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Just BEING a Trader: Letting Go!!


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Just BEING a Trader: Letting Go!!

  #41 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
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Credit:

The A.C.T.I.O.N. plan which includes the past few posts is from the book:

The Way of the Warrior-Trader
by Richard D. McCall

Publication date 1997
Publisher McGraw-Hill



Borrow the book at no cost, thanks to the internet archive:

https://archive.org/details/wayofwarriortrad00mcca


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  #42 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097

Yesterday I almost lost my poise in the volatility and had a slightly bigger loss.

Let a loss make you wiser instead
of making you depressed

Hence, even more pertinent in all this volatility, that means you have to keep that loss small.


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  #43 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
Platform: ChartNexus
Trading: Stocks, Commodities, Futures
Posts: 1,802 since Feb 2012
Thanks Given: 3,658
Thanks Received: 3,097


On another thread someone posted a statement that got me thinking:

When good traders trade well they feel good,
When great traders trade well they feel nothing.

Zen Koan



“The novice says to the master, ‘What does one do before enlightenment?’
Chop wood. Carry water,’ replies the master.
The novice asks, ‘What, then, does one do after enlightenment?’
‘Chop wood. Carry water.'”

Although it appears nothing has changed on the outside (doing), everything has changed on the inside (being).

On the surface, the visible, external actions of chopping wood and carrying water are the same before and after enlightenment. So, what’s changed?

The deeper invisible and internal—your presence, awareness, perception, mindset. Your body may be busy, but your mind is still. You are present instead of preoccupied.

And that makes all the difference.
And you are on your way to feeling nothing.


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Last Updated on February 27, 2021


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