You Can't Always (Be) Get(ting) What You Want
"When children stick their hand down a narrow goody jar they can't get their full fist out and start crying. Drop a few treats and you will get it out! Curb your desire — don't set your heart on so many things and you will get what you need."
— Epictetus, Discourses
A very interesting meditation today and another stark reminder that as traders, we won't always be getting what we want/hope for!
Some trades will go against us on occasion and we must react in a heartbeat when this happens, to avoid taking an uncontrolled loss. By reacting swiftly and taking our pre-agreed loss at our identified exit point, we are protecting our trading bank and staying in the game for the next battle!
This is vital of course, for long term growth and profitability and as long as we cut the occasional losses short as planned, the profitable trades will far outweigh the controlled losses. This is because the historical stats/data that we have available to us, gives us our edge and we will be right many more times that when things go wrong.
Patience, discipline and adopting the correct trading mindset, means that you can stay calm, focused and "in the zone," during every trading session.
Remember, that every trade must fully meet the rules/criteria for your strategies and this means that you will have plenty of down time, away from the screen, so that you can stay refreshed and fully focused on the job in hand. This ensures that you avoid over-trading and you are less likely to become tired and suffer from trying to do too much.
This is the secret to success on your trading journey.
So, as the title of today's meditation says; "You can't always (be) get(ting) what you want."
You can however, stay in control during every trade; even when they are going against you!
You can do it! You've got this 100%!