|
Trading is a Fight!
"Everyone has
a plan, 'till they get punched in the mouth".
... Mike
Tyson
Trading is a fight! You're stepping into the ring to
face the best in the world. You'd better be ready.
Because they're ready for you.
Have you studied your opponent?
Do you know how they move? Do you know the methods they most often use to
deceive you? Do you know their strengths such that you can quickly and
effectively adopt a defensive mindset? Do you know when they expose their
weakness so that you can go on the attack?
Have you studied yourself? Are
you aware of your own weaknesses? Have you planned to avoid exposing these
openings to your opponent. Are you aware of your strengths and the methods
required to use them effectively? Have you established a workout routine to place yourself in peak
physical condition? Have you implemented sports psychology routines in order to
enter the fight with a positive and confident mindset?
Do you have a plan? Do you know
how you're going to approach today's opponent? Are you going for the knockout
punch, or are you expecting a slower, grinding session where the eventual points
winner is the one who can outthink their opponent the most?
Have you trained thoroughly? Have
you spent session after session in the sim, or live markets, gaining experience
and match fitness? Have you danced with the market as it parries and thrusts?
Have you learnt to take some hits, but to do so defensively so that they
minimise impact. Have you learnt to spot opportunity, before it's seen by your
opponent, so that you can strike hard and fast when they least expect it. Have
you learnt the skill of patience; waiting out of reach for the right time to
fight rather than rushing headlong into their fists. Have you learnt to reassess
odds in the heat of the battle, and amend your plan when you find your opponent
has the better of you.
And most importantly, do you have
a plan for when it all turns to s#*t. Because it will. There will be days when
you take a pounding. Do you know when to throw in the towel, and step out of the
ring to recover and rebuild? There will be weeks and months when you doubt that
you've got what it takes. Do you have a plan to rebuild confidence and grind
your way back to the top.
Mike Tyson says,
"Everyone has
a plan, 'till they get punched in the mouth".
So, how are you
going to react when the markets provide you with a financial and psychological
punch in the face?
Trading is a fight. A fight that
doesn't stop at one session or 12 rounds. You're welcome
back in the ring again tomorrow. And the next day. And next week. And next
month. And next year. Every day... until you've got nothing left.
Do you have a
plan? Because if
you're entering the ring to fight me, I can guarantee that I have a plan to beat
you.
So work on your plan.
And most important of all... work
on yourself.
You'd better be ready.
"Let me tell you something you already know. The world ain't all sunshine and
rainbows. It is a very mean and nasty place and I don't care how tough you are, it will beat you to your knees
and keep you there permanently if you let it. You, me, or nobody is gonna hit as
hard as life. But it ain't about how hard you hit; it's about how hard you can get
hit, and keep moving forward. How much you can take, and keep moving forward.
That's how winning is done. Now, if you know what you're worth, then go out and
get what you're worth. But you gotta be willing to take the hits, and not
pointing fingers saying you ain't where you want to be because of him, or her, or
anybody. Cowards do that and that ain't you. You're better than that!"
...Rocky Balboa (http://www.youtube.com/watch?v=V1tXhJniSEc&feature=related)
(*** thanks for the link Terry )
Bring it! Let's see what you've
got!
Lance Beggs
|
Articles 
