Today I was on the train thinking where I will be 2 years down the road. Will I be just another aspiring amateur hoping to make it big one day OR will I slowly evolve to be a professional trading for a living? What ultimately do I want to achieve with this blog? Is there a goal to achieve?
Many thoughts flash across my mind, both positive as well as negative one! I may be a millionaire one day living a life I dream, have a big bungalow, enjoying every moment with my loved ones, no boss to report to etc. Then suddenly fear crept in! What happens if I do not make it? Should I spend this time doing something useful? A lot of questions keep mounting, and slowly confidence starts diminishing. I feel scared… An invisible voice tells me that I’m not young anymore!
The train reaches Somerset, and I wait for my friend who was late. I went to Epic Center, and saw many people walking to and fro in front of me. Are these people thinking where life is 2 years down the road? Or do they just spend it as if time goes on forever? Yeah, forever 21 is just opposite from where I stood. Can time be freeze at 21? Ha-ha…
All these while I was looking for something, something that will reveal to me the secret of trading. You call it the Holy Grail. There isn’t one! No one and no books in the entire universe will have any clue what will happen to the market the next moment! It is just a game of probability, something my good friend I met today tells me is gambling, where the only difference is inaction in the market can kill you. Suddenly, I realize my true self. I’m a perfectionist, and even though I told myself my method works, too often I find myself chasing after gurus who say they have successfully crack the code. I start comparing their success rate and % Return with my own. I lack the faith and perseverance to stick with my method! Suddenly I remember all successful traders are successful because they believe in themselves and their method, and are in sync with it consciously and subconsciously. Today, I decide to put all things aside for a moment and do a self reflection post. This blog is a record of my personal commitment.
By the last day of Dec 31st 2012, I will have in my possession the skill of trading consistently for a living, which will come to me in the form of a rising equity curve during the interim.
In return for this life skill, I will focus my attention on trading right, accepting imperfection in the market, accepting trading as a probability game, having total faith with myself and my trading methodology, having great patience to wait for the market to come to me, having sound risk management to protect my capital, acting swiftly with confidence, and learning from past mistakes in the capacity of a trader.
I believe that I will have this skill in my possession. My faith is strong that I can now see my account growing consistently. I can see and feel the sense of achievement being a profitable trader. It is now awaiting transfer to me at the time, and in the proportion that I keep to my commitment in return for it.
Trader K
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