Disliked{quote} Thanks Davit well said. I for one do not follow much fundamentals and although I have my reasons it is times like these when I pay the price. I will pay closer attention to it since I want to correct any mistakes I make. In the long term this system is still extremely profitable. Since I will incur loses I rather it be by these unexpected situations that we do not foresee. Because when market is at its "normal" state this method will recover any loss and end up in huge profit. This is what my experience has shown me.Ignored
I want to post something interesting..wait a sec
this is from clipboard PDF called Davit's Philosophy (changed the name for copy rights issues)
chapter 24
FORGIVENESS
One of the biggest problems I see with traders is that they refuse to forgive themselves for
trading mistakes. This causes a much bigger problem than most people realize. You see, when
you make a trading mistake, you need to forgive yourself for making that mistake.
But the thing is many people do not forgive themselves for their mistakes. In fact, they
do quite the opposite. They beat themselves up and continually picture what they did wrong in
vivid detail. This is the very worst thing you can do after making a mistake, trading or otherwise.
Forgiveness is a key concept in Psycho-Cybernetics. As we’ve just learned about how
our subconscious works, we know that if we continually picture in vivid detail something, it
causes that picture to come true for us. Or it at least makes it much more likely for it to come
true. So it only makes sense that if we make a mistake, we must forget that mistake and forgive
ourselves completely. If, on the other hand, we don’t forgive ourselves and relive the mistake in
our minds again and again, what do you think is going to happen?
It’s obvious that we will repeat the mistake. This happens because our subconscious does
not care whether we give it good or bad information, it simply sees the clear pictures we give it
and tries to act it out in our lives. Obviously, it can only act this picture out if it’s within our
capabilities. And I think we all know that making trading mistakes is quite within our
capabilities.
This is the reason it is so important to forgive ourselves when we make a mistake or an
error. If we don’t, we are likely to relive the mistake in our minds and then most likely project it
onto our trading. This will cause big problems.
If you think back, I’m sure can you think of times where you made mistakes and beat
yourself up for it. Not forgiving yourself, no matter what the mistake, will bring out the worst
emotions. Remorse, regret, self-doubt, and guilt all come with not forgiving ourselves for a past
mistake.
You’ve heard it all before. I’m sure you’ve been told to forget a past losing trade and
move on to the next one. Emotions are used correctly and appropriately when it applies to
something in the present time. Since we cannot live in the past, we can’t appropriately react
emotionally to the past.
As Dr. Maltz says, “The past can be simply written off, closed, forgotten, insofar as our
emotional reactions are concerned. We do not need to take an emotional position one way or the
other regarding detours that might have taken us off course in the past. The important thing is
our present direction and our present goal. We need to recognize our own errors as mistakes.
This forgiveness part is bigger much bigger then you think.Its in Christianity core values as well and carries greater weight to free one's self from hate.
Often rape victims or genocide survivors become living victims because the hate they feel towards their perpetrators eat them inside paralyzing their full potential.Only release is to forgive their perpetrators....Only way to move forward.
Just wanted to relate that forgiveness carries greater context.
Regards
In trading, you have to be defensive and aggressive at the same time
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