Quote from NERVESASTEEL:
âWhy is the obvious, not so obvious?â
⦠because most look outside themselves for the answers!
As a trader, it is important to learn all you can from various sources, (i.e. âExpertsâ, âSystemsâ, âRulesâ etc.), but in the end, it is YOUR skills, YOUR discipline, YOUR strategy that will make or break you.
None of us trade exactly the same. We KNOW many of the same things. But we each have different strong and weak points which are refined into a personalized trading method that makes the most of our natural tendencies. Personally, I day trade to pay the bills, but counter trend swings over longer time frames to make the big money. I know when I begin to build a counter trend position for a swing, Iâll probably be feeling some pain. Other traders like NYSESTOCKS might say I was being âstupidâ for staying in a loosing trade. Others might try it themselves only to loose a lot of sleep resulting in eventual capitulation. Others might also enjoy the same success and suddenly find themselves with a 2nd Mercedes. Finding a system that truly works for you and all your individual, special traits is what will allow you to take money from other traders on a consistent basis. They are always looking outside themselves for an edge like NYSESTOCKâs âholy grailâ. Each of us only need look to ourselves!
âAll of what we are is the result of what WE have thoughtâ
- Buddha
Hmm, NOS, you touch upon a very delicate topic!
Once upon a time, in a not so far away land, I was very interested in Mr Bud, and his like!!
But, I can now tell you, in a world of reality, and with the utmost truth, that Mr Bud, and his aliasesâ, are nothing but a load of crap!!
Why is that you may ask - well, it is so, so, simple!
What the hell does someone know, who has never experienced the reality of the situation, know about it!!!!!!!!!!!!!
It is like saying that a new born baby knows to look after itself!
There has been some reference to history and wise "men" - and I myself did mention that we can learn from what has happened in the past - but if we are to be "real", then let us mention a very famous common sense saying:
"The only thing I know is that I know nothing"
If I know nothing, then there is one thing I better do!!!!!!!!!