Let’s talk psychology and mental toughness. This game is designed to beat you up. For the most part, this year has been extremely bountiful and it has programmed most into thinking that #stonks only go up. But at some point, they will ring the bell. They always do.
The veterans on this platform can all agree that this year really is an anomaly. These years just don’t happen that often. That’s why it’s up to you have rules and the mental toughness to follow your rules. Rules are easy to design and develop but HARD AS HELL TO FOLLOW.
And then sometimes you get hit with a $FSLY situation which everyone knows on here that I was in a healthy gain at one point. To me, this is like striking out. @thelagunapadre and I played college baseball together and we probably had more outs than hits.
The beauty of the game of baseball and why I love it so much is because its all between the ears. Kinda like golf. Lots of sports are really. But with baseball if you are hitting .300 meaning you get a hit 3 out of 10 times, you’re a stud hitter in the pros.
Trading is no different. There are going to be days where you just get crushed in the markets. When I struck out when the game was on the line. After the game, my Father wouldn’t get on my ass. He’d tell me, hey let’s go to the batting cages and figure it out.
So we did. And I figured it out. We practiced. We went over the pitching sequence. He threw the same 0-2 slider low and away at his lefty son. I missed over and over and finally started to time it. Next big game, what do you think I did when I was faced with the same situation?
Home run to deep center field and all it took was me going over my mistakes, learning and crafting my edge, picturing myself in that situation in the cages, and then applying it. Such parallel with baseball and trading IMO.
When you go over your mistakes, put yourself mentally in the pressure cooker. Visualize the market and what you will do not only if a stock goes for you but if a stock goes AGAINST you. It will sting but it won’t sting as bad as if you weren’t prepared.
The moral is if something happens, you pick yourself up and dust yourself off. We as human beings are a lot stronger than we think. YOU are a lot tougher than you think.
As Dad used to say, “Shake it off and get em next time. You’ll be ready and I believe in you.”
🦆
As Dad used to say, “Shake it off and get em next time. You’ll be ready and I believe in you.”
🦆
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