a system with a veto

amplified emotions are fractures in psychological strength of a trader....

don't be too sad - it will hurt ur ability to survive the difficult times, 

don't be too happy - it will have a bearing on ur ability to stay alert......

=============

have a target....no harm in that....but never be adamant. 

be flexible. go with the flow. 

i have a lot of opinions and targets and views. some are v strong. but i give veto power to the system. 

though my system and my views concur for good part, there are often divergence which are beyond my comprehension. 

in those times, i go my system way, often to be amazed!!!

=============

human trading is inseparable from emotions. 

emotions are subject to virus attacks. 

a pre-determined evolved trading system is too primitive to be effected by the emotions and hence fairly advanced in the market which doesn't know how to counter simplicity.....

pilotless!!!

Js: dear V, I'm sure u don't leave ur shop open and unattended when u go elsewhere including trading. then why leave trades unattended while u manage shop!

Pl don't take trades casually or lightly. such approach has ruined many just like traditional businessmen who didn't take their business with discipline and seriousness.

generally I don't interfere in personal trading approach of others. but being a friend and well wisher I couldn't ignore ur message. u r talented and gifted as I have seen in the past. Pl take a break and come back 100pc.

dear Dev, since u ur self seem aware that u might be erring somewhere u r out of danger and on the edge of liberation from that issue . as osho says...Being aware about a crippling fact is itself half the liberation from it.

I also strongly believe in the maxim...."nobody is coming".....One has to save himself.

trading is not a pub we go to to drown our sorrows to seek cheap temporary thrill. trading is serious business.....self talk

saraswati, lakshmi, kuber. ....all there

Murliji: I recall my initial days of day trading in 2009. After placing orders without SL, used to go for official meetings for 2-3 hours. Now I realise how suicidal, it used to be. A pilot leaving cockpit for 2-3 hours and the plane will certainly crash. Now I don't trade unless google finance is available and proper SL is placed.

Js: If only our spouses or parents or children or friends circle knew what and how we are doing.....I'm sure we won't trade again the way we do.....self talk.there is a he'll lot of adhocism, casualness, gambling in our approach to trading....self talk

A pilot leaving cockpit for 2-3 hours and the plane will certainly crash......I like it Murliji

Murliji: Trading is definitely a serious business. Casual approach need to be avoided. Unfortunately we pass through that stage and realise at a later stage. Then we wish "koi lauta de mere beete hue din"

Js: It's ok to leave the cockpit for a few hours during trans continental positional flights but in day trading battle zone....no way

why not?

one of my friends just asked me...if while going up from 7191, 7060 plus minus is so evident....which is a good 150 points down...why don't u go short for it??.........

my answer (just to share with allfrienfriends)

One, because I avoid anti trend trade.

Second, it is not for sure.

Third, if it does dip to that I can buy double to gain as much as it comes up again

yes boss!

market

is like a strict boss

who rarely appreciates your good work

but leaves no opportunity

to reprimand you

and put you on the mat

for any mistake

you commit

even innocently!

==

however,

in the market

if you accept and acknowledge

every mistake honestly and promptly

and silently self-admire

every correct thing you do,

it can turn out to be

the best training for you!

---

21 days

experiments

by psychologists

have proved

that

any routine

repeated religiously

without break

for 21 days

becomes a second nature

a habit!

--

unfortunately

it includes

all the easy

bad trading habits.

--

but fortunately

it also includes

all the difficult

good trading habits!

looking for a jackpot?

9 out of 10

traders in the stockmarket

expect to hit a jackpot

sooner or later!

--

rather, they expect this to happen

sooner THAN later!!

--

probably as soon as today

if not right now!!!

--

so much so

that their entire trading system

and psychology

and habits

are heavily tilted towards

this overwhelming subconscious expectation!

--

it is an open secret

that jackpots

generally don't show up

often!

--

majority traders

have greyed their

trading hair

while waiting ashore

the stock market river

with their expectation nets

immersed deep

without any jackpot catch!

--

on the contrary

they have spent and lost

enough bait pennies

to make a jackpot

of their own!!!

--

those few traders who did stumble on a jackpot

more out of luck

than by design

lost it double fast

and remained hypnotised

for the rest of their lives!

--

rare events like jackpot

happen

rarely

and unexpectedly,

if at all!

