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Apologize to Valerie What was that all about How was that going to make me a better trader I hoped that he didn t intend for me to show up at Wakeman and find Herb Johnson, just so I could pull mini-Napoleon out of a partner meeting so that he could listen to me offer a lame apology that I didn t even truly want to give. But when I apologized to Valerie, her face brightened. Really she said. Really. I mean it. And I did. The saying of the apology created some of the sincerity. The speaking of the words also cleansed me a bit. I stood a bit taller and felt a bit happier. When I returned to Harvey, I said so. That s no surprise. That s good. You don t need the burden of an angry young lady who works the reception area. She would give you problems
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forever. You have to cast all that aside, all the negativity you have stored up inside. I did not ask him about apologies that I would owe to my former employer. That was something I didn t want to do and I am sure I would not get the words out of my mouth before I was escorted out of the building. But apologizing to my wife That was something I would do as soon as I got home. I needed all the help I could get, and I couldn t expect to have her help if I could not be honest with her. Now, he said, you ve earned your first lesson about why I am taking a trade. Remember you were asking about my reasons for wanting to sell the EUR after it rose upward Of course. I actually wanted to put on the same trade when I found out you and Hank were planning to sell the Euro, I decided that I wanted to be part of it. I did not want to miss out on the opportunity to make money. No one wants to miss out on money. It s a huge problem for many new traders they cannot resist following the idea of another person because they don t want to miss out. But you should know that I don t actually have that Euro trade that you re talking about. I don t necessarily want to sell the EUR/USD at 1.2200. It s not something that I am going to do for sure. This is the danger in jumping in on a trade because you hear about someone else taking it. You take it, but in the end, that other person might not, and then what do you have A trade with no backup, no planning, no rationale other than you didn t want to miss out. I gulped. That was not good. I was now planning to place an order to take a trade that I thought had substantial backup. But I was on my own. No Harvey, no U.S. National Bank standing behind the order. Suddenly, I felt dumber than ever. I was going to lose my trading account any moment now with plans like this. I could feel it. All the money I put in there was going to go up in flames. I needed to stop trading. But Craig said Craig was looking at his order screen and saw Hank Doorecker test the waters. An order 200 pips above the current market price is way too far off to leave out there. We do actually want to sell in the near future, but we wanted to see how much enthusiasm was out there for it. It s not like someone else was going to trade that far out of the market. So really, why did you do it We want to sell. We do. That is for sure. But we want to only sell after it s gone up a bit. Hank has a theory that he has tested for many years that if he puts an order out there, way out there, that it will tempt people to bid. I don t agree. It is so far away that it is really just showing them our cards. I like to hold my ideas closer than that. How so I was now feeling better. At least Harvey really did want to make a trade on the Euro. I just didn t know where. So the idea wasn t so
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