Happy holi to all.
The last two trading sessions went on similar to the one above.
Loss, loss and loss.
I couldn't do anything.
My Mom was a teacher by profession. It seems that while teaching all her life, she has lost the ability to learn. It is not as if she is not ready to take efforts in learning. But it seems that she despise the idea that somebody else point out her errors. At least not her son!!
I tried to tell her that trading is like driving. Even though there are rules, and you must follow the rule, only following the rules do not involve any sort of driving. No rulebook can tell you the exact proper way to overtake the truck. No rule book can ever teach you how to negotiate the heavy traffic. And no rule book can keep you safe from other people's rash driving.
YOU need to LEARN driving which can be achieved only by observation.
When my Mom learned car from one driving school few years back - she had the same experience. The tutor sitting on your left has all the controls at his feet as well. He controls the whole car, and you wont even know it. You start thinking that you have become an expert driver, only to realize that you have been fooled for good. You can't even drive in open ground!!!
The same hold true for trading.
You need patience. You need to observe. You need humility. You need to surrender. You need to rise above pride and prejudices. And you need to accept the verdict of the Market
.