Always The Same
"Think by way of example on the times of Vespasian, and you'll see all these things: marrying, raising children, falling ill, dying, wars, holiday feasts, commerce, farming, flattering, pretending, suspecting, scheming, praying that others die, grumbling over one's lot, falling in love, amassing fortunes, lusting after office and power. Now that life of theirs is dead and gone . . . the times of Trajan, again the same . . ."
—MARCUS AURELIUS, MEDITATIONS, 4.32
Another interesting meditation today and it's quite true, we live our lives and then so does the next generation and the generation after that. Nothing changes apart from technology of course!
Trading is pretty much very similar.
We develop or find our strategies and use them to their full potential, by sticking to the rules/criteria and being patient and disciplined when nothing fully complies.
Staying patient and disciplined, gives us our edge from only using our strategies and not jumping on trades purely out of impulse or even boredom!
If we practice this day in, day out, repetitively using the same process when a trade fully meets the rules/criteria for our strategies, we become consistent and much more confident. This is because we get so familiar with our strategies, that we know exactly what we need to do, to be able to fully manage each of our trades to completion.
So when we take a step back and look at this in detail, we find that although we may have to react to different scenarios, once our trades go in play; ie: cut a trade short that is going against us, or let a trade hit our pre-event targeted profit, when it is going our way; the procedure in finding our trades to execute, is "always the same"
By doing this consistently on a regular basis, every time that you trade, you will reap the rewards; I promise you!