prochargedmopar wrote:Analytical knowledge is one thing.
Spiritual knowledge deep within my bones is another.
https://www.kreslik.com/forums/post5568 ... tra#p55688 «Mon May 30, 2011»
prochargedmopar wrote:THE MONEY MANTRA!!!
"Money is something that happens to people who do the right things irrespective of short term results". MightyOne
That is to say,
https://www.kreslik.com/forums/post6428 ... ive#p64289 «Thu Aug 16, 2012»
TygerKrane wrote:You need the ability to trade your plan through the difficult times; this is facilitated by a belief in your trading plan.
As MighyOne once said,
"Money is something that happens to people who do the right things irrespective of short term results."
You can do the right things irrespective of short term results when you have a core philosophy deep in your mind; when you TRULY believe in your core philosophy, (you can accept losses, b/c you KNOW you are doing the right thing), you can follow your rules systematically, and allow them (read: WAIT for them) to lead you into the opportunities to participate in the market profitably.
[[1½ years later...]]
https://www.kreslik.com/forums/post7573 ... ive#p75735 «Wed Jan 15, 2014»
TygerKrane wrote:As I said, I re-read all of my Trader Psychology and mindset notes before I got back into trading...out of everything I read, this is what was echoing through my head the most throughout my first day back:
Money is something that happens to people who do the right things irrespective of Short term results.
☞☞☞ I can get consistent results if I understand that technical methods are NOT designed to tell me what's going to happen NEXT on a *Trade-by-trade* basis. Just to understand that technical methods & patterns are designed to put the odds of success in my favor over a series of trades. ☜☜☜
I'm just trying to get to the point where I can Follow My Rules of Engagement, EVERY TIME, with minimal effort and minimal struggle.
I am looking for when I can recognize my pattern and put on my trade without the slightest bit of hesitation or conflict, with zero emotional discomfort; b/c then I will know that I've accepted the risks and fully believe that my success comes from my pattern playing out over a *series* of trades.
And, I would add:
- "The PATIENCE to carry out, A lot of Short Term commitments to a Longer Term goal."