It Could Happen To You
"Being unexpected adds to the weight of a disaster, and being a surprise has never failed to increase a person's pain. For that reason, nothing should ever be unexpected by us. Our minds should be sent out in advance to all things and we shouldn't just consider the normal course of things, but what could actually happen. For is there anything in life that Fortune won't knock off its high horse if it pleases her?"
— Seneca, Moral Letters
Today's meditation is quite heavy reading, when we see what happened to Seneca from a false accusation of plotting against Nero.
When we compare the message from today's meditation to trading, it actually confirms what I have said on a number of occasions in my daily journals. Always be prepared and ready to expect, the unexpected!
If we are ready for anything that the markets throw at us, we are one step ahead and can react with a swift response, when required, to protect our trading bank.
This is why it is imperative that we are fully focused and "in the zone" during every trade that we execute and that we manage these trades to completion, win or lose.
The last thing that we want, is to be caught out because we are over confident, cocky, even arrogant, because trades have been going well for us. This can be our downfall of course, as the markets have a habit of hitting back, so we must be prepared for this!
Every trade must fully meet the rules/criteria for our strategies and we must not trade on a whim, or on impulse, or because somebody else has suggested it! Stick to your own rules and never waver. This is so important to become consistent and more confident as you embark on your trading journey.
You must remain patient and disciplined and practice every day that you can, to become the best that you possibly can be.
Put in the repetitive hard work, day in and day out and you will be rewarded for sure!
As the title of today's meditation states and I quote "It could happen to you."
Let's make sure it doesn't!