Good post... :)

It deserves to be framed up and displayed...

Hi folks, some nice article for u all

When Traders Souls Are Tested

          This is a period that tries traders souls. The out-of-control market is the most feared environment for all traders. What goes through the minds of a seasoned trader at this junction of time?

            First, they always adhere to never betting the family farm. The old adage the market has more tenacity than a trader has money in their wallet. The seasoned pro always keeps some ammunition dry because, the enemy will not stop charging up the hill until they are vanquished, remember that. The market that purges approaches stealth fully and persists longer than anticipated. The danger of it can never be overstated.

            Secondly, the seasoned pro lives for these moments, these moments mark the line of Armageddon that must be crossed to arrive at the master status. Pain is a known ingredient of trading. The intensity of pain in trading is like it is for the body. We all know we will endure pain at some time in our life, that is a given. The intensity of the pain is the variable. I live by the credo that I will never have to endure more pain then I can withstand. This has prepared me to segregate my trading profits into other areas so the diversification can withstand one segregated pool's adverse situation.

            Thirdly, the seasoned pro must have a mental commitment to never quit. The person who puts themselves into unwavering commitment to a cause,Will Find A Way To Survive. The mind and resolve in a seasoned pro has no peer in other careers. The market's main purpose in life is 'Break You;' financially, emotionally, mentally, and finally physically. Those pros who are not broken become stronger in all aspects of their life. Growth occurs when death is side stepped.

            Fourth, the seasoned pro attacks the situation, never avoids. It is the battle of kill or be killed. The faint of heart will be consumed by the Tiger of resolve. It is a period that tries traders souls to reveal exactly what is there. Is it a shallow, unfounded stance or an anchored millennium edifice that defies time? The brain is a complex machine that does have the ability to cope. Experience provides life lessons as time unfolds, the lessons learned must be applied not hid and ignored because they will resurface.

            Fifth, a plan covering every scenario must be composed and memorized. The speed of the market in this environment is accelerated and not being prepared is allowing the enemy to unimpeded attack your fort and kill you. ALL possible defenses must be in place whereby you can survive. Survival is key because to not is failure. Seasoned pros will not succumb to failure. They do find a way to endure, persevere and win. The vanquished enemy needs to run down the hill with your spear in their back and the hill secured.

            Sixth, emotions must be an ally. Knowing yourself must be utmost priority. The emotion of fear is in the seasoned pros arsenal, yes arsenal. The great, embrace fear and dig a fortress that is impregnable. The master is alone as others flee the heat of the torment. Plan to use anger to fight fear.

            Seventh, give the market an ultimatum. Never let it give you an ultimatum. The 'Ifs' are very important. Tell yourself this "If the market does this I will respond". Do not anticipate as rational thought does not apply to pandemonium. The fear of the eyes of the tape is readily evident, do you have the gumption to look the darkest moment in the face and see light? The old adage it is always darkest just before the dawn is a key to living another day. The true master lives by the belief that this too will pass. Mankind's heaviest millstones are bourn by those who surprise themselves. Keep in mind we will not be tested beyond what we can stand unless we let it be so.

Stock markets will go up only when everyone is bearish.

Right now, many are still bullish, or at least expect the market to go up...
So upside is not too promising now...

Better to wait till everyone is bearish... because then there will be no more sellers left, since they have all already sold (right now maybe many have still not sold yet)...



Just speculating, though... don't take this too seriously...  

 

Sifu always contribute good wisdom for us to lap up... hehehe...

Regarding falling madly in love, the probability of of hatred later down the road is very real, since the love could have arisen due to desire for a particular physical feature (often a superficial one) the other person has.

When this particular loved feature no more features as prominently as before, rot sets quickly in, particularly if shortcomings and obvious faults are knowingly tolerated at first...