No particular reason for this post
I stumbled upon the whole financial market trading thing about three years ago, with no prior in-depth knowledge about its existence, let alone the technical, fundamental and emotional aspect which could contribute to the volatility of the market.
My perception of reality when trading is that I need only two things to be a consistently profitable trader, the mental discipline and a reoccurring technical cue, everything else is irrelevant.
I am not a constantly profitable trader due to only acquiring one of the two attributes I believe to be my “holy grail”, I have a reoccurring technical cue but I haven’t completely grasped the mental discipline to wield the technical cue. I guess I view trading as a medieval battle ground where you need your sword to attack (reoccurring technical cue) and your shield to defend (mental discipline), I need my technical cue to enter trades and my mental discipline to follow a pre set plan of action for any of the following scenarios:
I. The market moves up
II. The market moves down
III. The markets gaps
When I’m trading the trading plan, I am a consistently profitable trader, but when I deviate from the plan despite how little I may think it is, it all comes crashing down. Overall, I can end up with losses several times the amount that was initially intended which in turn evokes a certain mind-state and that certain mind-state is accompanied by emotions which restrict me from reaching my true goal.
I own 11 books : Way of the turtle, Fooled by randomness, The strangest secret, Exceptional trading: The mind game, Trade chart patterns like the pros, Sun Tzu - The art of war, Trader Vic – Methods of a wall street master, The dow theory, The power of habit, Using your brain-for a change: Neuro-linguistic programming and a dictionary & thesaurus.
Only a few of these books really opened my eyes to the way that I should approached trading (before and after), I personally believe trading is a un-bias mirror of myself, so for me to achieve my true goal I need to first learn and understand. . .