Quote from Magna:
I noticed the same. There are a few people at ET that can do no wrong, that never seem to have down-days or down-weeks, or heaven forbid a down-month, etc. If it's true and they're really über-traders all the time then more power to them. But I've learned to take many things people say here with a grain, make that a large dose, of salt....
Quote from cornholetrading:
Also why is it that the big losing trade happens so quickly but the winning trade for the same size move takes so long and is so hard to get? I got bent over on my first trade which did not last very long and spent the rest of the day trying to make it back. Can be a pretty unforgiving environment some days.
Quote from acrary:
Time to practice tough thinking.
When nothings going right:
Hang in there, baby. Keep fighting. Things will turn my way. Come on - I can do this!!!
When fear has you by the throat and your drawdown feels like you're being sucked under:
I love it!
When faced with one frustrating trade after another:
Bring 'em on - all of 'em. If anyone needs practice at discipline. It's me!!
When you feel burned out, negative, and weak:
Today will be a great challenge for me. I've got to be super-tough today to make it. If I can do it here and now, I can do it anywhere. I'm going to hang in there no matter what! No excuses!
When you feel like giving up:
I never surrender! Not me. Not ever. I will fight until it's over, and it ain't over until it's over!
We can't always win, but we can always be prepared for whatever happens.
Eventually this trading slop will change. Just try to keep losses small or take a break until it does.
Quote from I Missed Boat:
Did you steal that one from me??![]()
Quote from iceman1:
apparently said the following (signature of ET member "Rock_):
"Defeat is a state of mind. No one is ever defeated until defeat has been accepted as a reality. To me, defeat in anything is merely temporary, and its punishment is but an urge for me to (apply) greater effort to achieve my goal. Defeat simply tells me that something is wrong in my doing; it is a path leading to success and truth." - Bruce Lee
Yeah... I do like to keep my feet on the ground usually, and therefore don't like to blow smoke up anyone's ass or get it up mine. Things HAVE gotten "less easy"... not hard! The gravy train's at the yard for repairs... and some of the tracks have broken down or rusted. But as life goes forward and (hopefully) we all gain a little more wisdom.... I believe this philosophy of Lee's is a way to live life with a degree of dignity and courage... and most importantly, perspective. The next time any of us on ET feel like victims and/ or lament our inability to score as big as needed or wanted... I strongly suggest we pay a visit to Children's Memorial Hospital on the northside of Chicago... the cancer ward. OR perhaps the Rehabilitation Institute of Chicago (where I used to feed my friend rendered quadriplegic in a truck accident @ 31 yrs). I'll organize the outing. Or go visit or volunteer somewhere near your home or office!
Think I'm kidding?!
Try it this month. THEN... if one walks out with no greater insight and perspective into their present lot in life and trading.... yes, maybe even thanking the Universe for providing the challenge, opportunity and skill to do this... win or lose... even in so-called very "tough" times... then one needs to QUIT! Because without perspective... a view of the larger picture of this universe we inhabit if you will... one cannot be a successful trader over the long haul much less enjoy the financial fruits of success, anyway! And in case any of us who take life for granted forget (and that includes me often in my life) ......... "long haul" has highs and lows... but true happiness is found within the range. More importantly, for some the "haul" is not very "long"! For us ETs it could all end tomorrow, as it could for any of our loved ones. Sound like boilerplate hyperbole? It's not.
Apparently Bruce Lee gained enough perspective in less than 3 decades of living... such that he's being emulated years later. Would he have succeeded in these "tough" markets!? Hmmmm... maybe we should all ask ourselves that very question this weekend! And then target his philosophy as our goal.
Iceman![]()
