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Just BEING a Trader: Letting Go!!


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Just BEING a Trader: Letting Go!!

  #1 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
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Why be so obsessed with Money?

How about being a trader because you LOVE being a trader?

And that probably is the secret of being a SUCCESSFUL trader - just BEING!

Just be, let go of the profits.

Let go of the losses.

Let go of the missed trades.

Let go of targets, schedules, over-analyzing, over-journaling, over-planning.

Just Be!!

And watch the magic happen to your account, and how you naturally buy low and sell high!!

Side benefits:

Ego: Dissolves! Greed: has left the building! Fear: is denied entry!


P.S.:

These are all of my rules,
lest you think they are for fools,
Let me create this journal,
And show you my process so simple!

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  #2 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
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A sample trade taken just now, will dive into the 'simplicity' part in the next posts:


LMAX Trade 1 futures

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 Daytrader999 
Ilsede, Germany
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iqgod View Post
Why be so obsessed with Money?

How about being a trader because you LOVE being a trader?

And that probably is the secret of being a SUCCESSFUL trader - just BEING!

Just be, let go of the profits.

Let go of the losses.

Let go of the missed trades.

Let go of targets, schedules, over-analyzing, over-journaling, over-planning.

Just Be!!

And watch the magic happen to your account, and how you naturally buy low and sell high!!

Side benefits:

Ego: Dissolves! Greed: has left the building! Fear: is denied entry!


P.S.:

These are all of my rules,
lest you think they are for fools,
Let me create this journal,
And show you my process so simple!


Very well said, I fully subscribe to that!

Looking forward to your journal.

"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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 Mtype 
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iqgod View Post

Let go of the losses.

Let go of the missed trades.

Let go of targets, schedules, over-analyzing, over-journaling, over-planning.

Just Be!!

Powerful words and thoughts! Let's see where they will take you.

“Happiness is the meaning and the purpose of life, the whole aim and end of human existence.” Δ

“There is no path, but only a fool wouldn’t follow it.”
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 AllSeeker 
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Will be looking forward to your journal. Love the first line, "why be obsessed with money"

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  #6 (permalink)
 chalito 
Tampa, Florida USA
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iqgod View Post
Why be so obsessed with Money?



How about being a trader because you LOVE being a trader?



And that probably is the secret of being a SUCCESSFUL trader - just BEING!



Just be, let go of the profits.



Let go of the losses.



Let go of the missed trades.



Let go of targets, schedules, over-analyzing, over-journaling, over-planning.



Just Be!!



And watch the magic happen to your account, and how you naturally buy low and sell high!!



Side benefits:



Ego: Dissolves! Greed: has left the building! Fear: is denied entry!





P.S.:



These are all of my rules,

lest you think they are for fools,

Let me create this journal,

And show you my process so simple!



There’s more wisdom here then meets the eye. You could make a fortune selling a book on this one concept. I’m looking forward to reading your progress.


Sent using the NexusFi mobile app

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  #7 (permalink)
rollablada
New York City
 
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Thank you for this message! I too am looking forward to your journal.

This is a mindset I am trying to adopt.

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  #8 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
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Experience: Advanced
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So what, exactly, is simplicity?

In trading it is understanding the concept outlined in the two pages below:


Page 1


Page 2



Understand this and you have mentally grasped the game. But this is not an observation game! It is a game that needs to be played, albeit from your armchairs, but played it must be!

Even simpler: Don't lose more on a trade than you make on a trade.



Simple? Yes.

Easy? Yes. Err... No!


Read on...

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  #9 (permalink)
 
iqgod's Avatar
 iqgod 
Mumbai, India
Legendary Market Wizard
 
Experience: Advanced
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Thanks Received: 3,097

What is the simpleton's simpleton idea of their reasons for success?

FAITH!

More than one trading book authors stress on this aspect - this is the third pillar of Simplicity.

For something to materialize, you need to BELIEVE it is going to happen.


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  #10 (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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Thanks Received: 3,097


So we are building a trading cake here... to reach the cherry on the top, we place the base of FAITH at the bottom.

What next?

When you have enough faith in yourself you will be ready to pile up one layer higher...

And what layer is that?

COURAGE.

The courage to pull the trigger in face of maddening uncertainty and sticking to your guns amidst the shifting landscape.


But lest we get carried away here's what this is NOT:

Courage is not shooting from the hip.

Courage is not do-or-die reckless trading in the face of circumstantial evidence that you are getting it on the face.

Courage is not even about showing up every single day.


Coming to what it IS:

Courage is simply a state of being - it is not putting your mortal self between you and your trading.

Courage is the ability to be formless - the ability to stand away when there is no pressing need to be in the fight.

Courage is the uncanny ability to have ample ammunition when you need it - because of being backed by Faith.

Courage is the power to use the ammunition rightly and judiciously to support your Faith, without wavering at the last moment, without chickening out.

And of not having to explain yourself to anybody, anyone, because it is after all the Courage to Stand Alone.


Thank My New Journal https://nexusfi.com/trading-journals/56579-just-being-trader-letting-go.html
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