Richard heaved a heavy sigh. He was thoroughly perplexed, confused, frustrated and dejected as he struggled to understand why the stock he was trading had taken a dive in the late afternoon. The Earnings Report had good news and what’s more, the Bloomberg analyst noted that it should rise. Well, it did, just before it crashed…with him in tow. He thought he had read his Stochastic, MACD, CCI and Bollinger Bands accurately; and of course he still had 3 moving averages and his RSI to rely upon as well. What was wrong? And, why did he continue to lose, over and over. Had not his trading buddies told him that this system was strong? They must not know what they are talking about. Sure, he had moved his stop, but just the other day didn’t he get an internet program that was selling a system that said he didn’t need stops any longer. And, of course there were the interruptions from his wife who never seems to understand that he needs to be left alone when he is trading…she continues to bother him at just the wrong time. And, she allows Buck in his trading room knowing that the dog won’t be quiet while continually nudging him. If only he could get a system that works; and, if only his wife would support him more; and, if only things would work the way they are supposed to! Richard was stuck in a downward spiral and was looking everywhere but where it counts…inside.
Richard, unfortunately, is not alone in his misguided belief that most if not all of his issues are caused by someone or something outside of himself. Firstly, he doesn’t realize that he is exactly where he should be. That means that based upon the conditions and circumstances present in his trading and in his life, that is, he relied on outside variables like internet programs, news, and friends; he negotiated with his wife, or not, just enough that she misunderstands his needs while trading; and he has disregarded important facts within his trading environment in order to be confused and frustrated. In other words he is exactly where he should be and getting exactly the results that he should get based… Continue Reading
