Tuesday, December 14, 2010

Took a little bath today


Sometimes it’s necessary to have a losing day in order to clean the slate and remind yourself that not everyday is an up day and that following rules is critical to success. But I got a little encouragement from Dalanza who told me to stick with it and not simply write off today as a loser.

“Remain patient. Your trade will come. You just have to wait for it.”

It’s a great life lesson all wrapped up in 20 minutes of trading. I was down less than 1% and was considering walking away because I was trading poorly - in too early and out too soon. But my trade came, I took it, added to it with confidence and caught the ride to finish up just under 2% for the day.

It’s another case of surrendering the ego to the market. Yes, the market takes a little bit of blood sometimes and those cuts can hurt, but ultimately I am fostering a belief that the market is here to teach me about myself and I must trust it to show me the lessons. If I am stop the game in the middle of the match, the lesson ends and I learn nothing.

Each day I remind myself of my willingness to risk who I am for what I can become.

No comments:

Post a Comment