side talk

dear karthik

the probability of today's trade going in the intended direction is high (that's why i took the trade, ofcourse).

wish to share that i take a trade only when there is atleast one (sometimes they are 2-4) strong strong reason to take a particular trade.

after taking the trade i just relax irrespective of the outcome because as per the law of averages if i keep following the method ruthlessly positive trades will always be much more than the negative ones (though negative ones will always be there, i know)

self talk

take a trade only after good amount of homework.

good homework ensures a win-win situation

1. either the trade will go the anticipated way and you profit.

2. or, if the trade doesn't go the anticipated way despite all that good homework, it leaves you with a learning which was apparently not included in the template you used for homework. in other words, your knowledge base increases for the next homework.

never, self doubt. never doubt the accurace of the homework or that of your decision. if homework was good and things don't go accordingly, take it as an opportunity to discover something new including the revealing of a mischief.

but never kick yourself.

a trader with low self-esteem can never be confident.

kicking ourselves only weakens us psychologically and makes us vulnerable to the mind games of the operators.

self talk

if u stick to a promising method..........any method.......any bloody method (pardon the slang)......and stick to it RUTHLESSLY..............and don't stop trading after a negative trade, ur trade will go right 66% of the time......

and ofcourse......since nothing succeeds like success, nothing fails like overconfidence and negligence......

i am less interested in feeling good.....i am more interested in being irreverent but consistent. 

a trader and an analyst and an "expert" is only as successful and "expert" as the outcome of his last trade.

just like a cricketer.

i fear the wrong decision just before plunging into any trade.

that doubt, that fear, that nervousness is always there. but i have made it a "bloody" point to take every trade i think should be taken.

horse riding

volatile market times are frustrating.

these are the times when method becomes the first casualty.

but these are the precise times when methods must not be let go!

trading is like horse riding,

method is like the reins and foothold.

whatever the ride,

don't panic and don't let go the reins,

otherwise u will fall and will be dragged by the horse.