This hasn't been the easy week that I thought it would be, so I'm treading carefully. There was just one good entry for me after the first 2 trades today. I didn't take it. I've used up my physical and mental energy for the week, and was afraid that if I did take that trade, I wouldn't have what it takes to see it through.Someone sent me a link today on the 5 fatal flaws of trading coz he thought/ thinks I'd find it relevant to my trading.
I'm not going to post the link - there's so much written on what traders SHOULDN'T be doing, and what kind of people SHOULDN'T be trading, one can easily find the material by googling.
I'm bringing up the issue because I'm feeling indignant.
I believe in positive reinforcement, positive thinking, positive attitude, good karma, and HARD WORK.
I do NOT buy intimidation, scare tactics, empty philosophical gobbledygook, "well-intentioned" advice by old timers to make you fall back in line.
Above all, I do not buy the "fact" that 90% of all new traders fail because they have aimed for more than ZERO percent return.
It's utter crap - that one should start out aiming for such a MEDIOCRE performance as simply NOT losing your capital.
Whatever works for or happens to one trader does not necessarily apply to another.
We walk our own unique journey.
I appreciate all the help I've received, and I thank folks like Cory, Jack W, Leon, Lonely, Lord Tedders, Solfest, and many others, with all my heart. You always encourage, motivate, and inspire, and thoughts of you always put a smile on my face.
For those who are concerned that I'm at risk of blowing up my account - don't be. Your concern is baseless. I am NOT you. I will get what I want, whenever I want it. Just watch me.
On a lighter note, another of my favorite things - The Lonely Trader - was interviewed by Tim Bouquin! Check out his blog (don't skip the comment section!!) for details and the link to his interview (a gem!!).
