"The "doing" part of trading is simple. You just pick up the phone and place orders. The "being" part is a bit more subtle. It's like being an athlete. It's commitment and mission. To the committed, a world of support appears. All manner of unforeseen assistance materializes to support and propel the committed to meet grand destiny."
- Ed Seykota
Monday, May 26, 2008
Charts of Fast Movers
When I look at things in rear mirrors or see charts in hindsight, patterns seems more obvious. Below are charts of four commodities that form inverse V shape tops. The moves at these tops are quite fast and volatile.
How can you do this? Do you just naturally have a very calm personality? I don't think I could have the patience to be a trader... and yet a lot of people probably say that to you, right?
I have a lot of feelings in trading, especially when markets are moving against my positions. But I more likely regard them as allies and experience them to get internal feedback.
2 comments:
How can you do this? Do you just naturally have a very calm personality? I don't think I could have the patience to be a trader... and yet a lot of people probably say that to you, right?
thesoundbites.blogpsot.com
Gina,
I have a lot of feelings in trading, especially when markets are moving against my positions. But I more likely regard them as allies and experience them to get internal feedback.
BeingNow
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