"Then last year sometime, my friend Billy over in The Other Place, made a comment that brought all the abstract into solid form...he announced that he goes into every trade expecting to lose. Expecting...to...lose. Roll that around in your mind for a minute or two. It sounds idiotic and so counter-intuitive but honestly, he nailed it dead centre.
Try it. Write off the trade as you go in. Once you verbalise that, put it out into the universe, it is incredibly freeing. A great weight is lifted off your shoulders. I am sure there is a psychological paper somewhere that covers it all very well! I just know it works."
The more pessimistic you are about your trade, before entering - the better off you are. This will cause you to run what if scenarios in your mind, and will led you see things that will not be apparent if you feel like overly optimistic about the trade. Now this takes time to master, I am not condoning analysis paralysis attitude but a path to a purely objective outlook in your mind (maybe that makes no sense, no way other way to express this).
Most of my best trades are taking after I have driven myself mad , and pulled the trigger anyway. The worst ones are when I feel like I control the market
.Now a caveat: Certain setups are mechanical you pull the trigger and move on. But the real treasure troves lye under the sea as it moves through & through waves upon waves. Would you just surf every single wave to get your trove on your map. Or do you first observe and ask questions? Who is getting eaten alive by sharks? That dude just wiped out, think that wave is well underway & and its better to wait. Oh man I see another feeding frenzy, I think this is it, no no false alarm just a group of young kids acting foolish and playing in the water. Hmm, now what? Wait Wait I see a Fin, heading to a group of unware surfers let see what happens. Oh man told wipeout clean across the board.
Is this it, seems that way. Looks ok in terms of direction. Hmm not sure, too scary. What if the shark is not finish feasting? What then. How do I escape? You have to do it , no its doesn't look right? Go over the map and direction again. Does it match? Yes. Then just do it...Ahh (day later) ok.
I told you, can drive you mad
