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Just Step Back
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This was one of those weeks. You have all your T's crossed, your i's
dotted, and you get ready to make some nice weekly profits. Instead, you
come out of the week net loss.
Now, it wasn't that the analysis was faulty, because it really wasn't.
Was able to forecast a few markets which made big moves and made many
others some good money, but I still came out net loss.
Now, it wasn't a big amount. Just a few hundred from several markets.
But it shouldn't have been a loss by all rights. Stopped out by a couple
points here and there and I decide to sit it out, and it goes without
me. Customers writing me about their big wins using my forecasts and I
sit here feeling like I've missed out.
But then again, what states that I have any rights anyway? Just because
a forecast was good doesn't mean I have the right to make money on it in
a trade, does it? No. (of course, you have the right to make money
selling the forecast. :)
When you have a week like this, you just need to Just Step Back. Take a
brief break and shake the cobwebs from your head. Ask yourself kindly
what went wrong. You know you are not superman, nor super trader for
that matter, but still you must collect yourself before you proceed
again. No one wants to be right and pay the price for it each week, now
do they?
Obviously, there is some psychological differences here. I have a new
broker, and how I call in my trades are different. I'm now in my home
office all day which is greatly different than before. My whole
surroundings has changed. I even see prices on the monitor to my left
where my office phone in Los Angeles would normally be.
It is time to Just Step Back and recollect. It is my belief, especially
in lite of all this, that your surroundings may play a big part of how
you perform. So, it may be prudent that once you are doing real well in
your trading, don't let your spouse move things around in your office,
nor should you change the pictures on your wall all at once.
Don't let anyone tell you otherwise, but the mind is very powerful, and
also at times hard to control. If you think it is all technique, your in
for a very costly surprise. So, for now, I continue to hit those
forecasts, and am told they are doing real well, but I'm going to have
to just step back for a bit and come at it very slowly until I adjust.
I hope my experience helps others. I don't think I'm the only one whose
gone through something like this. Am I depressed? No, just somewhat
bummed.
Hey, who moved that Fitness Flyer against my office corner? :)
cheers!
:)
rick
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