--

you can't make

trading castles

on the sandy shore

of jackpot expectations!

--

instead

start with small and steady gains

thru a dependable method

improve it

convert it

into a habit

and then

try to increase the size of the gains

systematically and safely!

the returns this way

will not be jackpot

but jackdrum!!!

--

in a research in U.S.

it was proved

that bumblebees

prefer those species of flower

which assure steady availability of nectar.

they avoid those species of flowers

which may, at times,

yield

a "jackpot" of nectar

but majority of the times

return the bee empty mouth!!

--

not surprisingly

bees fill more pots of nectar in their lifetime

than a jack!!!

nip that pain in the bud!

pain of loss
is greater than
the pleasure of gain.
--
so when a trade goes wrong
which is often
especially for newcomers
and
loss appears on the screen
the new-bees are left with
only one way
to overcome
and avoid
the pain of loss
???
by not booking the loss
by not honouring the stop loss
....wishing the price
to turn
somehow
into the green
and become
a pleasure of gain!
--
obviously
this doesn't happen.
as a psychological miracle
the pain of loss
gradually turns into
the PLEASURE OF PAIN
and
the pleasure of pain
gradually turns into
the teasing
PAIN OF GAIN.

road to riches!

easy money goes easily

difficult money goes with difficulty!

but when

difficult money goes easily

people stay poor!

and when

easy money goes with difficulty

you are already on the road to riches!!

why we don't trigger stop loss

there are two reasons

why you will pull the trigger of the rifle

in the jungle

in front of a lion!

one

to protect yourself.

second

to hunt the lion.

the lion is likely to get killed

in both the cases

but

there is hell of a difference

between the two motives!

in one

you are defensive

in other

you are on the offensive

one is full of fear

other is full of confidence

similarly,

every trader has two reasons to trigger the stop loss

one

to prevent loss

second

to gain profit

again, there is hell of a difference between the two!

if first one is the motive

you will not trigger the stop loss

because your amateur mind will not be ready to bear even the small loss till that time!

and as far as the second reason

to pull the stop loss trigger is concerned

an amateur trader won't understand it!

he fails to see how triggering the stop loss

can gain him profit!

this is the fundamental reason

why amateurs don't honour the stop loss!

in the words of Harv Eker

the rich play 'to win'

the poor play 'not to lose'!

a gift cheque for you!

u spend

hundreds every day (if not more)!

--

a good portion of this is totally avoidable

some portion is a clear wastage

and some part is sheer carelessness!

what to talk of the amount we can save by negotiation and planning!

--

if we just consciously save 10 bucks everyday

out of

the waste, careless and avoidable expenses only

(not difficult i hope!)

we would have saved

300 a month!

not a big amount, isn't it!

--

now if u put this 300 in a mutual fund

thru SIP route every month

for 35 years from the age of 25 to 60

and

assuming a return of 20% pa

and inflation of 7% pa

do you have any idea what would you have saved?

--

25,02,076/-

AFTER providing for inflation!!

TAX-FREE!!!

============







terminal value of the 420 instalments at the end of 35 years (420 months), starting from last instalment and going backwards

