|
|
W
|
|
|
|
ant to become a good trader? It may be as easy as studying life
itself. I will never know if I have learned more about trading, from life
itself, or more about life from trading. Both offer many of the same lessons.
As just one example; you only get out of life what you put into
it. After survival, that is the second law of life. So it is with trading.
Put in "hobby" hours and you will get
"hobby" results from your trading. That is not bad; some people don't
have more time, or strong passions. Just
don't expect professional results from part time efforts.
Invest a lot of time with your kids or spouse, and you get great
kids and a great relationship with your wife or husband. Not paying attention
to them is the same as not using stops in trading.
From trading I have learned that after a string of great trades,
comes some real stinkers. What a life lesson that one has been...after good
times I have then been besieged with junk and junk people. I have leaned that
life's most beautiful moments are often followed by bad things I would never
have imagined.
That is not the lesson though. The lesson is that all this
cycles. Don't get drawn down into the negative crap or up too high for the
wins... find an
emotional balance. When I let all my bad trades get to me
I locked up; froze, and could not trade. In life I learned not to be short term
concerned about the negatives... they would pass... my duty is to endure.
Who hasn't taken a course or class in communicating or been told
that you really need to listen to what the other person is saying? I'm still
not a great listener to people, but a darn site better one now than ever
before.
Life lessons, market lessons; they can make us better traders
and better people. All of us, right? But, how many really put that into
practice? Trading taught me to pay attention to what the market was saying; to
get into communication with the market. This is done by:
- Dropping my preconceived notions of what the market
'should' do. Just as in a conversation, Listen, don't assume you know what
the person will say.
- Sitting back... 4 to 5 feet from my monitor to see what
the charts/indicators are really telling me. It is there, all the stuff I
am looking for but had not seen. I just have to "look".
I'm still not a great listener of people, but a darn site better
one now than ever before. Life lessons, market lessons; they can make us better
traders and better people.
Good Luck & Good Trading,
Larry
Nenhum comentário:
Postar um comentário