What Do You Have To Show For Your Years?
"Many times an old man has no other evidence besides his age to prove he has lived a long time."
— Seneca, On Tranquility of Mind
Once again we have another meditation which is more about life and death and what we have to show, for our living years.
If we look at this from a trading perspective, then our P&L demonstrates what we have to show for our years of trading.
We are reliant on the strategies that we have developed ourselves, or maybe found here on TTM (there are some great ones!) and we will use the historical stats/data and then ensure that all the rules/criteria for our strategies are met. Only then will we consider executing the potential trade.
By making sure that we complete all of our due diligence, we are giving ourselves an edge in the market and using this to our advantage, to help us take our pre-event targeted profit, or take an occasional controlled loss at our pre-agreed exit point to protect our trading bank.
Because the profitable trades will far outweigh the occasional controlled losses, we will be profitable over the long term.
This is not an easy quick fix solution, to get rich quick! This requires patience, unbending discipline and a steely determination, to persistently and repetitively, keep on keeping on; rinse and repeat, again and again, constantly practicing, to become the best that you can possibly be!
Are you prepared to be in it for the long haul? Do you have the determination and dedication, to put in the hours and hours of hard work and the resilience and persistence to keep going, where others have given up?
If the answer to the above is yes, then you will be rewarded, with plenty to show for your trading years; I promise you.