6 trading shoes

if you don't like wearing a hat
you have the choice of
6 trading shoes.

in my previous article
"6 trading hats"
i talked about the adaptation of
edward de bono's
"6 thinking hats"
to trading.

the treatise will be incomplete
if i don't discuss
edward de bono's
another masterpiece

"six action shoes"

amazon.com describes it as
"a brilliant new way to take control of any business or life situation"

how about trading!!!

let's see -

THE SIX SHOES

1. NAVY FORMAL SHOES

- these are the black formal navy drill shoes
when u r in them
u follow rules, systems and procedures!
no artistry, no gut, no if, no but.

"navy formal shoe" mindset is essential
to ensure safety and to avoid mistakes.

- in trading, you wear these shoes (psychologically)
while following your trading system

2. ORANGE GUMBOOTS

- these are long, imposing, hard "boots"
ready to face any dirty or tough situation

- in trading, you "wear" these shoes
when things turn real bad or outright ugly.
you don't lose heart, deploy emergency rescue plans and fight back.

the idea is to handle unexpected bad situations with courage, determination and self-control.

3. PINK SLIPPERS

- slippers are for relaxation and comfort
easy to get in and get out. you slip into them and take it easy.
you lower your guard remain informal.

- in trading you "slip" into "slipper" mindset
while coolly waiting for a favourable situation
or
once in the trade - ignoring volatility till there is a clear exit signal.

4. BROWN BROGUES

- these are "woodland" leather shoes which are designed to weather any condition!
brogues represent practical sensible adaptive unshaky approach.
they stand for “what can be done in this situation” mindset.
they denote common sense and readiness to “get your hands dirty” if the need be!

- in trading, u "wear" your "brogues"
during volatility or adverse losing movements.

the idea is to get past trying market times or uncertainty.

5. GREY SNEAKERS

- these are flexible, sports shoes.
....quiet, casual and relaxed

- in trading, u "wear" "sneakers"
while understanding a situation before spotting a trade.
it is all about collecting information and quitely analysing it.
you can't be looking for profitable trading opportunities while wearing brogues or boots or slippers!

6. PURPLE RIDING BOOTS

- these are the authority boots of the king's men. not for ordinary people.

- these are worn by operators and fund managers and big players
who have the reigns in their hand....
who know that its they who drive the price.....

- not to be worn by retail traders in the street.