Not Good, Nor Bad
"There is no evil in things changing, just as there is no good in persisting in a new state."
—MARCUS AURELIUS, MEDITATIONS, 4.42
Today's meditation is very true. How many times have we heard from theses stoic meditations over the last 10 months or so, not to fight or concern ourselves with things that we cannot change?
But it is so true; what will happen will happen and the exact same goes for trading!
Why worry if a trade will go against us? We have done our due diligence and used the stats/data that we have available to us. We have spotted a potential trade that fully meets all of the rules/criteria for our strategy. We will execute it as we plan to and then once it is in play and we adopt a neutral mindset, we will manage it to the best of our ability, until completion; be it a profitable trade or a controlled loss at our pre-agreed exit point.
Is there really any point in worrying what will happen? Will worrying or stressing about a future trade make any difference to the way it goes? The answer is no of course because we cannot change things that are out of our control. We can't stop a horse deciding to run the race of it's life, just as we can't stop a freak goal in the first minute of a football match etc.
What we can do however is manage any situation that the market throws at us, because we have practiced and practiced, executing and managing our trades so that we know them inside out and back to front. This means that we know exactly what we must do in any given scenario. We do this swiftly and without hesitation of course and this give us the confidence and belief that we can become consistently profitable, over a period of time.
So when we are submerged in a trading event, it is "not good, nor bad" because we are trading what we are seeing from a neutral viewpoint. This is because anything can happen and we have to be ready and prepared to expect the unexpected!
You can do this with practice, patience, discipline and by adopting the correct trading mindset.
It's all down to you of course. Are you prepared to put in the hard work?