Relax your Goals

HL Asia ~ breakout! supp 1.69/.66 , res 1.82





Hiap Hoe ~ Superbull, supp .12 , professional trade on retracement back near .12





SPH ~ breakout! res 4.52 , supp 4.38 (vested)

Despite what all the "do it better" gurus are saying, we diminish the present any time we set goals. In the market, things sometimes work out the way we want them to, but sometimes they don't. We don't enjoy our preparation for trading the market if we are worried about losing. We don't enjoy the miracle of our children's growth if we worry about how they will turn out.We don't enjoy maturing if we are worrying about what malady will take us from this life. We lose the freedom to soar that comes from enjoying the vast riches that life and the market are offering us in the here and now.

In trading, if you set your heart on a certain trade result, you enter into a state of rigidity. On the other hand, if you set your heart free, you enter a state of flow. The question then is: How can you trade without setting goals? The answer is: Set as many goals as you want. Then do the necessary preparation, and work to bring that goal to fruition. When you are satisfied that you have done the most appropriate trade for that moment, LET GO OF THE OUTCOME.

Years ago, I traded with a very bright trader who was decades past the normal retirement age. After observing my trading for a while, he said, "Bill, if you were a farmer, you would go broke on your first crop." When I asked him why, he replied, "If you were a farmer and farmed like you trade, you would plant corn and then come back everyday and dig up the seeds to see how they were doing. Once you decide and put ona trade, let it grow, mature, and ripen. Don't keep digging up the seeds." He was exactly right. I learned a great deal from that mature trader. One of the most important lessons I can teach you is how to monitor your trading minute-by-minute in the market. It is really quite simple. When you look at the current chart and you know your present positions, ask yourself this simple question:

Do I care which way the market moves?

If you care, you are addicted. If you honestly don't care, you are trading well and you want what the market wants. Any time you care, you are wanting what you want-not what the market wants. The market is neutral. It doesn't know or even care what you want. As traders, we are simply not capable of knowing what the market is going to do, nor can we see the grand possibilities that the market will offer us tomorrow. Sometimes, losses can be turned into great assets if we learn from our experience. In that situation, we gain either profits or learning, and both can be wins.

Tomorrow's market is not just unknown, it is unknowable. Traders are simply not capable of knowing what the market is going to do or what grand possibilities the market will offer tomorrow. Probably the most inappropriate question we can ask at the end of a trading day is: "Did we make money today?" From our point of view, that is basically irrelevant. The only appropriate question at the end of a trading day is: "Were we in tune with the market?" There will be days when you will be in tune with the market and lose money, but if you stay in tune, the market will bless you greatly.

There is no much thing as a bad trader.There is only a well trained or a badly trained trader.