300 303 307 310 313 317 320 323 327 330 334 338 341 345 349 352 356 360 364 368 372 376 380 384 388 392 397 401 405 410 414 419 423 428 432 437 442 446 451 456 461 466 471 476 481 486 492 497 502 508 513 519 524 530 536 542 547 553 559 565 572 578 584 590 597 603 610 616 623 630 636 643 650 657 664 671 679 686 693 701 709 716 724 732 740 748 756 764 772 780 789 797 806 815 823 832 841 850 860 869 878 888 897 907 917 927 937 947 957 967 978 988 999 1010 1021 1032 1043 1054 1066 1077 1089 1101 1112 1124 1137 1149 1161 1174 1187 1199 1212 1225 1239 1252 1266 1279 1293 1307 1321 1335 1350 1364 1379 1394 1409 1424 1440 1455 1471 1487 1503 1519 1535 1552 1569 1586 1603 1620 1638 1655 1673 1691 1710 1728 1747 1766 1785 1804 1823 1843 1863 1883 1903 1924 1945 1966 1987 2008 2030 2052 2074 2097 2119 2142 2165 2189 2212 2236 2260 2285 2309 2334 2360 2385 2411 2437 2463 2490 2517 2544 2571 2599 2627 2656 2684 2713 2743 2772 2802 2832 2863 2894 2925 2957 2989 3021 3054 3087 3120 3154 3188 3222 3257 3292 3328 3364 3400 3437 3474 3511 3549 3587 3626 3665 3705 3745 3785 3826 3868 3909 3952 3994 4037 4081 4125 4170 4215 4260 4306 4353 4400 4447 4495 4544 4593 4643 4693 4743 4795 4846 4899 4952 5005 5059 5114 5169 5225 5281 5338 5396 5454 5513 5573 5633 5694 5755 5817 5880 5944 6008 6073 6138 6205 6272 6339 6408 6477 6547 6618 6689 6761 6834 6908 6983 7058 7135 7212 7289 7368 7448 7528 7610 7692 7775 7859 7944 8029 8116 8204 8292 8382 8472 8564 8656 8750 8844 8940 9036 9134 9233 9332 9433 9535 9638 9742 9847 9954 10061 10170 10280 10391 10503 10616 10731 10847 10964 11083 11202 11323 11446 11569 11694 11820 11948 12077 12207 12339 12473 12607 12743 12881 13020 13161 13303 13447 13592 13739 13887 14037 14189 14342 14497 14653 14812 14972 15133 15297 15462 15629 15798 15968 16141 16315 16491 16669 16849 17031 17215 17401 17589 17779 17971 18165 18361 18560 18760 18963 19168 19375 19584 19795 20009 20225 20444 20664 20888 21113 21341 21572 21805 22040 22278 22519 22762 23008 23256 23507 23761 24018 24277 24540 24805 25072 25343 25617 25894 26173 26456 26742 27030 = 2502076 Total

bravery in the market

in stock markets too

"fortune favours the brave!"

but what kind of brave?

--

1. without method and inexperienced?

= never!

(rather, u r going to get killed without the bravery medal)

--

2. without method but experienced?

= sometimes

(but net bank balance remains same or negative!)

--

3. with method but inexperienced?

= more than 'never' but lesser than 'sometimes'

(bank and mental balance always bleeding)

--

4. with method and experienced?

= more than 'sometimes' but lesser than 'always'

(ban and mental balance always growing)

---

so?

a) have a method, and

b) be less brave till you gain experience!

----

finally

what is bravery?

= doing 'it'

or keep doing 'it'

despite fears

when "you know" that it should be done!

trading decisions!

5 frogs were sitting on a log of wood

3 out of them decided to jump

how many are left behind?

"2" replied the student.

"wrong! all 5 are still sitting there" the teacher shot back!

"there is a difference between making a decision and acting on the decision!" he explained!

---

the story got etched in the student's mind.

days passed

and then years....

the student became teacher

in 'School of Stock Trading'!

---

"let me tell you a story" he announced in the class

"5 frogs were sitting on a log of wood

all 5 jumped off it!

how many had decided to jump?"

students got really confused.

they had heard about the famous story where the teacher asks how many are left behind!

but this story was strange!

when nobody answered

the teacher declared

"none"

"all 5 jumped in panic without thinking"

"they were all amateur stock traders!"

4 steps to become a legendary trader!

While reading Gurcharan Das's masterpiece

"The Difficulty of Being Good" (Penguin Books)

I have been reminded of a beautiful life philosophy we read in school only to forget on reaching the college!

This may sound old-fashioned

but is a fine life-technology

written by a great mind,

sage Manu

in 100AD

in his immortal treatise, Manu-Smriti.

As prescribed by the great sage, the human life span is divided into four stages known as ‘ashrams’ (shelter).

The Vedas define a specific purpose for each ashram and offer specific instructions to be followed in each ashram.

I. The first ashram, Brahmacharya, is the student phase of life when the person is supposed to immerse himself or herself to learn the art of life and that of making a living.

II. The second ashram, Grahasta (meaning householder) ashram is the stage of family life. It constitutes raising a family, earning a living through the skills acquired during Brahmacharya ashram. It encourages the enjoyment of material life.

III. The third ashram, Vanaprastha (Retreat to Forest) indicates living in a withdrawn manner. People in this ashram play the role of mentors.

IV. The final stage is Sanyasa or renunciation. The person wthdraws from society to spend the remaining part of his or her life in meditation and solitude.

----------

I found it interesting as well as scary!

