Friday, April 30, 2010

Fill it, Shut it, Forget it!

According to a corollary of the Murphy's law

"If you fiddle with anything long enough, you are sure to break it!"

Nothing is more true with regards to the stock market pains of traders than this statement!

We enter a trade and immediately start worrying!!!

The ECG like movement of the graph increase our heart beat further.

Finally, our blood pressure, anxiety level and stress increase so much that one big move and we are out with loss!!!

It all happens despite our having done good homework before entering the trade.

It all happens because we keep on "fiddling" with the dance of the graph with our eyes and hence the mind!

I, too, was a victim of this deadly habit.

Bad habits die hard, they say!

For months and years I wondered when will I be able to have patience to leave the trade alone!

When will I give a genuine chance to my method to reach its "destination" before I trip it!!!

Until I found three reasons which gave me the way out.

First, if you don't have confidence on your method, you can never be confident of the trade! Period.

Second, if you are confident of the method's reliability, you must leave the trade alone once triggered.

Third, you can't win big if you can't bet the small profit for the big and complete profit! (provided your method's message is still in your trade's favour)!

Have guts to "turn off the computer"

and get out of the room!

Don't expect the curd if you keep stirring the milk.

Stop fiddling with your trade.

Fill it, Shut it, Forget it!

2 comments:

rochak parekh said...

Don't expect the curd if you keep stirring the milk.


never ever i have come across such a beautiful PHRASE
hats off to u veera
u r awesome
too simple a words to explain too complicated a thing
man, i am really out of my vocabulary to praise u
r parekh r

Kp said...

REALLY GOOD POST.
Ur commentary is like Sherry (Navjotsingh siddhu),.
very innovative and colourfull.

keep up the good work.