Category: A Traders Journey
Self-control ..If you can master self-control, you can master anything. What exactly is self-control? simple, controlling yourself. Haha. that’s the lame version. The dictionary meaning would be: the ability to regulate and alter your responses in order to avoid undesirable behaviors, increase desirable ones, and achieve long-term goals. Research has shown that possessing self-control can be important for health and well-being. See it this way, That lingering thought in your head, the war between impulsivity and doing what’s right or beneficial.
For traders, It’s the ability to control emotions, impulses or behaviors to achieve consistency and profitability. Most traders will ask, Is self-control really that important, or is it better to enjoy the moment and not concern oneself with future outcomes? However, besides risking the ability to achieve long-term goals, there are other problematic issues with a lack of self-control.
Traders who lack self-control often give in to impulsive behavior and emotions as well..
Relationships, are all about connection. The dictionary definition is: a state of being connected. The question is, do you have a great connection with the market? Are you connected with the market? How can a trader connect to the market?.. You know, I believe connections are all about understanding. In romantic relationships, most people who end up in shattered relationships or heart-breaks (not trying to be insensitive) are usually—due to lack of understanding. Similarly, in any other relationship.. including between siblings, mother-daughter, father-son.. Likewise, trading.
Having a connection with the market means you understand the market to a certain level were: communication also takes place.
In addition, the market communicates—your job as a trader is to listen and understand..
Reflection [chuckles] What is reflection? Do you love your own reflection? So many questions—with, yet again… different definitions. A reflection is the return of light, heat, energy or sound waves from any surface. “To fix one’s thoughts (particularly from the past) on something”, is also a reflection. When you reflect, you ponder, mull, think—reflecting is synonymous with “past”—In most cases, you can only reflect if it’s something from the past.
However, writing this particular journal entry, I thought of: “what our reflections would be like as traders”. Have you ever had to reflect back to who you were before trading?, Well, I do sometimes, who am I kidding? I’m even doing it now.
According to our definitions, In the word reflection, we get to pick some words like: “The return of light, heat, energy or soundwaves”, “Fix one’s thoughts”… You know what this means?, The first definition, simply means: your reflection is how you feel at a particular moment, the energy you transmit at that point is reflected. That’s why, if you look in the mirror—sad, you will not expect to see someone happy in there. Whereas, the second is an escape from realty. That is, when you reflect you leave this particular plane, moment and travel back in time.