Scary because of seeming impossible implementation of ashrams in today's social setup.

Interestingly, i found it very useful for anyone who wants to prepare for trading.

Stage I:

Brahmacharya = Student phase to learn trading and technical analyses, refraining from trading!

True to expectations - this "Brahmacharya" is impossible for the debonair traders!

Stage II:

Grahasta = Making-a-living-by-trading phase

True to anticipation, ill-trained traders (who skipped the first ashram) fail in this stage except 'enjoying the material life' at the expense of the principal amount!

Stage III:

Vanaprastha = Retreat to forest (of investing)

This stage never comes! One can't be a good mentor if he hasn't been a good student!

Stage IV:

Sanyasa = True to the Inevitability, the dejected and rejected non-trader gets ejected from the market to spend his or her remaining life in meditation and solitude.

Strangely, this lost trader takes up the Brahmacharya (student phase) after the pain and humiliation of the Sanyasa!

In this second innings, Grahasta phase (making a living and enjoying the worldly pleasures) comes but with the spirit of Vanaprastha, courtesy the bitter experience of the first innings!

---

"5s" of a trading mind

Everything in the world is created twice!
First in the mind, then in reality!!
A trader's dream success also obeys this rule.
And for this to happen a trader's workplace and his mind must be organised!
"5s" is the way for this!
"5s", invented in Japan, stands for five (5) Japanese words that start with the letter 'S':
--------------------
Seiri
(Tidiness)
"Throw away all rubbish"
= a trader should forget about all the jargon, trade simple and remember just the key lessons that matter!
--------------------
Seiton
(Orderliness)
"Set everything in proper place for quick retrieval and storage"
= all important lessons and checkpoints should be listed and available easily for quick reference when required!
--------------------
Seiso
(Cleanliness)
"Clean the workplace"
= a trader should maintain neat and clean body, mind, bank account, computer, net connection, trading room and intentions!
--------------------
Seiketsu
(Standardization)
"Standardize the way of maintaining cleanliness"
= a trader must have a method
--------------------
Shitsuke
(Discipline)
"Practice 5s daily - make it a way of life"
= a trader must follow the method!
--------------------

and the winner is.....

3 years ago I started a monthly SIP (Sytematic Investment Plan) with SBI Mutual Fund's Magnum Tax Gain'93.

I started it not because of my prudence

but because of

a) repeated edging by one Mr.Vijay (a real gentleman financial advisor whom I now trust utmost) and

b) the reason that I wanted to save some tax under section 80C but in a way which gives more return than traditional life insurance

(I believe that one should buy term insurance for life insurance and mutual fund with or without SIP for savings!) (the above mentioned fund gives 80C benefit besides market investment returns)

Frankly speaking, when i started the SIP with a small monthly contribution I was least excited!

Reason?

"It will take ages before the monthly systematic investment will becaome a fortune!" I thought.

Still, I did start with the SIP and gave 12 cheques to Vijay.

Every month it was an irritant to part with the instalment.

Many times I decided to stop the SIP after the committed 12 instalments.

But after around 8 months, one day I was pleasantly surprised to receive a dividend cheque from the MF.

It was a decent amount but it appeared many times bigger due to the surprise element!

Besides, my corpus had grown!

So, I continued with the MF after the first year as well.

Here, I wish to share that I started the SIP when the Sensex was above 20000 just before the crash!

But because of it being monthly SIP, my instalments kept entering the market at every stair in the staircase.

My SIP instalment went into the market at 20000 as well as 7500, 15000 as well as 9000, 12000 as well as 10000......

....and it is still continuing........

The annual dividends I get fund my kids annual fees automatically! Alternately, it leaves me with a handsome amount to do anything I wish to! Last year we had a grand annual family vacation in Kullu & Manali!

And the beauty is that the corpus is growing.....

.....in compounded fashion just like the prize money in Kaun Banega Karorpati (Who wants to be Millionaire).......

What was an irritant every month is today a monthly reminder of the assured and growing prosperity!

Every month I thank Vijay hearts of hearts for somehow forcing me into this equity-linked savings.

Jokingly, I have been playing a race between my savings in this MF and the growth in my self-trading earnings.

I have no hesitation in admitting that I have been left gasping behind the MF especially after this recent bull spurt!

Why I shared this story with you?

Two reasons.

