and you are. Hopefully we can meet
before we go home.
Much Love & Light,
Dean!
Dr. Dorn,
Hi I met you at the Wealth Protection seminar in
Tempe. I asked a question and made a comment
about my education being my greatest investment.
You made a point to seek me out afterwards and
give me some encouragement. I just wanted to
send you a note of thanks.
I have listened to the Quantum Super Cycle
Rollover CD set two times in the short amount of
time since I received them, several more times
for some parts. All I can say is WOW!!!! It has
helped me greatly understand why we are where we
are, and what I need to do going forward. The
amount of research and thought that went into it
gives it a rock solid foundation of indisputable
fact that leads to the obvious conclusion of
where we must go next based on high percentage
probabilities. Then a chart or road map is given
on how best to weather the coming storm. Really
a magnificent piece of work that I am ever so
grateful to have come across. I cannot thank you
enough for this gift of knowledge. Either way
fantastic work.
I really appreciate all you do for others.
Thanks ever so much!
Yours with gratitude, Kyle M.
Hi Dr Janice,
Its been quite a long time since I wrote you and
thought of sending you a note. I keep
remembering about all the topics that we
discussed quite often nowadays. It seems like
all the ideas and beliefs that we discussed are
getting strengthened.
Last year was the first year in my trading
history of 9 years that I had a profitable year
and didn't have a single losing month after
starting your coaching. Want to thank you for
the incredible amount of support and change you
brought to my trading and my life.
Keller James---a grateful coaching student!!
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Hi Doctor Janice,
An important lesson for me this past year is
that when I trade a good set up I win. My trades
were solid wins, if ever I was in the red it was
brief. These trades are the reason that I have
money. So I must trade the setup only.
When I started trading I wanted to match my
salary up to the present I am at 57% YTD profit
of may annual salary.
Thanks for listening.
Best, Z.K., USA
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Hi Janice,
In your latest newsletter, you refer to an “AHA”
moment. I have had many such moments since I
began following your coaching advice but none
better than the last time we talked.
You asked me what made a good stock. I have
always focused on management and assets etc. but
when you stated that a good stock is a stock
going up in price, a light finally went on for
me. I was more committed to the management and
my research than I was to making money.
Since that conversation my trading has become
very peaceful. My portfolio is up 18% since the
first of September.
I want to again thank you for your considerable
help….my family and I very much appreciate it.
Best wishes, L.H., Canada
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Doctor Janice----
I just wanted to drop you a note and let you
know that my total portfolio is up 38% since our
last email exchange. I listened to what you
said, and practiced walking away from the
computer and actually letting my trading plan
and strategy work for me! Thanks for all you do!
Tommie J, Alabama, U.S.A.!
Janice,
The biggest factor in my process has been to
shut down the thinking process. As in
relationships, I over analyze what is going on
and have been doing the same in trading just as
you have indicated to me. I've been getting the
mind to just shut up and put on the orders and
let the market do its thing as well as letting
the relationship go where it will. I have been
using the simulation trading as there have been
some problems with the data feed on the live
trading, however, when that is resolved, I'll be
putting up and shutting up the brain. I've
applied the same process to the relationship and
feel much happier. Thank you for your insight.
That one incredible insight on your part may
have just unleashed the kick ass trader in me.
Thank you!
BD
Hi
Janice,
I want to thank you for the conversation we had
on Tuesday. When I got up this morning the first
thing I did was to look at my charts for the S&P
and the Nasdaq. They looked a little soft but I
didn't think too much about it. However, when
the US trade deficit numbers came out, gold
started lower, the futures went down and the US
dollar went up, I decided that perhaps I should
buy SDS and QID today. I made that decision
based on the fact that with the US dollar going
higher the Canadian dollar was headed lower and
I decided to buy today and take advantage of the
fact the C$ was still relatively strong.
I had to go out this morning and when I returned
I found your email about the bear flag.
Essentially what happened was that I ended up
$1100 US on my transactions today and turned
what would have been a 1% loss into a loss of
about .33%
Thank you so much for helping me and my family.
Best wishes,
Larry H. (Vancouver, British Columbia)
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Hi
There, I found 'The trader as hero' to have
substantial resonance. I can only hope those who
are endevouring to achieve success in the
markets measure themselves against your Hero and
can perhaps see a way to move forward or to
realise they are simply not there nor heading in
that direction and it's time to call it quits.
