◎Overcoming FOMO (Fear of Missing Out) and Positivity Addiction! If you’re practicing mental management, you’ll be far from FOMO, right?! ~ Compare things with clear start and end points! Part 2: Driving a car, Car navigation system edition ~

Genkai Mental Management.14

How are your daily trading, study, and self-analysis going?
This time's theme is the second installment of脱ポジポジ病 (the Positivity-Positioning Addiction).
Recognize the environment and entry points to enter at the right points, such as sniping entries that target specific points or zone trades that capture the whole area, but everyone does it differently.
So isn’t taking a position not a bad thing?
Excuse me, but in this theme we are referring to the disease-like habit of taking positions.
It’s called posi-posi disease because it resembles gambling addiction...
While you win and lose, in the future you may lose your body, mind, and money, which is why gambling addiction and alcohol addiction are bad.
So how can you avoid getting posi-posi disease?
With that in mind, this is a theme where I’ll output explanations using examples to make it easy to understand.
◯ Car navigation
Destination = Profit-taking
Before reaching the destination, you must verify reasons and grounds for ending
Was there an issue with the GPS or with the way the navigation screen was interpreted?
If there was a GPS problem, should you repair or replace it? Is the Dow theory or moving averages something you must change to accurately capture position information?
If there was a problem with how you read the navigation screen, you should correct it—change to a north-south-east-west display or fix the car’s position and look in the direction. Alternatively, enlarge or reduce the scale. In trading, if you zoom in on the short-term chart you’ll miss past highs/lows and support/resistance, and if you zoom out on the long-term chart you can see the direction but your entry becomes rough.
You would have definitely been able to turn left, but if you were to turn right ahead and you didn’t know what lay ahead, changing lanes could be nerve-wracking; if you knew you would turn left but you turned at a signal just before, you’d end up taking a detour and losing your sense of direction.
If you know the path, you should zoom out to see broadly and proceed while watching for traffic jams without misjudging the direction, but if you don’t know or lack confidence, you should zoom in to progress accurately.
Current location = confirming direction (environment recognition)
This is something you should be constantly aware of.
If your own position isn’t displayed on the car navigation, that would be strange.
Right/left turn guidance = turning points in price movement (linking to resistance bands around the second signal is interesting)
Even if you’re told to turn left suddenly, you can’t bend.
What’s important in the navigation chapter is here.
If resistance bands are signals, does the navigation know how many signals ahead to turn?
And if you turn because you think you roughly understand it, it’s fast.
Detour.
If you miss something or are lost in thought and pass by, you must quickly correct your course.
As you get used to driving and navigation, occurrences like the above happen.
Doesn’t it also apply to trading?
The market constantly moves up and down, sometimes with direction and sometimes without.
If you lose track of your current location, instead of correcting while moving, you stop and correct.
You’ll crash.
When going to an unknown place without a map and you don’t know how to use the navigation, can you reach the destination smoothly without using the navigation? First, learn how to use the navigation before setting out.
If you’re in a hurry and there’s no time, wouldn’t you consider changing your plans?
There’s no benefit in rushing.
If you understand the right/left turning guidance, would you turn early? If you follow the navigation, you’ll be slow. It’s a different story if you happen to know this road well because a taxi driver always uses the quickest route, but…
Navigation apps keep upgrading, and if you use an old one you won’t know new roads and you’ll drive with the wrong navigation.
Even with navigation, depending on how you use it or how you look at it, you may not be maximizing its use.
For drivers, some drive as a profession, and there are professionals.
Some ride because it’s essential to life, others for hobby, and some because they enjoy it.
Cars require a license, so basic knowledge and practical tests exist, so the base is formed, but FX is different.
There are scalpers who speed through tunnels and hills in the capital’s expressways, and there are day traders who casually drive along the coast with music on.
Long-haul truck drivers who transport from Aomori to Kyushu are still professional drivers with many large clients, but each has its own characteristics.
If you can relate to these points in various ways, you can correct and change your mindset to cure posi-posi disease.
Trading and driving are closely related in feeling.
Reflecting on what you’re worried about and what you’ve become used to is part of maintenance, too.
I’d like to again output mental management from a different angle.