Thursday, October 23, 2008
Missing Trades....
some days just not as sharp. Missed my trades in eur and gbp.
Fortunately, got the aud and booked 51pips.
Seem rather out of sorts today so must practice patience. Breathing excercise while watching.
Added a tiny wee bit more... nett total 78 pips today.
The only way to overcome a bad habit is to replace it with a good one.
Many people go about the opposite way. Trying to get rid of it.
But understand how habits are formed.
Had a nice discussion on muscle memory with a gd friend last nite thru IM.
When one develops good trading habits dun be kay kiang. Milk it and stick with it.
But when one starts practising bad habits in trading and through dumb luck win a few times with it. It becomes a thorn in the flesh.
Its like golf. Practice , Practice, Practice.
We all have inherent talent . Why waste it.
Thats why Ed Seykota said...." ...u get what u want from the markets.."
Many people self sabotage. Its a deep seated trait / habit to lose $.
One reason I can think of is ...." the love of $ is the root of all evil.."
Understanding things from the mind's perspective to form logical, commonsense, reasons, is a double edged sword. Thats why my signature says..." get out of ur own way".
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment