The NOW MOMENT in Life and Markets

psychology is the key to success in trading. are you match tough?

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PebbleTrader
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The NOW MOMENT in Life and Markets

Postby PebbleTrader » Sat Dec 04, 2010 2:58 pm

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The past is history. The future is a mystery. The present is all we have, and that's why we call the present a gift. THIS is the perfect moment and you are always in it.

How do we create our best life? How do we find that longed-for balance of fulfillment, serenity, financial stability, and comforting relationships? When do we achieve these things?

Hope and outcome aren't bad in and of themselves. Great achievements started with hope, but they needed action to implement them. Hope without action is just that. Outcome? We can't know what we don't know and no one knows the future. As a trader, one of my daily affirmations is: Detach from the outcome of each trade.

Even after the carnage of 2008, there are traders that refuse to sell short because they're attached to the outcome of being long. "It's anti-American, disloyal to short," say those who hold on to stocks far longer than they should. "You're turning your back on a long-time friend! Winners never quit and quitters never win," and so on. They're attached to the outcome, thinking that letting go of their unproductive stock picks would prove disastrous ("They will come back -- I just know it!"). Many are still in the buy and cry mode, despite suffering enormous losses to their portfolios. They've stepped out of the present moment into the hands of some unknown future where they've relinquished their personal power to an unknown future.

This is similar to people who stay in bad relationships. Even though the hurtful behaviors never change, some days are better than others -- enough to create the slim hope that he or she will one day wake up and everything will be just wonderful. Meanwhile, the relationship is like a roller coaster ride with breathtaking dips, pitches, jolts, bumps, and curves. What might have been fun and enjoyable becomes painful, unpredictable, and out of control. A couple with that sort of yo-yo pattern is attached to the outcome that things will be better -- tomorrow. So they don't live in "today," staying instead in the rut of hope -- day after day, tomorrow after tomorrow. Eventually they wake up and realize nothing they'd hoped for came true for them. What a sad day that is! It doesn't have to be yours.

In all areas of life, including trading, you can make that transition to get out of the future and back to the present. You can be in control of what you think and what you do, especially with your stock positions. Sever your attachment to outcome, and think, "There is no tomorrow, just today. Just now. This is the perfect moment and I am always in it."

I strive every day to take personal responsibility for everything I say, do, feel, and think. The only way to do this is to constantly come back center -- to the moment -- the here and now. I don't always succeed, but that's not the point. It's about progress -- not perfection -- much the same as learning to trade or striving to be the best human being we can be. Being in the present brings freedom and authenticity. It means that we're radically honest with ourselves and others, and that we stand ready to accept the consequences -- no matter what they are. We're not living in some future fantasy world. We're fully present in the flow of whatever is going on.

In the markets, flow behavior is rewarded because it allows us to be flexible, adaptable, and gives us what the markets are offering -- rather than what we think they ought to offer. It reminds us that every moment in the markets is unique and that anything can happen at any time. By releasing attachment to outcome, we have freedom to be fully in control of how we respond. It releases us from the chaos of reacting and from the emotional gyrations that almost always lead to losses. It leads us to come back constantly to the nine most important words each of us can ever ask: "Is this the best I can do right now?"

The past is history. The future is a mystery. The present is all we have, and that's why we call the present a gift. THIS is the perfect moment and you are always in it.
Life is just a journey

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biggusdickus
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Postby biggusdickus » Tue Oct 07, 2014 6:01 pm

Perfectly said!

It took me years to understand the truth about this.
Awareness has completely changed my trading.


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