Sunday, May 20, 2012

Traders guide to being contended


‘He who is contented is rich.’ ~Lao Tzu
 ‘Be content with what you have; rejoice in the way things are. When you realize there is nothing lacking, the whole world belongs to you.’ ~Lao Tzu






(taken from Zen Habits )

Traders probably trade well when they have a feeling of contentment. Much of our trading problems come because we have this fear of missing out, of exiting too early or too late, of not having taken a trade or having taken a trade that we are stuck with.

So much better for us traders if we accept that all we have to do is follow our rules, that the discipline is enough and we are not missing out if we do what we should be doing.

2 comments:

Nirav said...

Sir,

I am currently reading a book named The Disciplined Trader by Mark Douglas. I think this book also gives the same message as you have posted in this blog. Here I am sharing one statement from that book & i.e.
"I am defining selfconfidence as an absence of fear and self-trust: knowing what to do at the
moment it needs to be done, and then doing it without hesitation."

Bashu said...

One of the best suggesstion! Very very useful!