InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
AI Subscribe Login/Register account icon
S&P 500
5,745.37
(
0.40%
)
US TECH 100
19,584.00
(
0.78%
)
Dow Jones
42,175.11
(
0.62%
)
Brent Oil
0.00
(
0.00%
)
Bitcoin
65,183.07
(
0.00%
)
Post# of 137481
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next

Profe$$or

Send PM Follow Ignore
Followers 923
Posts 57460
Boards Moderated 1
Alias Born 10/25/2005

Profe$$or

Re: None

Sunday, 12/02/2007 9:03:58 PM

Sunday, December 02, 2007 9:03:58 PM

Post# of 137481
Successful trading is all about balance. We must delicately balance a great many things in order to move freely in the world of trading. We must balance good news with bad news that is often issued simultaneously. We have to balance opposing views from analysts, conflicting signals from technical indicators, and dueling emotions from the depths of our soul. It's all about balance, and when it comes to the past, it is no different. For a trader, there is no doubt that the past is important. In one sense, it serves as our greatest teacher and our "mirror, mirror on the wall" that will always tell us the truth about ourselves. But in another sense, it can serve as our archenemy, one that can ruin our future in a heartbeat. Simply put, carrying too much of the past with us can be damaging. This is where the balance comes in. We can't place so much emphasis on the past that we allow it to spill over and taint our tomorrows. The past should only serve as a window into what was, not necessarily as a window into what will be. It should only be utilized as a tool that helps us tighten our belts, so to speak. But once those belts have been tightened, the tool should be put down, as it has no more usefulness. Traders must learn to drop the past, each time they enter into a new play. It has no place when dealing with the myriad factors in the present. Leave the baggage at home. During the day, we have to travel light.

Enroll in Wealth University today!
#board-10933



Public Reply Private Reply New Post
Keep Last Read
Replies (1) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (1) Next 10 Prev Next
Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up