The Fountain Of Goodness
"Dig deep within yourself, for there is a fountain of goodness ever ready to flow if you will keep digging."
—Marcus Aurelius, Meditations, 7.59
An interesting meditation again today and we can most certainly dig deep as traders, to make the right choices by our own actions.
This of course comes from following and sticking to the rules/criteria for our strategies and practising, executing and fully managing our trades to completion.
By doing this repetitively, over and over again, it starts to become second nature, as we become more and more familiar with our strategies and confident that we can make the right decisions when we need to, regardless of what the market throws our way!
As we grow and develop as traders, we become more consistent through our actions and as long as we stick fully to the rules/criteria for our strategies, we will start to become profitable. Due to the historical stats/data that we have at our disposal, we will be right many more times than we are wrong. On the odd occasion when a trade does go against us, we must be ready to react without hesitation, to cut short a losing trade at our pre-agreed exit point. This ensures that we are protecting our trading bank and maintaining long term profitability.
All this takes time of course and you need to put in the hard work and stick to your rules 100% of the time.
If you can be patient and disciplined enough to do this on a regular basis, you will reap the rewards, I promise you!