The Big Three
"All you need are these: certainty of judgment in the present moment; action for the common good in the present moment; and an attitude of gratitude in the present moment for anything that comes your way."
— Marcus Aurelius, Meditations
#1 "Control Your perceptions"
Other people can influence our trading perceptions with their potential trades and reasoning. This is why I use strategies where the stats/data lead to the probability of the outcome, which means I am right many more times than I am wrong. I stick rigidly to my own selections based on this, rather than what somebody else may perceive as a good trade. I find this is a great way of controlling my perceptions.
#2 "Direct your actions properly"
Somebody else may have a good trade, but if you direct your actions properly and get into the habit of sticking to the rules of your own strategy's criteria, it will keep you disciplined and sticking to your plan. Like I said yesterday, it's tempting to follow other people's trades, but if we concentrate on our own trades only, we are directing our actions properly.
#3 "Willingly accept what's outside your control"
We actually touched on this on day one.. Don't get hung up about things that are outside our control. Remember we are always in control of our trades, as long as we don't leave it too late and end up in the land of hope, as we are then relying on something to happen outside our control. We need to act swiftly to avoid losing the control of our trades.
So to re-cap: By controlling our perceptions and directing our actions properly (sticking to our trading plan), we can willingly accept what's outside our control, by making swift decisions while the trading outcome is still within our control. For example; taking a smaller green, scratch or small controlled red.