Thanks for a good read and I look forward to
more. …
Cheers, Kaldane
Janice, its me Walter from
TradersLaboratory, I want to say thanks again
for such great contributions ¡¡ you know, when I
started trading some 11 years ago I did not know
how to manage my nerves to the point I did have
a nervous breakdown with "panic attacks"... so I
know what you mean when you say high pressure,
higher heart beat, no breath, sweat, etc...(even
thought
I was only 26) So I had a psychiatrist treating
me and I turned to God (evangelical
church)... changed my life and my trading too ¡¡
Now this article of yours brings light to what
was the process I came thru all this years till
becoming good without knowing that my brain
actually was doing that... enlightening material
Janice ¡¡ thanks so much for your generosity and
may God bless you ¡¡ also enjoy your vacations¡¡
cheers Walter…
Walter
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Janice: Enjoyed your newsletter; it set
me thinking. One has to be prepared in a bull
market to suffer a loss of 4 to 7 percent at any
time; which, in a large portfolio, could easily
mean a loss in a single day of 30 to 40 thousand
dollars. If you can't handle some loss, you
can't win and you shouldn't play. I personally
never have sleepless nights. Have some kind of
strategy, have it honed down to perfection, and
stick with it yet keep it evolving. Learn every
day, even after thirty or forty years of
trading; don't repeat the same mistake twice…
Steve, Phoenix, AZ
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Addiction to Perfection
-- This article tells me that there is no place
for perfectionism in the markets. It is
irrational and demoralizing and will eventually
set me up for failure. No trader can honestly
say that he/she places perfect trades each and
every time and has never sustained a loss.
More importantly, losses are inevitable so the
most important aspect is how to take a loss,
learn from it and move on. I also like the note
that perfectionists are MADE not BORN. This
tells me that I can learn to strive for
excellence in trading versus perfectionism. I
also think that as a perfectionist, I'm not
allowing myself to grow and really learn about
myself. This is because perfectionists, in my
opinion, do not allow themselves to experience
life to the fullest because something might come
up that's not in the plan or they might actually
experience defeat or setbacks in life. As far as
trading is concerned, my perfectionist habits
stand in the way of me learning about myself as
a trader, experiencing losses and learning how
to deal with them and ultimately making that
progression towards becoming an excellent
trader.
As I Lay Dying
- This article scares me because I could see
this happening to me. I feel that I always need
to have the answers for everyone and be
everyone's rock. Even when I don't have the
answers or don't have the ability to be the
rock, I still find a way to not let anybody
down. I honestly believe that this wreaks havoc
on the body. I can acknowledge that toxins and
free radicals are probably responsible for a
multitude of illnesses in this world, but sadly
not recognized as such. This explains why I am
always sick even though I live to work out and
eat healthy. My husband always says he doesn't
understand how/why I can be sick at least once
per month. The biggest lesson that I will take
away from this article is that in order to
succeed in any of my pursuits I first have to
accept that I am only human and then start on a
path of spiritual, physical and emotional
cleansing.
I've been pouring through so many articles today
and I'm loving every minute of it. Thank you so
much for all that you do! A.D., Arizona
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Hi
Doctor Janice!
Thank you for the speedy report on the
Elementary Trader Personality Test! I must admit
that your analysis is revealing and somewhat
correct, but then none of us mortals are willing
to admit to any neuroses that we may be
subjected to as we inadvertently participate in
an overt display of this task called trading. I
am convinced that markets are: life synthesized
in a behavioral sphere called humanity in
action. As a matter of fact I have once read a
passage in the Bible where all you had to do was
replace the word "God" with "market" and all
statements were more than fitting in their
descriptions. I am not suggesting that man
should start worshipping the markets but history
has shown that many traders have become more and
more religious as displayed in their greater
propensity to pray.
I am sure, my dear Dr. Janice, that the real
neuroses displayed in my results you have
concealed so as to protect the guilty :o).
Nevertheless, a good feedback never hurt anybody
and is fodder for good conversation.
Well that was very thought provoking. Personally
I feel that the element of love plays a big part
in the markets as it tends to explain some of
the traders' behavior. If you interpret the
markets as the highest form of authority then
trader's relationships become very transparent
depending on their past parent-child
relationship. As much as we were never created
with the intention of being a trader it's
amazing how much we learn about ourselves in our
quest to master the trade. It's as if we were
given our human characteristics on purpose to
test our ability to learn the necessary skills
to become a better trader and in turn a better
human being.
