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John's Journal

Conquering FOMO


Day 23
March

The Straitjacketed Soul

John BoyUk, 23 March

"The diseases of the rational soul are long-standing and hardened vices, such as greed and ambition — they have put the soul in a straitjacket and have begun to be permanent evils inside it. To put it briefly, this sickness is an unrelenting distortion of judgment, so things that are only mildly desirable are vigorously sought after."
— Seneca, Moral Letters

Today's meditation makes me immediately think of all the so called tipsters and teachers out there who want you to pay them handsomely for their tips or for recycled strategies that have had a makeover and been re-named. They are thriving from newbies and traders who can't seem to make anything work because they don't give any strategies long enough to get used to them and for those strategies to start slowly working. They are desperate for instant gratification and to get rich quick! Unfortunately it doesn't work like that and you have to put in the hard work and find strategies that work for you. This is also something that takes time and it means that patience is very much the key to success. Swapping strategies every couple of days means you are just going back to square one all the time and you are not going to improve and find a strategy to stick to!

This of course leads to frustration, anger and desperation and it's how these so called tipsters and teachers can take a nice fat fee to "help you" and do all the hard work for you. All you have to do is sit back and watch the profits roll in!

Back to reality now because all this nonsense is too good to be true, I'm sorry to have to tell you.

Here at TTM, everything is free, with lots of strategies for you to try out and there are many members at various levels of their trading journeys who can help and advise. I see this every day in the various rooms.

So take advantage of what is available and find a strategy that you think suits you and try it out at no cost to yourself.

You have found the perfect place to be, because together on this Discord channel, we are all trading the market.


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