Hi Threei,
>>"Losing traders could do little to transform themselves to winning ones. This is kind of things winning traders do".<<
Unless the losing traders learned to adopt a winning attitude after paying his/her tuition from multiple accounts blow-out, it is extremely difficult for the losing traders to turn around and become winning traders. IMHO, to win, you MUST have a winning attitude. By the virtue of having a winning attitude, your whole demeanor is completely different. You are more likely to be highly alerted and quick in reacting to what you see.
The best example I can give you is when I played foosball with my son. Now, my son is a strong foosball player. Since he is much younger than me, he can react quickly without even trying. During days when I was tired, not up to par, or that my mind was somewhere else, my son would whip my behind every single time! However, during days when I was highly motivated to win, I could beat my son. Although the points spread were close, I could still win. When I was motivated to win, my whole demeanor was different. I was very alerted. My energy level was high. My focus was unparalleled. The fun level was intensified as well.
And so is it with trading. During days when I felt uneasy, sleepy, or unfocused due to mind thinking of other things, my trading suffered. However, during days when I felt like I can't lose, I usually ended up winning for the day.
BUT......
there is a catch.......
While playing foosball, I could beat my son when I was highly motivated; but I probably would NOT be able to concentrate on this high level for hours on end and still beat my son. Eventually, my mind and body would give up due to exhaustion and my son would come back and whip my behind once again. So, what I did was after a few games of winning, I called it quit. Ha ha... don't worry, my son still beat me when you added up all the games we played together.
And so is it with my trading. During those days when I felt I couldn't lose, I called it quit after a few winning trades. Sometimes, if my first win was big enough, I called it quit for the day as well. There is no way I can sit and watch the market from 09:30 am to 04:00 pm (EST) and stayed concentrated.
Well, I guess this summed up my experience of why having a "winning" attitude is of utmost importance when trading to win.
Like they said, "If you don't think you can win, you have already lost the battle before you even begin..."
Cheers!
FC |
