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The Art Of Waiting
Going back over my own blog I can see the change of tempo in my writing and in my trading (slower, less). One thing I want to point out though is that this is not a symptom of a drop in interest in the subject, far from it. It is actually the product of increasing my ability to be patient and wait for decent trading opportunities to present themselves, rather than me doing that thing I call 'forcing the market'. That is, sitting there and trading just for the sake of being in a trade.
You can't force the market, you can only try to. And in my experience thus far, it doesn't work. As my understanding on this subject increases layer by layer, I see on a deeper level how insane and immature this approach is. If theres nothing to trade, theres nothing to trade. I'm trying to think of an analogy... Maybe this : Imagine that you go out shopping to get a pair of jeans. You wander from shop to shop to shop, but all the jeans suck. Will you just force yourself to buy the next pair that you see, or go home empty handed? Or maybe you'll just spend your money on shoes instead --- See what I mean? Its a personality thing. Focus and Discipline would dictate that you would think "I came here for good jeans, and there are non, so I'm going home." --- Impatience and lack of discipline would cause you to throw your money away on any old rubbish, just because it was (as the old saying goes) burning a hole in your pocket. When I first got into trading, most definitely my money was burning a hole in my pocket - but now less so. Many a night recently I have looked through all the charts and just seen nothing I like, and to me it represents progress on my journey as a trader that I can now save my money for a better day. |
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