Behold, Now As Ever
"If you've seen the present, you've seen all things, from time immemorial into all of eternity. For everything that happens is related and the same."
—MARCUS AURELIUS, MEDITATIONS, 6.37
Today's meditation is quite a deep one actually! People living and dying, animals living and dying etc. etc.
The events that happen every day, are the same as the things that have always occurred.
This can be said for most things actually, including trading. The markets will form for every event. The odds will move according to weight of money and we will end up with winning trades or controlled losing trades, based on what happens compared to what we have researched through the historical stats/data that we have available to us.
It will be the same tomorrow and the day after and the day after that.
Nothing new at all here and it is pretty much stating the obvious!
What we have to do as traders, is fully manage our trades. We take a profit when trades go as planned and we take a controlled loss when trades are going against us, by reacting to what we are seeing, in a heartbeat when required.
By doing this we are protecting our bank, so we live to fight the next battle and so on.
This is what we need to do, day in and day out. It is a repetitive process and we must stick to the rules/criteria for our strategies.
These events happen every day; "Behold, now as ever"