Dear Linkon, may be I am not mature enough to write this post for you but cant help myself writting this.I am very strongly aggre with LUE.
You got to feel the way you want to be. Take my example, I am already feel like the best trader Dalal street has ever seen or like a billionair flying his chopper (yes I do)....and this attitude in me comes from the unshakable belief that I have in myself. From first day of life, I know only one thing;" success at any cost" and have always achieved whatever I want because of my sheer determination and focus despite of having to go through extremely tough situation at this age.
If you look around, none of the billionaires you see are IIM or IIT or harvard graduates....they are the one who had tremendous determination to be a achiever, a wish to stand out of crowd and more than anything else they had 100 % trust in themselves.......
Alright, what if I have lost lacks within one year, I can always get them back multiplied by 1000's times......I am commited, focused and smart enough, so why should I worry?
Finally a quote I seen some 10 years back which still inspires me,
"TO be a champion you got to act like the champion atleast pretend like a champion"
All the best......Nothing is impossible if you have strength withing and you believe it.....
Shreenath,
Thanks for opening a whole new dimension for me. Need to work on this new path from now on. I am still fixated on the methodology part. Finding out that one pattern seems tougher than i thought. Problem is, visual back testing at EOD gives such good results that i feel stupid at not being able to see that real time. Its like my eyes mourns the missed opportunity so much that new opportunity passed by in front of my eyes and becomes visible only after EOD.
Psychology of Awareness & Self Discipline are the area i need to work on instead of the methodology part. A carpenter need to learn carpentry before he concentrates on the tools. Tools can only help in giving result to the thought process and that has become my new gray area.
Is'nt this a paradox? How can i convince myself to feel good about myself when deep down i know that i dont ( yet ) have the pattern that i rely upon for the rest of my life. How can i concentrate on breathing exercise when i know i am not ready for battle.
I guess, its definitely the other way round. A healthly mind can grasp things faster. think faster. Act without thinking.
Like you said, action leads to self image and that dictates how i approach any challenges in life. Changing my habit of thought will take at least 6 months and wont happen in a few days. so now IF i want to change my pattern of thinking and slowly incorporate discipline, i HAVE to change my routine. I could use a lot of guidance from you on this regard.
This is the most difficult part. Accepting responsibility for every trade that went wrong. Every time i hold myself responsible for a bad trade, my self image takes a beating. I write it down and next time i repeat it again (and again) i curse myself for the lack of discipline. Then i feel the urge to bring in some improvement in the system i follow and start working on that instead. The fault is with my discipline and not my system.
This is exactly what i have been doing all this time. I develop a system, give it to a trader friend of mine and he loves it. He trades it with good success and i fail to achieve half of what he does.
Then i sit and develop a new one and show it to him and he is even more impressed and performs even better. While i sit and sulk the whole day.
LUCK = Labor Under Correct Knowledge.
I still am doubtful if i have the correct knowledge. Because i doubt the basis of my actions, success always eludes me.
Maybe, one year down the line, i will be looking back at this post and smile at recollecting my own journey in this business.
But right now i need all the help i can get from you. I can learn from my own mistakes or learn from the experience of other who had made the same mistakes. I am sure you have successfully overcome this phase and when you read my post, you can identify areas i need to work on.
Thanks once again for opening a whole new dimension for me.