I am very intrigued in seeing your next test as
I believe it will give me a better insight into
my personality so please hurry and make it real.
Many thanks Dr. Janice. Thank You, Dr.
Janice! Adam
Adam Kaye is Lead Instructor/Mentor for
the Online Trading Academy, Middle East. He is
based in Dubai, United Arab Emirates
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I
received all of your emails. I can't thank you
enough. You inspired me to buy breathing and
meditation DVD's. Since receiving your email I
tried Savasana. I will do it every other day
(after yoga). I know it takes a while to clear
your mind and let go completely. My body is so
tight from being in pain. I will keep at it and
let you know what happens (I'll give it a
while). Before the car accident I was in great
shape, I worked out with a trainer, I did yoga
and pilates. I am not in bad shape I am in
terrible shape now (I am not being negative,
just letting you know about my condition). I
plan on working very hard to relax. It sounds so
easy to do it amazes me how hard it is to clear
your mind and just let go!
Thank you Dr. Janice for your guidance and help.
You are so kind! Debbie M.
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Janice-
I have to tell you, I sent my mom to your
website to read your "Addiction
to Perfection" article. My mom owns 3
businesses, one of which is an interior
decorating business for which she does all of
the custom sewing. She is the epitome of a
perfectionist! She is incredibly hard on
herself, always seeking better and more. My
brothers, sisters and I have been telling her
for years that she is going to run herself into
the ground if she doesn't take time out for
herself, she never listens! A few weeks ago my
mom came down with a severe case of shingles,
which has at least slowed her down a bit. Her
doctor and our family have now talked to her
again about the fact that Shingles was brought
on by stress and demanding too much of herself.
I think she is finally starting to get it, but
she is used to being the go-to person for
everything and has a hard time telling anyone
"No." My hope is that she can learn to do things
for herself! My mom read the article and emailed
me afterwards to tell me that she was still
wiping tears from her eyes as the article really
hit home! Thank-you for writing "Addiction to
Perfection." It has certainly helped me and my
Mom (I hope) put things into perspective!
P. Miller -- Iowa USA
Jan, finished reading the article you wrote on
"So you think you can trade"...Girl, you are so
talented!!! This article can qualify for ANY project presented. I am certain
the stock market benefits because of your
talent, but I can't help but wish you had the
time to present this profundity to all the needy
losers in life that could benefit from your sage
advice. Loved your humor "Good trading and brain
on" Best of everything to you. Marge
L. -- Milwaukee, WI
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The Importance
of Market psychology
Fortunes have been made by marketing geniuses in
the last few years, telling people the problem
with their trading is not their system or
indicators... but their psychological mindset
and quirks. For the most part these people are
what I call Psycho-Babblers, people with a
limited degree of education in psychology and
practically no experience in the markets. I
would name names, but the list would be too
long!
I will never forget being at a traders Expo in
Las Vegas, where some would be psychological
trader guy was billing himself as a samurai
warrior, dressed in costume, playing the role of
trader, warrior and guru.
Little did he realize that the fellow in the
booth next to him was a world champion ultimate
fighter… the two of us laughed at the antics of
Mr. Samurai, who, to paraphrase a great line was
all Kimono and no punch.
One of the real deals of the psychological
aspects of the market is Dr. Janice Dorn.
Consider this little excerpt from a recent
writings
“Among the most difficult things a trader
can do is to change his or her mindset. If you
are frozen in fear, then you will do nothing.
That is your choice and it may be what works for
you. There are traders who justify everything by
saying that they were glad they did nothing. So
be it. But, if you are in the markets to do
nothing, why are you in the markets at all?”
Janice carries not only an MD but also a Ph.D.
in psychiatry… better yet, though. She brings to
the table years of experience as a trader, so
she knows the pain pressures and agonies that
people like you and I go through. Yet she can
understand these in terms of the physiological
and chemical changes that go on within us. You
may wish to visit her website http://www.thetradingdoctor.com.
You will be in good hands with her unlike many
of the psychobabble artists out there.
Larry Williams--
www.ireallytrade.com
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Hi
Janice,
I want to thank you for the conversation we had
on Tuesday. When I got up this morning the first
thing I did was to look at my charts for the S&P
and the Nasdaq. They looked a little soft but I
didn't hink too much about it. However, when the
US trade deficit numbers came out, gold started
lower, the futures went down and the US dollar
went up, I decided that perhaps I should buy SDS
and QID today. I made that decision based on the
fact that with the US dollar going higher the
Canadian dollar was headed lower and I decided
to buy today and take advantage of the fact the
C$ was still relatively strong.
