I turned 40 this month and yes, I can tell you that it is just a number. But it feels weird though. As if I have crossed a line in the sand. Back when I was a kid, this age seemed prehistoric.
1/n
Now that I’m here, it doesn’t feel so bad. In fact, I feel about the same as I did in college. Time is relative, right?
After I became active in social media (many argue that I am not active at all – it is a subjective term 😉), I happened to meet so many young folks
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I see that they have fewer bumps and bruises from life’s curve balls. They are figuring out their likes & dislikes. What to do next and how to do it - as if they have all the time in the world 😊
Well, it goes by quick. Don’t dawdle too long.
3/n
Recently tweeted about 'why predicting the markets direction/how long & how far it will move is a futile endeavor in the long run'
Now, many have this question in their mind "How to avoid personal biases during trading & follow the market without any bias?"
(1/7)
Answer: To remove our personal biases and let the mkt tell us what to do is to 'give up control' 😊
As we are wired to control situations/events/people naturally, controlling 'how much' money to make from the markets will be an obvious/no-brainer route to fall upon
(2/7)
But to give up control, we need to give up the notion that we are actually in charge of how much money we make.
For profitable trading, we need to move into the mental state of letting the market determine the profits, not us.
Markets are ranging in the last 2 weeks and there are predictions about mkt moving down or up. After a contraction, the expansion has to happen - we all know that but we dont know when 😃
Mkt movements, returns and volatility are cyclical in nature
(1/6)
We also have a bunch of traders who spend a lot of time trying to figure out why price moves. It feels good intellectually right?
But, we have analysts for that. Leave the intellectual mumbo-jumbo (verbal diarrhea) to those paid for their words and not their deeds.
(2/6)
Focus all your energy exclusively on 'what' the price is doing. Remember, we are traders. A trader does not get paid to understand or explain why something has happened? 😃
As soon as we make a prediction about where the mkt is going, we sacrifice our freedom
If we do not take care of our needs when we are away from the markets, then our mind will act to fulfill those needs while we are in the mkt.
Think about it for a second ☺️
(1/7)
If we dont play or add excitement to our 'out of the mkt' life (now i can hear some mind voices - 'what is out of the mkt life? I breathe mkt 24/7 ), then those needs will be met while we are in the mkt.
This eventually leads to disaster, to say the least
(2/7)
Being 'out of the mkt' intentionally (not the off mkt hours ☺️) is actually a trading task.
Many ppl want to be in the mkt to avoid personal issues - like drinking to avoid facing reality. Market is not a place to rectify our personal issues.
1/ Someone shared this article few hours ago and my heart goes out to the family - am not gonna judge him and i truly wish he stayed back for his family.