Wednesday, November 4, 2009

Are You on Track?

Ever have a feeling of being in the wrong place at the right time? I've a feeling of misdirection, so let's not get derailed because you can be at the right place at the wrong time too..are you too early or too late is the real question.

You know it. It happens to us all, we tootle along to a song, smooth as can be, and "whammo" something happens and there we are looking at black eye in the mirror wondering what happened? We can chose many answers out of a bag if we are looking for excuses but boiled down it's most likely that we got over confident with anticipation.

It's a place where we think we know where it's going but guess what, it doesn't or at least not yet, so we get sucked in further into anticipation,forgetting reality. Becoming over sure and letting our ego fly a little too high all create the same result. They all allow us to lose focus and whammo, we derail, get off track.

It's a delicate balance between intuition, anticipation and reality, all of which have a place for traders.Intuition gets you into the trade, anticipation makes you watch the trade, and reality gets you out of a trade. To have the perfect trade, you need all three in perfect rhythm.

Like the clickety clack of the railroad track, you know something's wrong when it falls out of place. Trust it, and you 'll boogie for a long time.

Happy Trading, Living and Dancing (the Choo Choo Ch'Boogie)