| Trading Psychology How do we learn to conquer our fear and greed? Discuss the mental aspects of the game. |
![]() | | Tweet | |
| | #1 | ||
![]() | Trade It Like a Soldier The large scale is easy to see; the small scale is hard to see. To be specific, it is impossible to reverse the direction of a large group of people all at once, while the small scale is hard to know because in the case of an individual there is just one will involved and changes can be made quickly. This should be given careful consideration. Interpretation: It is easier to trade according to what is happening in the large picture other than looking at every detail as the direction of tiny price swings is unpredictable. The market moves with great force in one direction and once this direction is identified, go along with it. The influence of a large group is impossible to reverse all at once which means that the direction will persist for a long-lasting period of time. A trader constantly fighting these forces is going to have a tough time. (see attachment) In large-scale military science, knowing the state of affairs means discerning the flourishing and decline of opponents, discerning the intentions of adversary troops and perceiving their condition, clearly seeing the state of affairs, determining how to deploy your own troops so as to gain certain victory by the principles of military science, and doing battle with knowledge of what lies ahead. If your own power of insight is strong, the state of affairs of everything will be visible to you. Once you have attained complete independent mastery of martial arts, you will be able to figure out the minds of opponents and thus find many ways to win. This demands work. Interpretation: Evaluate the condition of bulls and bears. Who is having the control over the market as of this moment and where is an area where things could change? Be aware of potential reversals at S&R levels as these are areas which the opponent uses to strike back and attempts to steal the oars. Quotes from "The Book of Five Rings" by Miyamoto Musashi. | ||
| |
|
| The Following User Says Thank You to Palatine For This Useful Post: | ||
Soultrader (05-29-2008) | ||
![]() |
| Thread Tools | |
| Display Modes | Help Others By Rating This Thread |
| |