Human are mentally wired, conditioned and operate on blinking eyes and mind when one is bombarded with money and success. The winnings and not the losses. Well, let me put it this way, the winner's curse is the mother of all curse.
It is the winnings that lead one to believe INVINCIBILITY and confidence. I had my fair share of this when I started out in late 1980s. When one is drunk with success, the possibility of destruction is never on one's mind and no one even bother to prepare for the calamity. No one believe it can, will or is going to happen.
IF one believe that cycle exist, the START will have the WIP (work in progress) or TIP (trend in progress) concluding with END of the existing process! The only 2 differences are like I mentioned are 1) magnitude (intensity) and 2) completion time.
I have discussed about the different areas and challenges that one need to aware, know, understand and manage to be able to consistently successful playing this game. This is NOT a simplistic SOP or manufacturing processing. It is about the art of moving in a dynamic environment.
While we have volatility in every aspect of our lives including financial markets, over time things will smooth out.
TIME is the key.
We all need to understand what the temperament of this creature we are dealing with like we get to know our car or colleagues or equipments. When do we make our moves and what or which tools to use. The non-uniformity and non-exact replication of the past into the future means our templates will need to cater to 3 speeds, SLOW, MEDIUM and FAST.
The different speed will affect the different time frame to refer our tracking or analysis.
Once one can define what are the 3 speeds, than I guess time frame to use will be final.
Rather than thinking offensive and about how much one is going to make, start thinking how one can avoid all the possible and potential mistakes and traps. The rest will automatically be the winning and correct moves.
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