Thursday, September 9, 2010

The Daily Note - Honesty

Wondering how honest we are. We demand honesty from our governors but tend to wink when they are not honest as if it's known that they will lie. Then may I ask, why do we elect anyone in the first place and once elected, why do we re-elect them?

Amusing or not, honesty would be refreshing, but when people speak frankly, we ridicule them, at best, as fools. So if we don't get honesty, we have to look ourselves in the mirror and ask, do we really want to accept an honest opinion.

Many traders have this issue facing them every day. Honesty about the trades entered, honesty about how to treat those trades, and honesty about the feelings which surround the question. It's easy to be honest when things go right but it's a different matter when things go against the direction we picked.

A good way to remedy the situation is to have a mirror by your desk and look yourself in the eye once in a while. Ask if the trade you are troubled with is one that you really wish to tell everyone about? (Go ahead, Tweet it) Even before the question fully crosses your mind, you know the honest answer and you already know what to do next.

The mirror will help you face the truth simply, this way, no smoke factor is needed. The more honest you are with yourself, the more you help this Universe become honest. Demanding honesty is easier when we know we deserve it, but we can only accept it when we can face it.

Happy Trading, Living and Dancing

The Daily Pick - V

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