“The only speculation worth considering in trading is to try not to be swayed by the results as much as possible” (Pan Rolling Ltd. publication “The Final Chapter of the Zone”)
From the chapter “Chapter 18: discretionary trading.”
“Speculation tends to take priority in observing and evaluating market information, placing a filter on perception.”
(omitted)And you end up placing an unideal trade, or putting a stop-loss or take-profit order in an unideal place. Ultimately, the personal issues considered in trading will have a negative impact.The only speculation one should consider in trading is to try not to be swayed by the results as much as possible”
Speculation can be scary, can’t it?
Just by thinking about it, it unintentionally affects trading…
The following were listed as examples of speculation.
・I want to make a big win or a huge profit in the market
・I want to prove to myself, or to my family or friends, that I can do this
・I want to show people that I am a risk-taker
・I want to become a figure of admiration
・I need to recover money
・I must not miss any more opportunities
・I want to show others how smart I am
Oh, I’ll hit all of them… (laugh)
It seems to be about money and the common desire for recognition we hear about everywhere.
Hmm, the state of selflessness... unless we discard worldly desires, trading won’t improve, will it.
Maybe I should learn meditation (laugh)
Well then, see you next time.
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