First, to recommend SIP based Mutual Fund investing to everyone!

Second, to share a strange phenomenon mentioned below.

I have

never ever

never ever

never ever

thought of selling my SIP savings!

I just think of investing more and more......

I just think of topping it up whenever market is in oversold state!

whereas I rarely survive the itch to book profit in my trades!!!

What fantastic paradoxical opposite faces of my same self!!!

One is willing to not only hold all investments forever but keep adding to it! (The fund manager keeps rotating the investment into sectors and stocks as per the situation)

The other is dying to run away with the pennies after every round!

One full of stress!

One full of pleasure!!

I have least doubt who will win this race.

It will surely be the tortoise this time as well!

i m possible

If u wanted to be wealthy in stock market but so far have misearbly failed in this aim

then I want to ask you a question.

Have u ever profited in atleast one trade? with method? with confidence?

Did u make profit atleast once? without fluke? with surety?

If your answer is "No" then your problem is 'method' or 'knowledge'.

But if your answer is "Yes"

then what if you had taken 10 times bigger position you had taken in that profitable trade?

so?

your first problem is the size of the trade and the factors which are stopping you from doing so!

and, what if you had been successful in repeating that profitable trick again and again?

meaning?

your second real problem is the inability to repeat what you know or can!

In a nut shell,

your problem is not the lack of knowledge

but lack of repetition and inability to take bigger position.

consistency and size of trade!

You are nearer to the professional success in trading than u think!

Basic Mathematics of Trading

1) You + 0 = You

If you bet too small, you practically don't go far enough howsoever good you may be in trading.

Whatever small distance you cover doesn't take you far enough into the green territory to make you in the position to absorb any potential setback.

2) You x 0 = 0

If you bet too big or too recklessly then you are trying to multiply your present worth with zero which is sure to land you on the right side of the above mentioned equation!

3) You x 1.2 x 1.2 x 1.2 x 1.2 = 2U

If you bet neither small nor too big and with a method and with consistency, you have power of multiplied compounding on your side!

4) U/1.2 = 0.8U;

0.8U/1.2 = 0.69U

If you don't bet too big but have weak discipline or without method then you will keep slipping down. Power of division is working against you.

Top Gun!

When I was in class 10 in K.V. HMT Pinjore in 1987

one of my juniors was Vinod Mittal

a young mischievous, sharpminded but academically weak boy

not too much in the good books of teachers!

After completing his 12th standard after somewhat struggle

someone guided him to apply for the post of Airman in Indian Air Force.

An airman in IAF is equivalent to Sepoy in the Army and Seaman in the Navy.

He got selected.

His parents must have been happy for their shaky son having got a stable job

but somehow the young restless Vinod wasn't.

He knew that he had settled for the entry-level post in IAF

He knew that though he had got a job, his flight in life was also capped.

He knew he was different but his academic weakness and insecurity caused by it had sealed his ambitions.

He started his training for the Airman.

He used to see trainees of his age being moulded into pilots on the same airbase he was posted at.

One day he came to know about a lateral entry scheme wherein 1 or 2 airmen who were highly talented but somehow had landed in the airman's uniform were given a chance to qualify for pilot's role.

1000 airmen were shortlisted and Vinod Mittal was one of them.

Out of those 1000, 10 were shortlisted and Vinod Mittal was one of them.

Out of those 10 only 2 were finally selected and Vinod Mittal was one of them.

Thereafter we lost track of the lucky man!

--------------

After almost 2 years one fine Sunday of 1992, I was strolling in the famous Yadvindera Gardens in Pinjore with my childhood friend Ashish Dewett when we saw a dashing young man say hello to us!

In front of us stood a smart guy with minimal hair on his head, chest out, head held high, smile on his tough face and proud shining eyes behind dashing Aviator Rayban!

Flight Lieutinent Vinod Mittal !!!

We were amazed beyond words !!!!!

We shook hands and sat in the cafeteria nearby.

There the Flight Lieutinent shared his amazing story...

After having got selected for the pilot's training

He had been further marked for the training as a FIGHTER pilot

not only this, he was further marked to the fighter pilot for a CHOPPER and not jet.

To be a fighter pilot of a combat chopper is arguably more demanding than being the fighter pilot of a jet!

Perhaps because choppers can't fly high and fast enough to escape the enemy missiles that easily!

