Now,

Here we have an excellent example from Gio, related to being stuck in the past. And by that I would like to thank Gio, for his contribution in order to teach people about the danger of getting stuck there. It's a bit destructive, especially in the markets.

You see, Gio made some posts in the thread I started called Harmonic Trading. He refered to Elliot Wave in the context of Harmonic Trading. I asked him nicely to stick to the HR instead. Eventually he started to pick on me. He posted one comment that was rather rough I guess, because he changed his mind, or he got it deleted.

After some more posts, he asked me to apologize because I was, according to him insulting the intelligence of all people. I apologized (by the way, imho, that was never the intention, and I believe that people did not felt insulted at all, because there were no insults there).

He continued! Eventually he stopped, and left the thread to develop without him! Once again, thank you for that Gio.

Now, he's flashing again with his irony by quoting a post that, I myself find a bit way of context.

You see, what the past is doing to you. It's giving you a big, big bonus of destruction. I mean the guy hasn't been able to let it go yet. So you have to let go of the past, especially when you have experienced a bad trade! Or a good trade for that matter as well, because that too is creating an expectation spelled, I have to do it again!


/George

The solution to all this is to get rid of your past. The past contains the the past and nothing else. You have to adopt a different mind set. Normally we live our lives by our expectations. Stop doing that in the markets. Concentrate on the now, that's where the action is taking place. Get rid of your past, and you'll get rid of your tunnel vision.

One way of doing that, is what my old NLP buddy is suggesting. Get rid of news, financial media, trading buddy's, and stop reading predictive material.
The reason is to filter out, every single thing that's constructing your expectations. You have to understand that by watching an indicator, or the financial news, the only effect of that is that it gives you expectations. Now, the problem is not having them, the problem, is the way you react when they're not met.

Pick up one market and get familiar with it. Start by observing it, without acting, just observe it and see what it's telling you. Get familiar with it, in the now, don't expect it to do whatever you expect it to do. Just watch it, and let it tell you what it is doing.

After you've got familiar with that. Change your mind set once again, and start to think in terms of:

The only thing I need to do, is to throw my money in, in order to see what's going to happen. And when I do that, I'm only going to throw in a small amount of money, only and only to find out if, what I perceive in this moment is going to take the shape of a probable desired action.

That in my opinion is "all you need"!


/George