I've noticed that too. I'm glad somebody said something (I guess its not surprising it came from a moderator).
I wish I were such a nice guy. I usually say the same thing, but deep inside I'm really hoping people choke on the lobster, filet mignon and champagne paid for by my losses!
That's so true. I think sometimes (not always of course) it is the few elite and insitutional traders squeezing out the weak majority. They know the psychology. They know where most people can't take the pain anymore. Perhaps this is a naive view.
This is a very good post - keep our eye on the Prize! I would add one thing - The most important pattern to recognize is the trader's own...
This market is very tough seems like all the weak links have been shaken out and we are trading with the pro's
i was bidding, i tried to cancel my order, but you stuffed me with it. -------------------------------------------------------------------------------- Quote from shneed: I think I've read somewhere that the good traders only remember or comment on their losses, and bad ones, well you know.... shneed -------------------------------------------------------------------------------- hey shneed, <b>'ssup?</b> you should post more.
apparently said the following (signature of ET member "Rock_): "Defeat is a state of mind. No one is ever defeated until defeat has been accepted as a reality. To me, defeat in anything is merely temporary, and its punishment is but an urge for me to (apply) greater effort to achieve my goal. Defeat simply tells me that something is wrong in my doing; it is a path leading to success and truth." - Bruce Lee Yeah... I do like to keep my feet on the ground usually, and therefore don't like to blow smoke up anyone's ass or get it up mine. Things HAVE gotten "less easy"... not hard! The gravy train's at the yard for repairs... and some of the tracks have broken down or rusted. But as life goes forward and (hopefully) we all gain a little more wisdom.... I believe this philosophy of Lee's is a way to live life with a degree of dignity and courage... and most importantly, perspective. The next time any of us on ET feel like victims and/ or lament our inability to score as big as needed or wanted... I strongly suggest we pay a visit to Children's Memorial Hospital on the northside of Chicago... the cancer ward. OR perhaps the Rehabilitation Institute of Chicago (where I used to feed my friend rendered quadriplegic in a truck accident @ 31 yrs). I'll organize the outing. Or go visit or volunteer somewhere near your home or office! Think I'm kidding?! Try it this month. THEN... if one walks out with no greater insight and perspective into their present lot in life and trading.... yes, maybe even thanking the Universe for providing the challenge, opportunity and skill to do this... win or lose... even in so-called very "tough" times... then one needs to QUIT! Because without perspective... a view of the larger picture of this universe we inhabit if you will... one cannot be a successful trader over the long haul much less enjoy the financial fruits of success, anyway! And in case any of us who take life for granted forget (and that includes me often in my life) ......... "long haul" has highs and lows... but true happiness is found within the range. More importantly, for some the "haul" is not very "long"! For us ETs it could all end tomorrow, as it could for any of our loved ones. Sound like boilerplate hyperbole? It's not. Apparently Bruce Lee gained enough perspective in less than 3 decades of living... such that he's being emulated years later. Would he have succeeded in these "tough" markets!? Hmmmm... maybe we should all ask ourselves that very question this weekend! And then target his philosophy as our goal. Iceman
though I think you know this, my comments were 'quality of market' oriented, not 'what really matters in life.' having said that, I think that post of yours is
I agree that it is certainly not the end of the world if and when many of us have to quit trading. However, not enjoying failure, or the possibility of failure, in no way means that someone does not otherwise appreciate life. That someone is not immediately happy about moving on from a profession that he or she enjoys (perhaps even loves), especially if the person has invested much of the person's "life" in this particular business, does not mean that they are not otherwise thankful for what they have. Hence, I agree with what you have stated in general, but don't necessarily agree with how you may be applying it in this case! By the way, Bruce Lee was awesome, but even he may not have succeeded in this biz. If not, though, I agree he would've found a way to move on and still succeed in life.