Dykstra: Grinding Out the Wins

Editor's note: Lenny Dykstra will explain his deep-in-the-money calls (now 76-0 for the year) at TheStreet.com Investment Conference on Saturday, Oct. 25. Click for details.

When the going gets tough, the tough get going. This is true in all facets of life. I believed it when I laced up my cleats each and every game, and I believe it now that I am an active trader. The players currently locked in the battle to go to the World Series need to embrace that mindset as well. You need to think that way in order to be successful or else you will fold under the weight of the situation.

The market has been wild lately, causing a lot of stress and fear for a lot of people. Those who panic increase their chances of making a mistake. Monday was a good day ... a real good day. The market roared back, and the Dow gained more than 900 points, more than 11%. A lot of people were feeling a lot better.

But remember, this was on the heels of some major losses. The markets got pummeled last week, losing ground every day, piling up losses on top of losses. Monday, traders rallied back. They were in a hole and a did nice job of starting to dig their way out.

Discipline and keeping cool have helped me score time and again in October. I know it sounds funny to say that I have been winning during this horrible stretch in the market, but the facts are the facts. I am now 76-0 with six wins in October so far. I am also just a hair shy of $200,000 in wins this season. My newsletter Nails on the Numbers is on a roll. To check it out, click here.

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