Life relates to trading and trading relates to life. Constantly revealing, unfolding before us as we trade and live, so I write about how my life relates to trading and how I trade the markets. Along the way I share my opinions on anything that evokes my passion or tickles my funny bone trying not to forget that enjoying life is the best part of living.
***** If you ever wonder about time, ponder this: possibilities are endless what you do with them are not. No matter what you like to do creativity is somehow involved. You create the dream, you create the possibility and with each passing moment a new one arises until you cease to exist, but the possibility still goes on, beyond even your time. Once something is created it evolves. It's passed on like a baton to someone else willing to hear and listen and to act on the next opportunity.
Playing, dancing, love, or any art, occupation is like that. Something ignites another idea; another take on the same theme and there you have continuity and creation.
Getting the concept is easier than the act itself. Reminding me of a friend who passed on. We used to wonder, how many ways can one play and dance to "Take 5"; discovering that there were more possibilities than time. Time for us ran out 5 years ago but not for the music that plays on and for great memories that live on. Here yet is another rendition and my imagination goes on and on and on ...
*****I've been watching the DJIA for the past few months and featuring the outlook on youtube, StockTwits and on this blog.
"Can't You Hear Me Knocking" Start the day with a Stones tune cover by Santana & Weiland, to help $DJIA push through resistance. Finally accomplished stage one this last week, but still in a difficult zone.
"I Ain't Superstitious" Hard not to be superstitious when in this business. I bet many not admitting that they are. If you are, there is no harm is keeping a lucky charm, but if you trade according to the stars and not the charts, you will be taken on a ride.
"Sunshine of My Love" Ponder why it is that traders feel more loved and are more in love when markets go positive. When you're in love, you love the world because good mood generates good outlook. So when you're in the positive of a trade all things tend to look more sunny.
"Little Wing" Santana & Joe Cocker Remember that when you have focus, you'll be riding your trades like flying on the wind. Caution because you can feel indestructible and the willingness to give grows. But the feeling is worth it, just keep your head on and keep your goals in focus.
"Dance The Night Away" - Santana & Pat Monahan Remember all that matters is love and laughter. Happy Trading, Living and Dancing! ~ "Dance The Night Away" - Santana & Pat Monahan
Today's featured artist needs no introduction I'm sure. He's the pioneer of rock-latin-jazz fusion which took me by the storm along with everyone else. Today you are listening to the songs on his album of "The Greatest Guitar Classics of All Time" on which he collaborates with contemporary singers to recreate them. Hope you rock out and enjoy it as much as I do. This body stays in motion while Carlos Santana plays. Don't let your love continue sleeping, remember to uphold your love and your world will become better.
*****Which one are you? Have you noticed that when you drive, you remember the way better than when you are a passenger? When driving, we get a better feel for the road, when we are passengers we tend to see the scenery of the driver's choosing but cannot necessarily retrace the route we were on.
What we remember depends on how we approach the route; one as driver the other as rider. (no backseat talk here)
Every time we hit our desk for a trading day with the attitude that we are just one person and we have no say or influence over what goes on in the world, we basically take on the role of a rider. Therefore the trade we choose to enter is under someone else's control, and we may not know the destination. We view the scenery, worry about the speed try to give directions and hope to get to our reward. Hmm not very confident is it? It's like you have the gas pedal and someone else you don't know has the wheel. No wonder there are crashes. The reward is that we get to cheer or blame the driver for the outcome.
On the other hand if we hit our desk with an attitude that we are responsible for ourselves and what we do makes a difference in the world and in our lives, we become drivers. Therefore when we choose to enter a trade we know we are in control of the direction, timing, entry, and exit. When we are drivers we have total control of the pedals and wheel and tend to steer ourselves toward a destination. We stop and go and make corrections as we need to and know that our choices make a difference in the outcome. The reward is that we have to take credit for the outcome, be it positive or negative.
In other words, every time we play the rider we allow someone else the steer our way; but when we play the driver we make the choices of our way. Both can be scary and both can be rewarding. We make the decision as to which we wish to be at any given moment of our lives and knowing which we prefer is one of the steps toward developing our trading strategy. So, look yourself in the mirror after a trading day and see which one you chose for that day, then analyze your trades accordingly. You may be surprised at what you discover about your style.
Maybe you're more a rider as you start your day and become a driver as you gain more confidence. Maybe you, like me, prefer to take the wheel right away. Maybe you do one or the other depending on your mood or the day. Regardless of which you are, knowing your tendencies will help you in the trades you take or make and the next time you sit ready for a trading day to begin, you can clearly decide which you wish to be.