Prepared And Active
"Let Fate find us prepared and active. Here is the great soul — the one who surrenders to Fate. The opposite is the weak and degenerate one, who struggles with and has a poor regard for the order of the world, and seeks to correct the faults of the gods rather than their own."
— Seneca, Moral Letters
Today's meditation is also very true when it comes to trading.
We must be "prepared and active" to be able to react to whatever the markets throw at us every time that we trade, day in day out!
We know what we expect to see happen and when it happens we are taking our targeted profits. By being prepared, we are ready to face problems and/or difficulties swiftly, if we don't see what we expect to see. We simply must act accordingly, by trading what we see and exiting in a heartbeat if the trade isn't going our way. This will protect and preserve our bank so that we can live to fight the next battle!
Trading is all about taking our opportunities when they appear and cutting short any trades that are going against us, at a controlled and manageable level, before they become a big threat to our trading bank balance!
So be prepared for any scenario and actively manage your trade to completion.
This will ensure long term growth/profitability.