An Attitude Adjustment

14 Oct 2014, 12:06

An Attitude Adjustment

Post by Redbulls on Sat Oct 11, 2014 11:59 pm

Like our own children, stock trading has the uncanny ability of endearing itself to us while at the same time evoking every weakness of mind and character.

Whether it is a child, a spouse, friend, neighbor, or an acquaintance, we have all experienced times where someone gets the best of us. No matter how hard we try to conceal character weaknesses, that other person causes us to lose patience, get angry, agitated, or frustrated. Even a loved one gets “under our skin” from time to time. Most often, we blame the other person for our irritation and we let it show, thus exposing our own irrational way of dealing with the situation. We end up being the one who looks out of control. What is really ironic though is that the one we are so upset with, you know, the one who “got under our skin” usually had no intent to evoke our irrational, immature, and out of control actions. They are usually ignorant to the cause of our irritation. When another gets under our skin it is best to look inside, not outside for the answers, knowing that it is our perception of current events that matter most.

We should work on changing ourselves to better cope with others instead of trying to change others hoping they will better be able to cope with us!

The stock market evokes the same reactions when we try to change it; when what is really needed is change within. The market is going to do what it wants, when it wants, how it wants. It is going to get under our skin if we let it. Accept the market for what it is and trade with it, not against it. If we are frustrated, angry, agitated, and fearful of the market look within, not without, for the answers. Once we do so the relationship will improve and so will our ability to accept the market for what it is instead of what we want it to be. Making money is so much easier when the market is respected. There is an added bonus also: we no longer lose patience, get angry and frustrated…like we used to!

We should work on changing ourselves to better cope with the market instead of trying to change the market hoping it will come to terms with our desires.
www.thecrosshairstrader.com

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"We have, in fact, two kinds of morality side by side; one which we preach but do not practice, and another which we practice but seldom preach"- Bertrand Russel

Miss our old friend Redbull

LSE wrote:Miss our old friend Redbull

Yes. His son is doing really well at First Cap as head of research.