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John's Journal

Conquering FOMO


Day 11
January

If You Want To Be Unsteady

John BoyUk, 11 January

"For if a person shifts their caution to their own reasoned choices and the acts of those choices, they will at the same time gain the will to avoid, but if they shift their caution away from their own reasoned choices to things not under their control, seeking to avoid what is controlled by others, they will then be agitated, fearful, and unstable."
— Epictetus, Discourses

This is pretty much the opposite of yesterday's message and what can happen if we don't take heed of what we said yesterday.

We can't avoid the noise from social media and other people's take on what we should and shouldn't do as traders, because this will always be out there. What we can do is be at peace with our trading, by sticking solely to our strategies. There will always be other people's views and and opinions and that will never change. This can make us "unsteady" by casting doubt in our minds when we are trading. So we need to avoid these views and opinions of others and take full responsibility and ownership of our trades because there is nothing worse than feeling agitated, fearful and unstable while trading! We need to be on top of our game with no distractions and fully focused on the job in hand. It is vitally important to stick to our strategies 100% without this outside influence. Like we touched on yesterday in greater depth, by sticking to what works for us, we are steady, stable and tranquil, with a peaceful mind to be able to trade without these outside judgements and influences.


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