Quote from marketsurfer:
the state of mind required to constantly extract profits from the market seems to be diametrically opposed to "real" life. are you able to turn this 'state of mind" off when the market closes for day ? OR does it extract a toll on the other aspects of your life ??
just wondering,
surf
It became a serious problem for me. My personality actually split. I became two different people. My trading was successful but my life was not.Quote from marketsurfer:
the state of mind required to constantly extract profits from the market seems to be diametrically opposed to "real" life. are you able to turn this 'state of mind" off when the market closes for day ? OR does it extract a toll on the other aspects of your life ??
just wondering,
surf
Quote from F. d'Anconia:
to all of life's problems is readily found in sound trading practice.
It is simply disattachment and nothing more.
Pain in the markets is only as you perceive it, as is pain in life.
Same for euphoria.................
all attachment is suffering.
and........everything is relative.
Imagine if you will that the opposite side of every trade is someone out there (a real live person given to fear and greed just like you). And this zero sum game is going on between the two of you. When you short, they buy from you and when you buy, they sell to you. Prices move up and down and you are happy when they are sad and they are happy when you are sad.
Now just imagine that you are a third person watching this ridiculous vascillation of emotion. You feel nothing because you aren't in the position of the other two. Yet nothing is different. Prices go up and prices go down. But the third person perceives things very differently, or rather doesn't perceive anything, either negative or positive about the price action.
And (IMHO) I think that's essentially the trick. To really believe (and not just say) that no market is bad (just different). And also; in daytrading at least, to have no real bias past your immediate timeframe. To have a longer term bias is really just your ego attached to its opinion.
regards, Surf.
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