NoDoji...

Discussion in 'Trading' started by ashantt, Oct 10, 2013.

  1. and may be they have not fully tested it in the first place.
     
    #21     Oct 11, 2013
  2. Redneck

    Redneck

    The best laid battle plan, once the first shot is fired, is shredded

    Let’s not marginalize the mkt’s ability, via its “so called” antics, to enter one’s head and mind fuck them into inaction…, even destructive action

    Seriously though, is it the mkt’s ability… or one’s inability (rhetorical)

    There is absolutely no plan..., back tested (till the cows come home) or not..., that will overcome one’s predisposition

    Tis fact

    RN
     
    #22     Oct 11, 2013
  3. Redneck

    Redneck


    Caring and minding are two distinct levels of disassociation

    Minding = objecting
    Caring = concerned

    Best we learn not to care – and resolve both



    want / wish / hope / or care

    This I like

    RN
     
    #23     Oct 11, 2013
  4. dbphoenix

    dbphoenix

    Which is why it's so much easier to teach beginners than those who are dragging years of failure behind them.
     
    #24     Oct 11, 2013
  5. NoDoji

    NoDoji

    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 :cool:
     
    #25     Oct 11, 2013
    Hooti likes this.
  6. NoDoji

    NoDoji

    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.
     
    #26     Oct 11, 2013
  7. dbphoenix

    dbphoenix

    If a nine-year-old can do it . . .
     
    #27     Oct 11, 2013
  8. Visaria

    Visaria

    "Everybody has a plan until they get punched in the mouth."

    - Mike Tyson

    "People were asking me [before a fight], 'What’s 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 you’re 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 don’t 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 can’t handle it."





    http://articles.sun-sentinel.com/20...9_1_mike-tyson-undisputed-truth-famous-quotes
     
    #28     Oct 11, 2013
  9. dbphoenix

    dbphoenix

    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.
     
    #29     Oct 11, 2013
  10. Visaria

    Visaria

    Say your trading plan is working, you're making loads of money and then you have a severe drawdown. Can you handle it?
     
    #30     Oct 11, 2013