Monday, January 14, 2013

When it is right you know it is right – none need tell you




A legend is told about a girl who kept herself pure. She was the good girl whom everyone in the neighbourhood respected. She was beautiful and well mannered. She had many men pursuing her but she always turned them down politely and with a smile.

However, as years passed, she knew she had to finally choose one.  She had no idea how to tell which one of the many men was indeed the right one for her or if they were just interested in using her. She pondered over it for long and could not get a solution. She decided to ask her mother. Her mother had never failed her over the years. She always had a solution to all the problems she had encountered over the years. “Mother”, she asked “How do you tell if a person especially a man is the right one for you?? How do you know that this particular person is the one?? ”.

The response surprised the girl. Her mother replied “You will know when the right one comes long”. The girl probed further and asked her mother, but how will I know he is the right one? The mother, not even looking at her or even raising her voice replied, “My dear child, when it is right, you will know it’s  right – none need tell you.” The girl was not satisfied. But she knew better not to probe any further. Like any other wise person, she knew that certain things are unexplainable. 

The mother meanwhile raised her eyes and looked at her daughter’s face. She realized the uncertainty her daughter was going through. However, like all mothers, she knew the best was for her daughter to dig deep in her own heart and find the light that will lead her hence forth. She was aware that certain things in life are unexplainable. They must be experienced to be understood.  One must be willing to get lost, so as to be found, to be hurt so as to find love, one must be willing to lose money as part of research and development before they can make money. The mother knew that patience and discipline are sacrosanct to her daughter’s success of finding the answers to the questions she had asked.
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You must be wondering how above the story is connected to trading. Truth is that it’s not. I am only interested in the last part “one must be willing to lose money as part of research and development before they can make money”. Many of us traders are used to losing money in the markets. Whether you accept that loss or not is a story for another day. But any consistently profitable trader will accept that losing trades are a part of winning the overall game and that every loss is one step closer to a win, or a string of wins, thanks to the variance in opportunity flow.

So each loss you take, what does it teach you?? Does it speak to you?? Do you realize and agree that it was indeed a wrong setup?? Was it a good setup but taken at the wrong time?  Truth is that every trader must find their own way of trading, their own strategy, and their own edge. You can always copy others and make it but ever wondered why profitable traders take the trades they take, why they get out when they do, why they avoid the markets at certain times and gladly walk away from the charts? Many cannot explain it. They just know. And no matter how much you convince them, they will never accept. For when something is right, you just know- none need tell you.  But like the daughter in the above story, how does one know that this is the right setup?? How does one know when to walk away, when does one know when not to place a trade?? How does one know when to get out of the trade??  The answer is simple. When it is right, you will know it is right – none need tell you (to trade or not trade, to close a trade, or stay away from the markets). Certain things cannot be explained. They must be experienced. You must be willing to spend lots of time and money in research and development before you can actually make money in the markets.

 But above all Patience and discipline are sacrosanct to trading success and seasoned professionals will happily walk away from their charts when their trading edge is not manifested.
If you are still as confused as the girl in the above story, in box me – sales@ikazooba.net  and I shall try to help point you in the right direction. You will travel the road alone. Only those willing to be lost will ever discover.

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