What do you do to Reset?

[Sprout]

Curious what experienced folks do to reset themselves after being:

1) On the right side of the market

2) On the wrong side of the market

To the degree that either is beyond what one has experienced before. For example, after the biggest winning trade or the largest losing trade one has experienced.

 

[tommcginnis]

Curious what experienced folks do to reset themselves after being:

1) On the right side of the market

2) On the wrong side of the market

To the degree that either is beyond what one has experienced before. For example, after the biggest winning trade or the largest losing trade one has experienced.

1) I remind myself, "I suck."

2) I remind myself, "I don't suck so bad."

I used to coach Youth Soccer, and while goals were exciting, it was so easy to see the guppies [ever just sit and watch the littlest kids play soccer? they run around like guppies in a fish tank...] get all excited, *totally* lose focus and think that *every* goal will be that easy, and then they get withered when the next goal goes to the other team.

So I would preach and preach and remind them (in Indianapolis)
-- *This* ball is the most important. This ball right *now*.
-- The other balls are gone; they don't matter at all.
If Payton Manning throws a touchdown pass, he'll be happy! But he'll go into the next huddle as cool and as calm and as deliberate as he every would be, because it's the *current* ball-in-play that matters. If he throws an interception?? He won't be pleased!! But the next time he gets in the huddle, that interception better be wayyyyy behind him! Why?!?!?
(and if I were lucky, I'd get...)
"Cuz this ball is the only ball that matters!"

This *trade* is the only trade that matters.

 

[speedo]

1) I remind myself, "I suck."

2) I remind myself, "I don't suck so bad."

I used to coach Youth Soccer, and while goals were exciting, it was so easy to see the guppies [ever just sit and watch the littlest kids play soccer? they run around like guppies in a fish tank...] get all excited, *totally* lose focus and think that *every* goal will be that easy, and then they get withered when the next goal goes to the other team.

So I would preach and preach and remind them (in Indianapolis)
-- *This* ball is the most important. This ball right *now*.
-- The other balls are gone; they don't matter at all.
If Payton Manning throws a touchdown pass, he'll be happy! But he'll go into the next huddle as cool and as calm and as deliberate as he every would be, because it's the *current* ball-in-play that matters. If he throws an interception?? He won't be pleased!! But the next time he gets in the huddle, that interception better be wayyyyy behind him! Why?!?!?
(and if I were lucky, I'd get...)
"Cuz this ball is the only ball that matters!"

This *trade* is the only trade that matters.

That is the Zen truth.

 

[birzos]

Curious what experienced folks do to reset themselves after being:

1) On the right side of the market

2) On the wrong side of the market

To the degree that either is beyond what one has experienced before. For example, after the biggest winning trade or the largest losing trade one has experienced.

Pre-emptively reset before the markets force you to, don't have big winners, don't have big losers, just have. Incrementally win, and if by chance you have a large loss you only lose your profits not your capital. You then just start again small, and repeat, otherwise known as compounding, the eighth wonder of the world.

 

[lawrence-lugar]

1) On the right side of the market

2) On the wrong side of the market

Well. you're either happy or sad. there's not much to it. -- we're all just basic humans.

What kind of DEEP answer are you looking for,

 

[qxr1011]

I remind myself the motto of the Soviet airborne: If not us then who ( Russian variation: Nobody but us)