But choppers can strike the places and the way no jet can!!!

"Why do your lips seem as if you have been training as a boxer?" I asked him jokingly.

"Training!" he replied.

"A squadron leader trains two pilots in one go inside the cockpit after the theory session.

My trainer makes me and my buddy pilot sit on his either side inside a cockpit near his elbows.

Then he gives us a situation and asks for the answer.

We have to reply in a flash.

If we delay our response or give a weak or wrong response

BanG! hits his elbow on our cheek or chin!

My lips often come in the way!" he gave a 1000 watt smile.

"Tell us more about the training." Ashish asked Flight Lieutinent Vinod Mittal.

"Inside our cubicles, right in front of our study table we have pasted a huge poster of the cockpit.

This way we are always programming our minds to get accustomed to the cockpit.

The cockpit has become our world.

On the front wall of our cubicle, right in front of our beds

we have written formulae and readings and instructions

so that whenever we are lying in our bed but awake

we keep revising and repeating them.

These readings and formulae and instructions have to pop out of us in a flash when the situation comes.

We have to be the best.

Afterall, a nation is at stake!"

-----------------------------------

If only we traders train the way the IAF trains its fighter pilots!

for we are no less than fighters pilots

and that too of a chopper which is an easy target of the market missiles!

Making of a professional trader!

Long ago I had read somewhere that "there is no real advancement without a crisis"

An amateur trader becomes a professional trader passing thru various stages each separated by a crisis!

----------------

Nothing explains these stages as beautifully as the Greiner's postulates

which I have adapted below to the stock market to understand a trader's evolution :

----------------

A curious passerby comes to the stock market.

Doesn't know what to do, how to do.

Either he exits due to ignorance or successfully overcomes the first barrier with ideas to trade!

(Growth thru creativity : Phase I)

-----------------

This growth phase continues till their is a 'crisis of leadership'

He feels the need for some specific idea to steer him further.

Either he quits or successfully overcomes this barrier with a method!

(Growth thru direction : Phase II)

-----------------

The growth continues further till their is a 'crisis of autonomy'

He feels that the method is somehow not working.

Either he fails to find a solution to this and quits, or successfully overcomes the dilemma by letting the method guide his trades completely and not poking emotions and opinions in its signals!

(Growth thru delegation : Phase III)

-----------------

The growth moves still higher till their is a 'crisis of control'

The trader finds that method can't be followed blindly in varying situations of the markets.

It needs to be continuously adapted to the situation.

Either he surrenders or successfully learns to adapt.

(Growth thru coordination : Phase IV)

-----------------

After this the trader grows very fast till their is a 'crisis of red tape'

He finds that he has lost the fun of trading on the way and is becoming very mechanical!

Either he re-infuses excitement in trading and commits a blunder or

learns to co-exist with the reality!

(Growth thru Collaboration : Phase V )

----------------

Is not that there are no more crises in a trader's life after this stage.

But by now he has mastered the art of overcoming the crises

and has become a professional.

Choose right, sit tight!

Market goes up and market goes down.

Only one of these two things that the market does is right.

But it never lets u be sure of it till it is too late.

Even then all u r sure about is the move behind u and not ahead of u.

As they say - "Markets always do teh obvious in the least obvious way!"

Stock markets are designed to keep vibrating.

Even a straight distance is covered by the market in zig zag manner.

It seems like the walk of a drunkered

but is actually the walk of a master deceptor!

Traders mistake every turn of the market as the turn of the trend!

And it just turns out to be a "Oops, Sorry!" step by the market!

But many book loss or board the wrong bus due that mischievious "Sorry!"

"Follow the trend becomes a trap!"

Vibration is a normal walk of the market.

Market doesn't like participation of people who don't vibrate along...

who don't respond to its lures and threats...

Like Casinos, markets love only those players who lose more than they win.

Casinos and markets are operated by those who are not exactly social workers.

They don't like dull boring unemotional poker-faced duds who come with peanuts in pockets and leave with sack-full of money.

Market doesn't like winners.

Markets love losers and can go to any extent to make them comfortable, be friends with them and occasionally let them taste profit...

Have the guts to call market's bluff.

The trick is to choose the right direction and do nothing more!

...thereafter all you need to do is - drift.

...like the boat which is driven by the wind.

The more you "do something" the more you take the hit.

Choose right, Sit tight!