The Tao of Publias

Discussion in 'Psychology' started by PubliasEnigma, Jul 12, 2002.

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  1. Yeah, I've done the same shit several times, but unlike your situation, the market didn't bail me out. Fortunately, I don't do that stuff anymore. I try to stick to my stops like a robot. I don't care how much money I leave on the table as long as I book my profits and my downside risk is significantly lower.

    "He who pick bottom end up with smelly finger."

    The Tao of Hu Flung Dung (Ancient Chinese Rice Trader)
    #41     Jul 25, 2002
  2. rs7


    Like all of us, I have done the same dumb thing. I think it's like taking a spill on a motorcycle. Gotta get it over with to become an experienced rider.

    Good thing for me...I didn't get bailed out of the trade, but it was in a customers account. So f'n Merrill Lynch wanted to take it out of my pay. It was like 12k. I call ML headquarters in NYC and ask for the error dept. (not having any idea if they even have an error dept.) So of course ML has an error dept., 'cause they are like the government. Big, rich and corrupt., and departments of every flavor to serve every kind of nepotism and political favor there is.

    So the error dept. tells me the firm policy is I am only on the hook for a max of 5k.

    Call the local riechfuhrer at the regional compliance dept., and he says I gotta pay the whole thing. He is superseding the firm policy, on the orders of his superior (Field Marshall). He vas just following orders!!!

    So I quit. Got a nice sign on bonus from EF Hutton. And never paid ML a dime more than what they already had deducted from my paycheck (about 2k).

    So the error caused me to leave ML, which was the best move of my life. At Hutton I got involved in trading, and got out of the retail end of securities. If not for that error, maybe I would have spent my life in Merrill Lynch Hell. way! The thought of the place still gets me nauseous 15 years later.

    Some mistakes are bigger than others. Learn from them all. And once in a while, like me or Publias, you get lucky too! But even then I knew I got off real easy. Haven't done a buy for sell since.
    #42     Jul 25, 2002
  3. Publias

    Publias Guest

    Ahhh yes Goldenarm Hu Flung Dung very wise trader :p

    #43     Jul 26, 2002
  4. Publias

    Publias Guest


    Purged of ego and selfish attachments
    Indifferent as the market herself
    He stands detached as if a mere spectator…
    Transcending the dualities of the human condition
    Equal in “pleasure” and “pain”
    He flows along with an impenetrable inner peace and strength…
    Immersed within the realm of the present moment
    Responding as if an echo
    He sees not what could or should be, but what is…

    #44     Aug 4, 2002
  5. secco


    how the heck can a guy who starts his own thread devoted to himself say he has no ego???

    dude, you are fooling yourself! get a grip.
    #45     Aug 5, 2002
  6. Kymar


    dude, get with the tao... may very well be that Publias is able to divorce his ego from his trading precisely because he is so utterly and colorfully self-glorious about it when not trading.

    I'm guessing it's a lot better for your trading to engage your emotions outside of the trading day, and as positively, even egotistically, as possible, than to engage them during the trading day, and as a result experience the slings and arrows of outrageous trading misfortune, leaving you with nothing after you're done but depressive self-loathing, sheepish shame, and a monotonously red P&L...

    Think I may give publiasism, as I understand it, a bit of a try myself...
    #46     Aug 5, 2002
  7. Publias

    Publias Guest

    "This will be my way of giving back to my fellow trading brethren here @ ET some of the wisdom that the market has so graciously funneled through me over the years..."

    Kymar and Secco,

    I can assure both of you that my motive for starting this thread was not some form of ego masturbation... I am simply and genuinely attempting to linguistically express my trading experience with my fellow traders here at ET... All this in the hope that struggling, new, and experienced traders alike may gain something or at least be entertained... NOTHING MORE AND NOTHING LESS...

    PEACE and good trading to both of you,

    #47     Aug 5, 2002
  8. Pabst


    Dude, go home. You're criticizing perhaps the most valuable contributor on this board. In six posts you've added zilch. I have never in 200 plus posts on ET ever gone after someone personally, but you sir, are a worthless parasite,
    #48     Aug 5, 2002
  9. Publias

    Publias Guest

    "Actions do not cling to me because I am not attached to their results. Those who understand this and practice it live in freedom."

    4:14 ~The Bhagavad Gita~

    PEACE and goodtrading,
    #49     Aug 9, 2002
  10. Publias

    Publias Guest

    ~Yoga of Action~

    18.The wise see that there is action in the midst
    of inaction and inaction in the midst of action.
    Their consciousness is unified, and every act is
    done with complete awareness.

    19.The awakened sages call a person wise when
    all his undertakings are free from anxiety
    about results; all his selfish desires have been
    20.consumed in the fire of knowledge. The wise,
    ever satisfied, have abandoned all external
    supports. Their security is unaffected by the
    results of their action; even while acting, they
    21.really do nothing at all. Free from expectations
    and from all sense of possession, with mind
    and body firmly controlled by the Self,
    they do not incur sin by the performance of
    physical action.

    22.They live in freedom who have gone beyond
    the dualities of life. Competing with no one,
    they are alike in success and failure and content
    23.with whatever comes to them. They are
    free, without selfish attachments; their minds
    are fixed in knowledge. They perform all
    work in spirit of worship, and their karma
    is dissolved.

    ~The Bhagavad Gita, as translated by Eknath Easwaran~
    #50     Aug 12, 2002
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