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  1. M

    Zen and The Art of Trading

    If there is such a thing as a secret... this is what I had been looking for. I reluctantly put this up because these writings are passed down by the sages to help all people and not just me. This is an excerpt from the chapter "The Preservation of Life" from Chuang Tzu: (translated into...
  2. M

    Zen and The Art of Trading

    "POKER RULE#18: Don't be drawn in by sudden frequent play on the part of another player... As always, play your cards, ignore the actions of others." Do not drawn into the market by sudden movements of the market or what other people say. Read the chart, establish the bias, and follow your...
  3. M

    Zen and The Art of Trading

    "POKER RULE#17: Learn to control chaos... Chaos theory is the branch of physics that deals with situations that expand into disorder as they unfold... One characteristic of such event is that they are sensitive to initial conditions... Accordingly, the rule is: Control things at the...
  4. M

    Zen and The Art of Trading

    In order to get comfortable in missing marginal trades. One has to perform "wu-wei" or "action-less action" as described in Taoism. Trade without agenda and take what the market gives you. If one has some numbers in his or her head or some money one needs to get back... one will start to put...
  5. M

    Zen and The Art of Trading

    "POKER RULE#16: Stick to the best starter cards... Failing to play only good starter cards is like running a foot-race against the other players with a self-imposed handicap - like having a metal weight tie to your foot as the race begins. Play the best cards at the beginning of the hand, and...
  6. M

    Zen and The Art of Trading

    Obviously she was not exactly focused in her lecturing either... so no hard feeling. :)
  7. M

    Zen and The Art of Trading

    Feel free to post rule#43 :) or whichever rules you feel appropriate for our discussion.
  8. M

    Zen and The Art of Trading

    Thanks. I think it is really a fine balance... It's how you manage what's going on inside your head. I don't think just chanting the mantra "Discipline! Discipline! Discipline!" is going to work for the long run because if you don't even give that little voice a chance to speak out...
  9. M

    Zen and The Art of Trading

    "POKER RULE#15: Begin by playing tight, but don't forget to stay tight... The important thing is not who possesses the control and discipline at the start of the game, but who possesses it at the middle, the end, and all points throughout." I got these from the quotes of Vincent Lombardi...
  10. M

    Zen and The Art of Trading

    I am not particularly patient (a sucker)... I just walk away if I can and let the patient experts play the patient game. Yes, I miss opportunities but I only want bits and pieces... it's pitiful but it's OK with me.
  11. M

    Zen and The Art of Trading

    "POKER RULE#14: Learn to play against other patient players... Put in with this group he finds that there are other patient players like himself. He learns that there is a whole other level that exists. He learns that there is a patience so slow that it is almost Zen-like." I am not patient...
  12. M

    Zen and The Art of Trading

    Are you Thrangu Rinpoche's student? I heard he won't travel to States for the next few years :(
  13. M

    Zen and The Art of Trading

    Who's Teresa Lo?
  14. M

    Zen and The Art of Trading

    It's no secret. He plays pullback on a strong trend and he averages into his position. I am telling you he is willing to sit on a large paper loss - not for a weak mind like me. I don't really want to talk about it in details because I am not sure that is his wish. But you can found somewhat...
  15. M

    Zen and The Art of Trading

    When I first started out... knowing I know nothing, I thought I better attend a seminar for several days and learn from an experienced trader. I guess the seminar is the worst decision I made: They showed me how to handle the gun and the magic bullet called discipline then they handed me the...
  16. M

    Zen and The Art of Trading

    Meditation will certainly quiet the mind down and slow down the chattering but that is not the goal in itself, it is more of giving a chance for us to bring back our awareness. The traditional practical instructions explains that the real goal of meditation is not to shut it up. I got this...
  17. M

    Zen and The Art of Trading

    I have both the problems above although now they are under the watch now. I agree with chinook that visualization can play a big part. It's been used in professional sports for decades. The subconscious mind cannot distinguished what is being visualize and what is being actually experienced...
  18. M

    Zen and The Art of Trading

    You are right. For one I am not patient and that is probably "THE" problem but I think impatience does not stand on its own. I don't think I can just be patient (although I am trying with hypnosis) until I correct all the faulty beliefs, patterns, metaphors and expectations... :(
  19. M

    Zen and The Art of Trading

    We can always go back and we should when we have new thoughts and definitely the new visitors to this board should post their thoughts on the old posts. We need everybody's inputs here. Would you like to add comments on rule #6? The only purpose of this board is to really lay out our...
  20. M

    Zen and The Art of Trading

    It's OK. I have the same feeling. I think these are my hurdles: 1) Unrealistic metaphors: I read way too many market wizard books and the thing I pick out is the deadly image of a perfect trader who has special power, emotions under control and rarely has teeny draws. Far from reality and...
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