Living through the financial market for 30+ years thought me many things and how some of this survival concepts can be applied to our daily chores.
Sometime we feel like we are going in circles chasing our own tails and shadows. Why is that so?
It boils down to "us" believing and doing things that we think are correct. This ultimately manifest itself in our actions.
Market is full of 1001 news coming from multi-media channels from who say what to what HAPPENED and next. We can continue to read and listen or we can start to relook into what the market is actually all about.
Market become mysteriously elusive when we IMPOSE our profound BELIEFs and market did not respond according to our BELIEFs
Market is actually and truly about CYCLEs. The start and the end followed by the next cycle. It does not matter who says what and what happen. Such at most can only contribute to TEMPORARY distortion.
Each cycle and succeeding cyclical trend can be the same as the previous in term of TIME and INTENSITY to complete the present cycle OR it can be a combinations of a few variations versus the earlier completed cycle.
Say the previous cyclical trend take 100 days to complete and moved 100 points. The next cycle can be
1. 100 days with 100 points
2. 100 days with less than 100 points
3 100 days with more than 100 points
or
4. more than 100 days with 100 points
5. more than 100 days with less than 100 points
6. more than 100 days with more than 100 points
or
7. less than 100 days with 100 points
8. less than 100 days with less than 100 points
9. less than 100 days with more than 100 points.
The only most logical action is to solve the puzzle how to determine the START and the END of a cycle. IGNORE all the microscopic analysis. IGNORE all the news in the media
JUST FOCUS ON HOW TO IDENTIFY AND CONFIRM THE START AND END OF A CYCLE.
All the news will only distort your focus on what is important.
If it is not time for the cycle to end and change, it does not matter who says what. It does not matter how you feel. It does not matter what is your account RED or BLACK.
If it is time and ripe to change and a new cycle emerge, NOTHING will and can stop the change.
It does not matter what your interpretation of micro analysis is.
The day and the moment you understand what my message is, trading/investing/speculation become a very simple and easy venture.
Yes, they will be noises BUT as long as your system does not tell and confirm the TREND Cyclical change, you just need to sit tight and adjust your seat belt.
The next obvious step is HOW TO CAPITALIZE on the DASH and DROP within a cycle. The trend cycle DOES NOT move in a straight line without BUMPS. There will be pot holes and sometime sink holes. How do we exploit and capitalize the NATURE of this trend? Yes, each and every trend cycle WILL definitely have this behavior. It is the LAW of NATURE.
Once you understand what I said, than all other is IMMATERIAL.
One of OUR grave mistake is we put a TAG VALUE to the price. Too high, Too low, Expensive or Cheap. I have made mistakes in the past and I corrected them in the process.
Nothing is TOO HIGH (EXPENSIVE) or TOO LOW(CHEAP) as long as the TIME is NOT RIPE for the trend cycle to change and end.
When we realize we start on the wrong path or footing, we must be willing to retreat and fix our mistakes and errors. Otherwise we will continue to pay for unlearn lessons.
Anyone who can and dare to admit mistakes has FUTURE for the better.
Starting on the wrong path means learning and believing the wrong things. HOPE is the only HOPE when you fail to admit and fix your problems.
The challenge is NEVER the market. The challenge is NOT about proving yourself. This is an EGO stroking mission.
The challenge is about HONESTY, SINCERITY and DEVELOPING YOURSELF and MINDSET.
When you have manage yourself ... YOU HAVE WON ... You already manage the market
It is not about how many signals your system is giving you. It is about ability to track the start and the end. Not distracted while in between.
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