A Cure For The Self
"The person who has practiced philosophy as a cure for the self becomes great of soul, filled with confidence, invincible — and greater as you draw near."
— Seneca, Moral Letters
Another interesting meditation again today and philosophy (which I have touched on before in my daily journals) is a vital part of trading, as well as in our every day lives.
We have a trading philosophy where we will stick to the rules/criteria for our strategies, following them to the letter.
We will also manage our trades fully, through to completion; ensuring identified exit points are met, for targeted profits or controlled losses. This means that we also protect our trading bank long term, which is our primary objective of course. We have to be able to trade and blowing our bank means that we can't trade!
By learning to trade and setting up strategies and finding out which ones work best for us, we are hopefully avoiding self destruction, because we are solidly sticking to the plan 100% of the time.
We take advantage of using our edge when trades go our way and moving swiftly and without hesitation, to cut short trades that are going against us, before they become unmanageable and damage our trading bank. This is what keeps us in the game.
So stay "in the zone" and keep fully focused on the job in hand, doing the right thing.
This ensures that we become systematically efficient and consistent in our approach to trading, therefore breeding confidence in what we are doing and our results will back this up as we become long term profitable.
Having a trading philosophy that we use day in day out, gives us "a cure for the self" for as long as we use it!
Don't abandon your trading philosophy; You've got this 100%!