The best laid battle plan, once the first shot is fired, is shredded Letâs not marginalize the mktâs ability, via its âso calledâ antics, to enter oneâs head and mind fuck them into inactionâ¦, even destructive action Seriously though, is it the mktâs ability⦠or oneâs inability (rhetorical) There is absolutely no plan..., back tested (till the cows come home) or not..., that will overcome oneâs predisposition Tis fact RN
Caring and minding are two distinct levels of disassociation Minding = objecting Caring = concerned Best we learn not to care â and resolve both want / wish / hope / or care This I like RN
Which is why it's so much easier to teach beginners than those who are dragging years of failure behind them.
Ooooh, I like that. I've found the work of Byron Katie to be an effective method of attaining this elusive "Buddhist" state of mind. It's a form of meditation that involves questioning all stressful thoughts until there's nothing remaining except right here right now everything is exactly as it should be. Her entire process is available free on her web site: http://thework.com/thework.php Like all highly effective methods of self-improvement (and trading improvement), it requires that you actually work at it, only always
I've always wondered whether a total beginner could trade my plan in a calm relaxed manner, without fear, hesitation, second guessing, etc. I had one friend who was interested, but had no time to commit to learning.
"Everybody has a plan until they get punched in the mouth." - Mike Tyson "People were asking me [before a fight], 'Whatâs going to happen?,' " Tyson said. "They were talking about his style. 'He's going to give you a lot of lateral movement. He's going to move, he's going to dance. He's going to do this, do that.' I said, "Everybody has a plan until they get hit. Then, like a rat, they stop in fear and freeze.' " What I like so much about the quote is that its application stretches far beyond boxing. It really has meaning in any area of life, whether the blow comes from a health issue, losing your job, making a bad investment, a traffic jam, whatever. It's how you react to that adversity that defines you, not the adversity itself. "Exactly," Tyson agreed. "If youâre good and your plan is working, somewhere during the duration of that, the outcome of that event you're involved in, you're going to get the wrath, the bad end of the stick. Let's see how you deal with it. Normally people donât deal with it that well." He laughed. There's another way to spin his famous quote: "How much can you endure, buddy?" he said. "Most talkers, they canât handle it." http://articles.sun-sentinel.com/20...9_1_mike-tyson-undisputed-truth-famous-quotes
Not entirely applicable to trading, at least not to all trading plans, unless one can exit the ring when "things begin to go bad" and stand aside until conditions are once again favorable.
Say your trading plan is working, you're making loads of money and then you have a severe drawdown. Can you handle it?