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trading with discipline
When my appointment was first set with my surgeon I was like a kid Christmas morning. I had heard from 2 or 3 friends who’d been operated on by Dr. Abou Somra. Everyone in the medical community I talked to unanimously stated their belief he’s the best and world class. Finally this pain and all the ramifications of it were going to go away. I met with him and was jubilant with what he had to say. It was really gonna’ happen, I was on my way to feeling like the 20 year old I felt like just 3 months before. Long story short … what I learned is that expectations can grow and develop in our minds until the train wreck of reality shows us how with sometimes startling clarity how unreasonable were those expectations. Now I know it will take 6 months or more before the final effects of the surgery will be in place. Now I know I must endure 6 weeks of physical therapy to assist in getting there. I believe there is a strong correlation to trading in this lesson I’ve just learned. The anticipation of the beneficial final outcome opens the door for us to hear what we want to hear instead of the real words which were spoken. The focus on the final outcome so blurs the path that must be traveled, the inescapable process of putting one foot in front of the other, step after step after step … tediously, monotonously, plodding. How we long to take shortcuts … we know where we’ll end up, just let me bewitchingly wiggle my nose, let me turn to Number 2 and say “make it so” without work or sacrifice or the necessary effort to insure reality matches expectation. That’s the way it is for many traders. They can see the riches made available by the leverage in our markets, they day dream of the cars and boats and luxurious homes … the anticipation supplants the reality of the steps that must be performed to attain those expected goals. The nonsense we all, including myself, have bought into for so long that one book, one tape, one course will, like #2 “make it so”. We now know the reality, don’t we, brothers and sisters. It is in us and always has been. Yes, there are things we needed to learn to do this effectively … what is unfortunate is all that we needed was not, in fact, available to us. And now we know the reality of it. It will take me 6 months or more following a specific regimen to get where I need to be. To be where we expect to be with our trading also requires a regimen that includes much more than just analytical skills. Things like an effective means of executing orders, like management skills incorporated in a total cradle to grave plan for each trade. That lying in wait is a much less taxing method of attack than chasing the prey every day. Those expectations are an insidious, dangerous and disappointing approach to issues we choose or need to address. Long live reality for its honesty and the reminder we frequently need to stay simply putting one foot in front of the other. Get real every body!! What drives you? Expectations or reality? It is a worthy determination.
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The copyright for this content entitled "trading with discipline" has been specified by the contributor as:
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This content may not be copied, distributed or adapted by anyone under any circumstances.
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This intel was contributed by TomL
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May, 2012
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