All Is Fluid
"The universe is change. Life is opinion."
—MARCUS AURELIUS, MEDITATIONS, 4.3.4b
Today's meditation is another tough one to compare to trading!
What we can say, is that by repetitively sticking to the rules/criteria for our strategies, day in, day out, rinse and repeat, we get to know exactly what we are doing, without complications and this means we can react to whatever the market throws at us.
We evolve and improve as we gain more experience and become consistent from our trading methods. With this consistency, our confidence grows, as we react to what we are seeing during our trades, swiftly and in a heartbeat, to avoid any unmanageable losses to damage our trading bank.
The markets are there every day and we cherry pick the trades that fully meet the rules/criteria for our strategies and avoid the others. We also avoid trading on impulse, or on the thoughts or predictions of others, if we haven't completed our own due diligence.
"All is fluid" when we are trading and the markets are constantly changing, even in the short space of time that we are exposed in a trade. It is up to us to take our targeted pre-event profit, as planned, or to cut our trade short at our pre-agreed exit point, if a trade is going against us.
By doing this we are ensuring long term profitability, which is the primary aim of course.
Remember, this is a long term plan and it's not a get rich quick scheme! It takes constant practice and hard work to get to the stage where you can reap the benefits.
Many people give up before they get to that stage and you must have that dogged determination and persistence, to keep practising and sticking to the task in hand, following your rules 100% of the time. Can you do that?