Thinking or Being?

Quote from SimpleSimon:

Anybody who has surfed through ET lately may have noticed that I have made several posts regarding the positive mental aspect of the game. Lately I have come to realize that some may misunderstand exactly what a positive mental outlook is. So I thought I might bring some clarity to the subject.

A positive mental outlook is not really thinking at all. It's more of a way of being. Sure it starts as a thought which basically says, I can. But it must be followed with ACTION. Over time those actions are analyzed and it is decided whether you are moving closer to your desired end or not. Adjustments are made or not made depending on your feedback. Only through ACTION can one learn and then grow.

Simply staring at the bid/ask spread and telling yourself to be positive will not get you very far.

you guys who try to Zen your accounts higher really make me laugh ... ROTFLMAO!!!!!!! :D
 
Quote from LongShot:



you guys who try to Zen your accounts higher really make me laugh ... ROTFLMAO!!!!!!! :D


Confuscious say: He who has time to make fun of other peoples methods have very small account!
 
Quote from SimpleSimon:




Confuscious say: He who has time to make fun of other peoples methods have very small account!

Confuscious?? Doesn't he trade at Bright?
 
"Plan Do Check Action": this is the famous Deming Wheel of Progress from Quality Management Guru Edwards Deming. In fact it is a spiral. And it has now spread in software ingeniering field under several methodologies like RUP (Rational Unified Process) or Extreme Programming that is to say ITERATIONS of process is now at honor. So it has done it after being put in practice intensively in military and industrial fields already for 50 years. I guess that it will take another 50 years to into finance field :D

Do things LITTLE BY LITTLE and don't try to GET THE PERFECTION IMMEDIATLY or YOU WILL GET THE CONTRARY. This is yes a mental state, a context within which all your other thinking and actions are conditionned by. The mental state is like the market environment: any rule is true within this context and not out of this context. So applying trading techniques without a correct mental state is very difficult. I already said it in other posts: the context is hidden but it is like your spinal backbone without it nothing stands high.

As a conclusion: "what is NOT said is more important that what is said."


Quote from SimpleSimon:

Anybody who has surfed through ET lately may have noticed that I have made several posts regarding the positive mental aspect of the game. Lately I have come to realize that some may misunderstand exactly what a positive mental outlook is. So I thought I might bring some clarity to the subject.

A positive mental outlook is not really thinking at all. It's more of a way of being. Sure it starts as a thought which basically says, I can. But it must be followed with ACTION. Over time those actions are analyzed and it is decided whether you are moving closer to your desired end or not. Adjustments are made or not made depending on your feedback. Only through ACTION can one learn and then grow.

Simply staring at the bid/ask spread and telling yourself to be positive will not get you very far.
 
Transforming idea into act is difficult without materialisation so I always try to realise it concretly for example in my bugit trading software :D

<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=244657>
 

Attachments

Back
Top