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Just BEING a Trader: Letting Go!!


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Just BEING a Trader: Letting Go!!

  #31 (permalink)
 
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 iqgod 
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Self-preservation = F.E.A.R.= does not equate to capital growth or capital preservation


Fear = consistent losses, check your journal!!!


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  #32 (permalink)
 
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 Daytrader999 
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Great posts with many very precious nuggets and words of wisdom....

Thanks for sharing them!

"If you don't design your own life plan, chances are you'll fall into someone else's plan. And guess what they have planned for you? Not much." - Jim Rohn
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  #33 (permalink)
 
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 iqgod 
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Great posts with many very precious nuggets and words of wisdom....

Thanks for sharing them!

I really hope people (and that includes me) take them to the heart - these are precious bits of information paid for by real knots in the stomach and real ulcers in the mouth. :-)

Credits: The last two nuggets (and the two that follow) are from 'Chaos Trading' by Bill Williams.


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  #34 (permalink)
 
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 iqgod 
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Greed is good for ANALYSIS, but again not for trading!



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  #35 (permalink)
 
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 iqgod 
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Have Fun


When You Have Fun, You Have Funds


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  #36 (permalink)
 
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 iqgod 
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@Big Mike inspired me to post this poem - it's about a seemingly 'non-supportive spouse'. I thought I had lost it, but luckily it still was tucked in somewhere in my diary

I wrote this poem sometime in the lockdown, and though my wife did not offer support for trading (and equated it to gambling), she was eventually to point the way to the golden middle that came to me as 'balance'. I wrote this poem for her, even though there is no direct support - sometimes 'no support' can actually mean tonnes of silent support by offering discipline instead of pandering to and spoiling an 'already spoilt child'. When you have no excuses left to give her, and turn inwards, and find that your sense of balance was off and waiting inside you all the time :-) :


When I was
an incomplete person
From work I took a pause
To quickly earn a ransom

I took to trading
it seemed
a quick way of printing
Money in reams

I made a pile
Thousands by the hour
And my bile
Tasted my tongue, was sour

I did not mind
My deteriorating health
I was focused hook, sinker, and line
On wealth, wealth, wealth.

She warned me of a-change in Miss Market's style
Dangers of these easy riches without strife
And told me to look yonder
On this thing called life.

But, you know, as it always happens
I ignored her sage advice
But was disappearing, my confidence
And slowly lost most of my dimes.

I almost lost my mind
And though she wouldn't pet me
Her look was both stern and kind
And she gently stood beside me.

Many a time I ignored my duties
And spited her for working overtime...
But suddenly in her words, I could see beauty
Slowly but surely her words began to rhyme.

When I took it slowly
And focused on myself, my family for a while
I sensed how trading turned holy
And finally could take it in my stride.

Sometimes when your wisdom lights go out
Your spouse sometimes holds a candle
In the middle of your dark blackout
And it's a faint glimmer in a losing battle.

The light that shines
Illuminates
Deepest recesses of your mind
And liberates both you and your soulmate.


My humble attempt at poetry.


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  #37 (permalink)
 
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 iqgod 
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Trading is all about action.

But the basis of ACTION in your plan is:


ACTION plan


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  #38 (permalink)
 
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 iqgod 
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The easiest way for me to accept something is to offer that very thing to something bigger than myself - a concept, integrity, honor, love, anything but the limiting self!



Which means you accept RISK - And anyway, for a wise man, ignoring Risk is, well, risky!!



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  #39 (permalink)
 
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 iqgod 
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I will trade RIGHT:

Optimism



As opposed to 'I k
new that I would suck at it' and then it manifests and we usually do:
Pessimism


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  #40 (permalink)
 
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 iqgod 
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Learn the hard way first,
unlike me.

Don't learn the hard lessons
by taking a shortcut

Save years and years of your precious life by doing it the hard way, please!

Faith is Earned Not Bought


Bonus: The hard way is the FUN way!!!!!!


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