Trade like you will die tomorrow

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eudamonia
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Trade like you will die tomorrow

Postby eudamonia » Tue Nov 02, 2010 3:51 pm

What if you traded today knowing you may die tomorrow and that your chances to survive the next 6 months were nearly zero?

Would you fear taking your setups?

Would you hold back anything that you knew your were capable of?

Would you trade each day as though it were your last?

What if your name was Valles Garcia and you were tired of living in fear?

http://edition.cnn.com/2010/WORLD/ameri ... ef/?hpt=C1

This one 20-year old woman has more cajones than all the machismo guys in Mexico. Even if she dies today she will have lived more than any one of the rest of us who lives each hour huddled in terror.

What if you could summon 1/100th that courage to trade like a man and not a mouse? Even if just for one day.
Eudaimonia (pron.: you-die-moan-e-a) (Greek: εὐδαιμονία) is a classical Greek word commonly translated as 'happiness'. The less subjective "human flourishing" is often preferred as a translation.

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karabar
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Postby karabar » Tue Nov 02, 2010 4:26 pm

Thats what I'm doing right now with two trades and no stop loss, take it all or lose it either way I'm going to sleep.

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tmanbone
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Postby tmanbone » Tue Nov 02, 2010 4:28 pm

She's got purpose. Thanks for sharing.
"The simplicity of the markets is it's greatest disguise"

T

csbueno
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Re: Trade like you will die tomorrow

Postby csbueno » Tue Nov 02, 2010 5:32 pm

eudamonia wrote:What if you traded today knowing you may die tomorrow and that your chances to survive the next 6 months were nearly zero?

Would you fear taking your setups?

Would you hold back anything that you knew your were capable of?

Would you trade each day as though it were your last?

What if your name was Valles Garcia and you were tired of living in fear?


This one 20-year old woman has more cajones than all the machismo guys in Mexico. Even if she dies today she will have lived more than any one of the rest of us who lives each hour huddled in terror.

What if you could summon 1/100th that courage to trade like a man and not a mouse? Even if just for one day.



Agree.


If we leave our fears behind, we all be so much better traders;If we let our intuition works for us, we all be profitable.
Intuition can be developed by practice and experience; after years of trading, our subconcious mind can detect trading opportunities accurately. But fear stop us.

regards
Carlos

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newschool
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Postby newschool » Tue Nov 02, 2010 6:44 pm

I think eudamonia is talking about fear of trading the strategy that only exist on paper at first.

Whenever I use my intuition instead of following my strategy rules, I enter too fast and exit too soon.

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ajaymein
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Postby ajaymein » Tue Nov 02, 2010 9:07 pm

Fear causes you to block out the information the market is giving you, and forces your focus on the single event you are fearful of. Then, when you are out of your "feared state of mind", you will look back and interpret market information and say "Why I didn't think of that then" or "DAMNIT, THERE WAS MY SIGNAL TO GET OUT!".

Once you learn to accept the risk involved in each trade and aren't afraid of that risk, the market can do NOTHING AT ALL to cause you to be fearful.

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bredin
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Postby bredin » Tue Nov 02, 2010 9:52 pm

"Decision made from fear are bad decisions"

G.
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rob_deniro
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Postby rob_deniro » Wed Nov 03, 2010 6:22 pm

Hello and thanks I really appreciated reading this yesterday! Learning when to hold on and when to get out is proving quite challenging, seems being brave (and not foolish) has got a lot to do with it :)

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Postby TheRumpledOne » Wed Nov 03, 2010 9:10 pm

If I were going to die tomorrow, I would not be trading today!!
IT'S NOT WHAT YOU TRADE, IT'S HOW YOU TRADE IT!

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trueblueTEX
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Postby trueblueTEX » Wed Nov 03, 2010 9:44 pm

I'm with you, TRO, I'd be thinking margaritas and women.

My wife might not be happy with it but what's she to do, kill me?!

Laugh_Smile

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