The discussion was the classic example of the trap almost all the investors fall into.
Traders were explaining many examples of others who had made money in so and so ways. Using so and so advisories. Using so and so services. There might have been one off incident, when people have made money using these methods. But every method requires its own discipline. Changing the methods and looking for a better grounds to make money is not the answer. It would also be extremely unfair to the other person, intended as the example, to assume he did not use any native intelligence. It is the law of nature that every body gets their rewards, if the person has got his rewards, there must be something he did it right. These methods would at the most, in my opinion, would only be a part of the method.
It is good in a way that traders are aware of that trading is not confined to their cities, but is a part of the BIG market. They knew there existed a good world outside their cities, but it how they tried to understand that 'world' that they slipped into error.
By giving the control of your position to an outside entity you are subjected to the vagaries that are beyond your control. By following some advisory blindly, the trader looses his freedom to the advisory. Trader is blind to the reason why a particular trade looks good. Trader becomes like a sheep that follows his shepherd. It takes more discipline to stay with the shepherd, when the time of crisis comes, very much similar to the 'owning' a position. Majority of the traders would not make profit no matter how great the devices may be, simply because of lack of discipline. In the times of crisis, the sheep ignores the shepherd and runs straight into the wolves’ den. Discipline is the backbone of all the arts and sciences, trading and investment included.
By thinking that the trader alone himself can’t make a profit and needs some outside help to make it, is indeed a Loser’s thought. Trader who is not confident of making the money on his own calls would scarcely make money on the others calls. Trading is the mental process in the realm of the sub-conscious. The traders thoughts are its visible constants. The minimum the trader can do is to keep the visible realms polished and positive. Trader must also constantly feed the sub-conscious with positive thoughts. It takes utmost discipline on the part of the trader to make the progress in this issue. It is hard work. But nobody said making money is easy, even in the markets.
In short, there is no Xanadu, no Utopia, and no Holy Grail. Life is short. It is better spent in using the present utilities, in smarter and smarter way, and achieve greater things. Don’t waste time, dig; shovel it, or if you have to dig with your hands, - Do it!!! Doing something is better than thinking theologies and metaphysics of digging!
There is no greater obstacle to success than trusting for something to turn up, instead of going to work and turning up something.
:) FALKOR
Traders were explaining many examples of others who had made money in so and so ways. Using so and so advisories. Using so and so services. There might have been one off incident, when people have made money using these methods. But every method requires its own discipline. Changing the methods and looking for a better grounds to make money is not the answer. It would also be extremely unfair to the other person, intended as the example, to assume he did not use any native intelligence. It is the law of nature that every body gets their rewards, if the person has got his rewards, there must be something he did it right. These methods would at the most, in my opinion, would only be a part of the method.
It is good in a way that traders are aware of that trading is not confined to their cities, but is a part of the BIG market. They knew there existed a good world outside their cities, but it how they tried to understand that 'world' that they slipped into error.
By giving the control of your position to an outside entity you are subjected to the vagaries that are beyond your control. By following some advisory blindly, the trader looses his freedom to the advisory. Trader is blind to the reason why a particular trade looks good. Trader becomes like a sheep that follows his shepherd. It takes more discipline to stay with the shepherd, when the time of crisis comes, very much similar to the 'owning' a position. Majority of the traders would not make profit no matter how great the devices may be, simply because of lack of discipline. In the times of crisis, the sheep ignores the shepherd and runs straight into the wolves’ den. Discipline is the backbone of all the arts and sciences, trading and investment included.
By thinking that the trader alone himself can’t make a profit and needs some outside help to make it, is indeed a Loser’s thought. Trader who is not confident of making the money on his own calls would scarcely make money on the others calls. Trading is the mental process in the realm of the sub-conscious. The traders thoughts are its visible constants. The minimum the trader can do is to keep the visible realms polished and positive. Trader must also constantly feed the sub-conscious with positive thoughts. It takes utmost discipline on the part of the trader to make the progress in this issue. It is hard work. But nobody said making money is easy, even in the markets.
In short, there is no Xanadu, no Utopia, and no Holy Grail. Life is short. It is better spent in using the present utilities, in smarter and smarter way, and achieve greater things. Don’t waste time, dig; shovel it, or if you have to dig with your hands, - Do it!!! Doing something is better than thinking theologies and metaphysics of digging!
There is no greater obstacle to success than trusting for something to turn up, instead of going to work and turning up something.
:) FALKOR
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