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The Pandawarrior Chronicles II


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The Pandawarrior Chronicles II

  #181 (permalink)
Market Wizard
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PandaWarrior View Post
During difficult times, people (including me) often turn to spiritual things to help them deal with pain, sorrow, grief, uncertainty, etc....and in my particular belief system, trust in the Higher Power is considered an essential component of that system. Trust being defined as relying on the Higher Power to provide that which is needed in the current situation and how that trust requires relinquishing control of the situation and having an understanding that things will work out. Instead, in our (my) frustration, impatience, anger, lack of trust, etc, we (I) often times spend unnecessary hours, days, weeks and months worrying about something or trying to force the situation to conform to our (my) pre-determined idea of what the ideal should look like.

Essentially this requires us to do what we know to do, and nothing more. Leave the rest up to the Universe, Higher Power or God, whatever your label is.

And again, this reminded me of how as traders, we do what we know to do, find an entry that conforms with what we know to represent an opportunity and then leave the rest up to the market. But instead we (I mean me!!) spend an inordinate amount of unnecessary worry, stress, thoughts and efforts to make our trade conform to how we (I) want it to look.

For instance, I like instant gratification.....this applies to all areas of life and not just trading although I am learning to have patience!!!....but in trading, instant gratification is rarely available if at all. There are those rare instances that produce 100 ticks in a few minutes but most of the time, you (I) must wait for the payoff.

Instead, I try to force the trade to be profitable by moving stops to soon.....I want the trade to run right to my target and give me my profit without waiting to long....and I get impatient. And it starts to come back and I start thinking about how it might move against me 100 ticks just like that.....(this never happens of course, I'm usually on the right side of things) and so I "manage" the trade thereby cutting off a very profitable opportunity. What's going on here? I submit its a lack of trust the market is going to give me what my otherwise rational system tells me that on average, it will give me.

So to use a loose analogy, the market is the "Higher Power" and once we do our (my) part, then the only thing left to do is trust. Which is a bit harder to do than to say. Both in life and in trading.

Perhaps I'm waxing philosophical because of the situation with my dad, but its during these times that a person gets the free time to think.....and often times my mind drifts toward the spiritual and the philosophical. And of course to trading. Hard to separate "real life" from trading as trading seems to have implications in nearly every area of life.

And now I'm done for the day....hopefully this will sound as profound tomorrow as it does today....

Thanks for writing that. That really resonated with me today.

Failure is not an option
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  #182 (permalink)
Site Administrator
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Sorry to hear about your dad, Brian

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  #183 (permalink)
In the heat
 
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Catch up


I'm posting a video today and I'll follow it up with the TST trade report later this evening.


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #184 (permalink)
In the heat
 
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more videos

I must be losing my mind, two videos in a row.....I RARELY watch other people's videos.....they are way to slow for me. I read way faster than most people talk....so sitting and listening to other people talk is often an exercise in boredom for me....which is why I rarely make videos...I figure if I'm bored watching them, so is everyone else...but apparently not so much.....

On the other hand, narrating the day even if its in hindsight and done fairly quickly, does tend to help me learn something as well....so perhaps I'll do them more often.




Volunteer work mentioned in the video.

Operation Christmas Child


Here is the trade report from yesterday as promised. I've been rather distracted during this combine which I would very much like you to believe is the reason for the poor performance and while there is a fair amount of truth to this, its not the 100% truth. In reality, knowing I was going to publish the trade reports here freaked me out a bit and then layering my dad's cancer diagnosis on top kinda threw me for a loop. Regardless, I think I'll roll this combine over as a worse case scenario and perhaps take it up again at a later date.



And today's report:


Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris

Last edited by PandaWarrior; November 20th, 2014 at 09:56 PM.
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  #185 (permalink)
In the heat
 
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Big Mike View Post
Sorry to hear about your dad, Brian

Sent from my phone

Biopsy results today....malignant cancer....very early stages though....doc says he can get all of it.......very good long term prognosis....we are grateful.

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
 
  #186 (permalink)
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PandaWarrior View Post
Biopsy results today....malignant cancer....very early stages though....doc says he can get all of it.......very good long term prognosis....we are grateful.

Amen.

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  #187 (permalink)
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PandaWarrior View Post
Biopsy results today....malignant cancer....very early stages though....doc says he can get all of it.......very good long term prognosis....we are grateful.

Another reminder that we should all evaluate our life and the priorities we've created for ourselves, and see if those really make sense in the grand scheme of what is truly important.

I am glad your dad received good news. But I bet he still would offer advice similar to this (like most wise men would): live your life in the pursuit of happiness, take risks, don't settle for things that get in your way - find a way to make positive change with the goal being happy.

Find what you enjoy in life and then embrace it.

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  #188 (permalink)
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PandaWarrior View Post
Biopsy results today....malignant cancer....very early stages though....doc says he can get all of it.......very good long term prognosis....we are grateful.

My prayers for his full recovery.

Matt

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  #189 (permalink)
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PandaWarrior View Post
Biopsy results today....malignant cancer....very early stages though....doc says he can get all of it.......very good long term prognosis....we are grateful.

I second all the good wishes others have sent. I hope it works out well.

Gratitude is the best emotion now.

Bob.

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  #190 (permalink)
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For all those with an interest in Russia:

Simplicity is the ultimate sophistication, Leonardo da Vinci


Most people chose unhappiness over uncertainty, Tim Ferris
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