I had to go out this morning and when I returned
I found your email about the bear flag.
Essentially what happened was that I ended up
$1100 US on my transactions today and turned
what would have been a 1% loss into a loss of
about .33%
Thank you so much for helping me and my family.
Best wishes,
Larry H. ( Vancouver, British Columbia)
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Hi
Janice:
I have read, re-read etc. your wonderful article
"When
It All Falls Apart". The only
difference between you and I is that my
meltdown, crash & burn is a few levels below
yours (believe it or not).
Its amazing that no so called professionals,
service, programs, trading manuals etc.
emphasize THE most important factor of being a
successful trader...trading is at least 80%
mental & if you don't get it right in your head
you can re-invent the wheel & you will still be
a looser!
Fast forward to the present. I now have my
mental fundamentals degree & am so close to
becoming a good day trader (S & P). Have been
doing this for a long time & there seems to be a
missing link which I cannot quite grasp in order
to declare myself a full time trader with a new
career.
I love this industry & won't let go.
Would be delighted to dialogue with traders who
have also been there & done that & have moved
forward successfully. Cheers: Howard
Z. -- Canada
P.S. Thanks again for posting this invaluable
article online.
Dr. Dorn:
Thanks for your insights. While spending the
last hour listening to and reading your trading
philosophy, I have learned more about trading
and (me) than during the last month! Continue
your quest toward reality trading.
David M. -- Northwood, OH
I
really have enjoyed reading all of the info.
When the student is ready the teacher will
appear. This a Zen saying that fits me right
NOW. Joining Dr. Dorn's service has already
given me a fresh view on the direction I need to
travel with my life. It has given me new insight
on what I can do to
improve my trading. Thank you!
Danny C.
Dear Janice,
Reading your short heartfelt article, 'When
It All Falls Apart' in
Financialsense.com, I thought that I was reading
about myself.
I brought every internal misperception to the
market that you have written about, and can
think of. And I did the same thing, lying awake
at night cursing reality for not bending to my
wishes. I even had a wealthy friend that I had
hoped would rescue me from this self induced
misery. He never did. He never gave market
advice or stock tips or included me in his orbit
even slightly.
In the end I realized that I had to do it all
myself. And that was the best lesson that I ever
learned from him. I started to use the charts
better and stopped (in the main but not totally)
bringing my misperceptions to them. The longer
time frame shows the trends much better than the
shorter ones, and once I found this out, I can
pick trends better and better.
I keep a diary of my predictions and see what my
accuracy is like. I feel as though I have turned
the corner. So, all courage to you for
publishing your article.
I'm going to print it out and put it in with my
guiding principles.It's great to not feel so
lonely and know that others have been there
before you. Best regards, Peter S, M.D
Thank you for the fantastic article "When
It All Falls Apart", so true words
for the markets and for life! I advise my
children 1) Be honest, especially w/ yourself
(sometimes lying to yourself is easier
short-term than facing the sometimes brutal
truth, but it does not change reality!) 2) take
responsibility for your own actions (YOU did it,
not you friend, teacher, parent) 3) Think things
through (if I do this , what might happen?)
Sadly, many people fail at all three. Thanks
again for your article.
Joe B -- Plymouth, MI
I sign my monthly letter: "Wishing you health
above wealth, wisdom beyond knowledge" In my
view health is priceless and Dr. Dorn provides
the wisdom, experience, training and knowledge
which you can use in a practical manner to grow
and keep wealth, be it financial, emotional or
physical. What Dr. Dorn provides is what each of
us desires to have..
Sincerely, David Morgan
Great Work, Janice! Sending you virtual roses! I
will share your wisdom with my children, friends
and everyone who wants to master the markets
through mastering themselves...
Larry Williams ( founder of Williams % R)
Dear Dr. Dorn,
Thank you for helping me turn myself around.
Everything has gotten better since I started
coaching with you.
I make my quota from trading almost every
day. I have dropped 35 pounds, reduced my
insulin requirement and am now working out
five days a week. My wife and I do not have
words to express how deeply you have changed
our lives...
