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Strategies & Market Trends : Trade What You See, Not What You Think

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To: Threei who wrote (344)1/22/2001 9:43:21 PM
From: Moving Sphere  Read Replies (1) of 867
 
Again, our thoughts are similar!

>>"Be your own man. Don't complain and don't explain. Don't ask for opinions. Don't care what others think of your way to act. Your trade is your trade, noone knows more about it than you do. If you made mistake no one is to criticize you. Your fault - your punishment. Your win - your gain. You are in charge and you are responsible."<<

The above moral is the very reason why trading is a lonely game. And in any lonely game, you must be your own best friend; otherwise, there is no way you can trade successfully. That is why it is important for us to achieve peace and harmony within ourselves before trading can become a successful venture, IMO. And that is why I advocate letting your completed trades go because you may inadvertently allow your ego to come into play during reviewing (with hindsight).

The theory is that we must act unemotionally while trading; but we are human and our ego and emotion will always be part of us. Therefore, we must do our part to minimize our interaction with our ego whenever possible. Fortunately, our ancestors have found ways to help us achieve this difficult task. The principles of Tao or Zen are some examples of the "ways". If we can control our thought, we can control our ego. If we can control our ego, we can control our emotion. This is no easy task... but the last I heard, no one ever said successful trading is easy....

To reiterate why I believe hunting is the same as trading, I like to repaste the quote from "Jim Corbett, Master of the Jungle" by Tim Werling, Safari Press Inc.

"And it was his compassion and persistence that allowed him to succeed where so many others failed.

After all, how many others would sit up on a tree limb watching over a kill all night long, hoping by some faint chance to get a shot at a man-eater? How many others would stalk a man-eater on foot through rugged jungle day and night, knowing that death might be lurking behind every rock or bush? How many others would have the fortitude to continue a hunt after seeing the ...<scratch out>... victim? How many others would endure cold, rain, diseases, and loneliness day in and day out, without throwing in the towel? This is what separated Jim from the others: He had the patience, persistence, and endurance to succeed."<<
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