A Strong Trading Mind

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Story - Stop being a glass, Become a lake.
Source:Useful Info,Facebook

Once an unhappy young man came to an old master and told he had a very sad life and asked for a solution.

The old Master instructed the unhappy young man to put a handful of salt in a glass of water and then to drink it.

“How does it taste?” – The Master asked.

“Terrible.” – spat the apprentice.

The Master chuckled and then asked the young man to take another handful of salt and put it in the lake. The two walked in silence to the nearby lake and when the apprentice swirled his handful of salt into the lake.

The old man said, “Now drink from the lake.”

As the water dripped down the young man’s chin, the Master asked, “How does it taste?”

“Good!” – remarked the apprentice.

“Do you taste the salt?” – asked the Master.

“No.” – said the young man.

The Master sat beside this troubled young man, took his hands, and said, “The pain of life is pure salt; no more, no less. The amount of pain in life remains the same, exactly the same. But the amount we taste the ‘pain’ depends on the container we put it into. So when you are in pain, the only thing you can do is to enlarge your sense of things. Stop being a glass. Become a lake.”

Stop being a glass. Become a lake.”

 

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Being open-minded is critical for your growth. If you cannot be open-minded, then you do not possess your ideas, your ideas possess you. Opening yourself to the possibility that you are wrong may make you feel vulnerable, but it is actually empowering, because this is how we learn. When you are not willing to be challenged, disturbed or offended, you are not willing to explore your weaknesses or ever claim the potential of greater strengths. Challenge yourself. Be defiant; defy yourself. Challenge authority; the authority of your own rational convictions! Think back to how many times you absolutely knew you were right about something or someone, only to find out later in life you had been absolutely wrong.

This is a common pattern that repeats itself, and in the moment, it is nearly impossible to detect that it is happening. This is the problem with being short-sighted; it is hard to see. We all do this constantly! This is why it is so important to make a conscious and continual effort to be open-minded. Next time you are positively and absolutely sure, attempt the practice of releasing surety and opening yourself to the possibility that you are wrong, or that you do not understand the full picture. Open yourself to the possibility that you and your opponent are both right according to your own experiences and worldviews. Take a hard stance for broadness and understanding.

— Bryant McGill

 

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"As a trader, when you're expecting a random outcome, you will always be at least a little surprised at whatever the market does even if it conforms exactly to your definition of an edge and you end up with a winning trade. However expecting a random outcome doesn't mean that you can't use your full reasoning and analytical
abilities to project an outcome, or that you can't guess what's going to happen next, or have a hunch or feeling about it, because you can. Furthermore, you can be right in each instance. You just can't expect to be right. And if you are right, you can't expect that whatever you did that worked the last time will work again the next time, even though the situation may look, sound, or feel exactly the same."
- Mark Douglas, Trading in the zone

 

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"if you believe that an edge is simply a higher
probability of one thing happening over another, and there's a random
distribution between wins and losses for any given set of variables that
define an edge, why would you gather "other" evidence for or against a
trade? To a trader operating out of these two beliefs, gathering "other"
evidence wouldn't make any sense. Or let me put it this way: Gathering
"other" evidence makes about as much sense as trying to determine
whether the next flip of a coin will be heads, after the last ten flips came
up tails. Regardless of what evidence you find to support heads coming
up, there is still a 50-percent chance that the next flip will come up tails.
By the same token, regardless of how much evidence you gather to
support acting or not acting on a trade, it still only takes one trader
somewhere in the world to negate the validity of any, if not all, of your
evidence. The point is why bother! If the market is offering you a
legitimate edge, determine the risk and take the trade. "
- Mark Douglas, Trading in the zone

 

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A Happy Father's Day

 

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