Mark M, British Columbia
Dr. Janice, I think you are a wonderful writer
with the ability to help people that have an
interest in trading. Dr. Janice, Understanding yourself first makes it easier to
take greed out of your thought patterns and
allows one to become more of a mechanical
trader, which is what one seeks. . The mind is a
silly computer in ways. You come with a chip in
your brain that programs you to think that Fear
of Loss is Greater than the Desire for Gain. You
have the talent to write with clarity to help
people to better their best. A Loyal Reader
Hi Dr. Dorn!
I am in the markets from pre-open to close every
day. I would not even think of starting the day
without going through the routine which you
prescibed for me in Betty's Prescription For
Profits. I have made more money in the past
three months using your prescription that I made
in ALL OF 2005!!! AWESOME!! THANK YOU!!!
from Betty in Alabama
I must tell you that you are deadly accurate
with your discussions of the human aspects of
trading. I have been trading for nearly 30 years
and never read material such as yours which just
goes to the heart of what this business is all
about. I look forward to reading something new
every day and wish you would write more and more
often. Thanks and more thanks! From Paul
Roberts, somewhere in cyberspace!
Dr. Janice.....
Again, thank you so much for all you've done for
me! The important thing is I'm my old self again
(the greatest blessing to me and my family and
friends) and the headaches are manageable
without drugs. I'm praying that as I continue to
exercise, improve my diet, develop more stress
reducing techniques, get off more meds, my body
will (with God's help) heal itself.
Regards, Pete in Reno, Nevada
Words of wisdom from a great doctor. What does
it matter what a stock does after you get out?
UP $750 this morning. Going to go live life now.
Thank you so much. P.S. Working out again and
down 7 pounds 25 by the time I see you
again and it just keeps getting better.
THANKS!
Mike in Phoenix
Dr. Janice.... I can not express my
gratitude in you taking an interest in me and my
financial health and more important my mental
health. Thanks again!
Paul, Fountain Hills AZ
I think you would be a wonderful Financial
Corporate Trainer for traders with Merrill,
JP Morgan, etc. You're the Best,
Janice. Thanks for coming my way..
James M., Wisconsin, U.S.A.
I have adopted your healthful living philosophy
and set mountaineering goals to give me a reason
to train and exercise that is tangible. I
just started Yoga two weeks ago and have myself
5 weeks into a YMCA fitness boot camp. I like to
go to Mt. Washington each winter (the last two)
to climb those gullies in Huntington’s Ravine. I
started all of this at 50 and I am in the best
shape of my life. Keep spreading the
word!.
Cheers, Chris
I quote
an article titled "Addiction
to Perfection",
July
16, 2005. "One
of the great evils of trading is false
exactness....."
I corresponded a few times with you over a year ago.
Tonight I was condensing some of my trading material
when I came across this very essential article
you wrote referenced above. I am grateful that
you chose to write about your personal experience on
this topic since lately I have been wrestling with
perfectionistic expectations and avoiding some good
trades lately. You are a real trailblazing
overcomer. Steve, U.S.A. Steve
Janice,
your articles are terrific. I was just posting things on
a message board last week about eating right and
exercising to keep your trading mind/body in shape. You
can definitely eat and exercise your way to better
trading. I'll pass your article along. Keep up the great
work! Gary in Chicago
I just read
your article: What Do You See When You Look in the
Mirror?
Everything you've said is absolutely true and I
thank you for it. I suppose we traders are all guilty of
identifying too closely with our trading. When someone
asks me what I do for a living, my knee jerk answer is
"I am a trader." What I should say is "I trade for a
living."
My job is not "who" I am. Thank you again for good sound
advice. From B.A.
This was
like a smorgasbord. I am of Norwegian extraction, and
this was just a wonderful delicious serving of so many
things to nourish my thought seeking brain. How
eclectic. A Fan
This was
just a wonderful delicious serving of so many things to
nourish my thought seeking brain. How eclectic.
From
R.A.
I appreciate
the advice you give. Keep up the good work!
From
A Reader
Thanks for
the wisdoms. They are very insightful.
Ray
Dr. Janice,
Yikes!!!
I swear....you must have been looking squarely at me as
you wrote your latest e-letter, "When It All Falls
Apart!" That is exactly where I am at this very
instant...and where I've now been for about 8
weeks....after being at this for more than 7 years.
(FYI, I NEVER let a losing trade run hoping it would
turn around).
I have only been getting your e-letters for several
weeks. But I must tell you, you are deadly accurate with
your discussions of the human aspects of trading. You
are so gifted and I thank you for what you do.
B from Florida
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