I was listening to my guy Tony Robbins this afternoon (I tend to geek out on personal growth material at times) and he made this statement. He wasn't talking about trading but just the same, it definitely applies. The markets and conditions are changing all of the time, day by day, minute by minute, second by second. The market doesn't care whether you are young, old, man, woman, a nice person, a bad person, skinny, big boned, etc. It just keeps changing, going up and down, taking people's money and redistributing it to others and vice versa. I'm emphasizing this point because it's very simple and small minded to get angry at the market because of lack luster results.The market simply doesn't care that you have taken 5 losses in a row. It doesn't care that you're spreading yourself too thin. It doesn't care about you, period. When we win, we say "I" did that! When we lose, we tend to look for someone or something to blame. Well, start with yourself. Look and see if there's anything you could have done better. Break things down and figure out if you followed your proven system correctly. If you did, stay on the same track. If you're veering off, get back on track and make the necessary adjustments. Take responsibility when you need to so you can change, grow, and move on. That is what success is all about. This is what needs to happen in order to progress. Eventually, it becomes a ritual and you'll stick to your guns time and time again.
I'm reminded of what my late mentor said about his trading... "I'm allowed to have a down day, not a bad day". What he meant by that was if he followed his proven system and lost for the day, that's a down day and perfectly acceptable. If he were to take chances and not follow his proven system, that my friends would be a bad day, and you're not allowed to have them.
Good trading everyone and have a great weekend.
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