There are two types of gripes I consistently hear—the ones who missed the trade, and the ones who stopped out on a trade. For a trader, these two events are as normal as breathing. Which reminds me, are you aware of your breath while you trade?
Are you aware of any other physical sensations? Your forehead, is it all wrinkled up? Your shoulders, are they up by your ears? You need to start listening to your body—it is a better indicator than anything you can slap on your chart.
It is a better indicator of RISK TOLERANCE.
You may have assumed too much risk. And that’s okay. Correct yourself today. Choose today.
This is no sport for the mindless buffoon. You should surrender your wealth to a broad swath of index ETFs, they’re crushing. Speculating requires constant biofeedback so you can listen to the internal feedback of the marketplace while always accepting the external events as they come.
And stop spending so much time trying to answer the ‘why’ of your dilemma. More x than y, move on already. Clear the deck for your next opportunity.
We take them as they come, and if you have been reading along then you know I have been stalking this Z for a while. Well, it hit my reference point this afternoon, found some buyers, and thus henceforth I too am a buyer of Z. Do you see how simple this can be? If it’s wrong I lose less than 1% of my book. NEXT.
If it’s right, my friends, 3-4% easy.
This is all you need to do, over-and-over. Fuck your ego off, literally. Eliminate it.
Big ups to my dead soldiers today: CREE, UGAZ, some TWTR, and BALT
To my new grunts, Z and VA. WELCOME, it’s hell out there but you better start shooting if you intend to live.
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Love your posts bro. You are an excellent writer. Don’t take offense if your posts do not generate comments. This is is just an indication that you have left no doubts or open ends in your literary prose. Should have referred back to how PTJ played the OPEC meeting in Trader, “just sold the equivalent of 8 tankers at the open, they have no idea it was moi.”
thanks for reading along and the positive feedback, that scene is hilarious
Well put.
I need puts, soon perhaps
Very nice, the ego is distracting, you have kind of a definition or theme here of – the job of trading Vs. thrill riding. Best to be hard at work at war with luck, not depending on it for easy wins.
the harder we work, the luckier we get
legend.
t0tally