The market doesn’t care if you win or lose!
The trader soon realizes – usually to his detriment – that the market is an environment like no other.
As such, it demands the more stringent adherence to behaviors and certain emotions than is required of us in our daily lives.
Most traders fail in this deceptively simple task and so fail in the market.
The market is unlike our daily norm, where everything is played by rules.
Other people’s rules….
For example, there are driving rules and parking rules. We go to school and if we study well, we pass the class. There are rules about how we should relate to others, we negotiate and we reach a compromise or we are ostracized.
But in the market?
A trader can shout and scream at the charts to no effect whatsoever. A trader can cry and plead and pray and ‘hope’ but the charts just keep on doing their own thing day in day out.
Unless we possess extremely large sums of money, there is nothing we can do to influence trend or direction.
The only power we have is how WE CHOOSE to interact with the markets that we see unfolding in front of us.
We can decide if we want to trade with or against the trend, where we enter and exit, and when a loss should be cut to move onto better opportunities.
This degree of freedom is without boundaries. It is just this freedom that attracts so many to the trading table in the first place.
All that is needed they think is a computer and an internet connection and “I’ll be rich in no time”.
After all, there are only three possibilities, up, down or sideways, so it can’t be that difficult, right?
But any trader will tell you that trading is not that simple at all!
Managing to survive in an environment with no rules, where decisions are 100% subjective, where vast amounts of money can be won or lost in seconds, where every trader is out to get a slice of the pie at someone else’s expense, is an enormous challenge and not for the weak-hearted!