Originally posted by daniel_m
not sure how to answer your question jcom (uggh, that reminds me too much of 'j-lo'). did u mean to ask "are the benefits equal(ish)?"
if so, for all practical, "numbers-based" purposes they are. in both cases, from the markets perspective, no action was taken. so it matters little whether that non-action was a result of patience, restraint or an armed holdup.
(here's a tip, anytime you wanna use a word you're not sure of, pop into www.dictionary.com and get the lowdown 
)
"restraint---> rigid, forced and artificial"
i'm curious, what would action would you prescribe to a person whose "natural" instinct is to act (as opposed to being patient)? is he supposed to just throw his hands up in defeat exclaiming, "arghh, i'm just not patient. so since my "natural" inclination is to act, i must; otherwise i'm being artificial..."
the difference between restraint and patience isn't simply the lack of intellectual understanding on the part of restraint (among other differences). anyone can know what to do; even be able to give a formal dissertation on what action (or lack thereof) is required.
if patience is a skill that can be learnt, and not some inherent charateristic of personality, then what is so unreasonable about there being a period where such action (or inaction, in the case of patience) feels uncomfortable and difficult (or "artificial")? surely the way to develop a skill is to do that skill. your summation,inadvertently, suggests that either a person has patience or he doesn't.
Danny Boy ohhhhhh Danny Boy (you like that song?),
Danny is there really such a thing as "non-action" or is that just our dualistic mode of thought casting yet another illusion???
As products of the human condition are we not bound to the inescapable pendelum of action?
Is our fate and/or condition any different than that of fleas on a hot griddle?? He jumps ----> he must fall ----> he must jump...
As I was sitting quietly doing nothing yesterday afternoon as she chopped around -- was I not acting?
Do we even have a choice in this matter??
Is a Zen monk sitting quietly in Za-zen meditation acting? Or is he not acting and how would we distinguish between the two?
What constitutes an action?
Can we avoid acting as traders anymore than we can avoid losses?
Danny I never said that patience was an innate virtue -- what I was implying that virtue is not true virtue if it is precontrived or forced. Virtue should be spontaneaous and natural, a virtous man will be so without ever thinking about it. It can be learnt but not on an intellectual level and not second hand. It will come from her. There is a greater understanding IMO than that of intellectual understanding -- it is called wisdom through action! Through experience. It will be acted out numerous times before being apprehended as a virtue.
The extrinsic benefits of restraint vs. genuine patience might turn out to be the same on a micro-scopic level, ie this trade, but the whole notion of restraint suggests discord between the market and the trader, discover what perpetuates the disord and the trader will be in harmony with her. He will no longer have to strain and when we stop struggling ------> WE FLOAT!
So while this trade may turn out to be "even" monetarily, the one who is in harmony will have the most cheddar in the end.
PEACE my friend and get ready for your ASS WHOOPIN cause it is coming, can you hear it Danny boy, the winds of change that is? listen closely buddy aahhhhhh, I know you liked that trade huh? you can take Brooks and shove him up your ........
