Tweet *****Don't blame circumstances for your trading misbehavior. There's not one of us traders who do not at times blame circumstances for not taking certain actions or sticking to our trading rules. The number of excuses are probably more than for students not doing their homework. You may even have a virtual dog who ate yours.
We all know, if we admit it, that we are at fault for not taking action and the resulting consequences, but we have a hard time admitting it to ourselves. We may shrug it off once, twice or more, but the consequences are much more damaging than we realize because the most comfortable excuses become habits. At that point, we start becoming numb to the feeling of guilt and therefore we have a harder time overcoming the behavior. It is the kind of habitual behavior which can take us out of this game very fast.
So, don't take time to realize your crime, and instead, whenever you find yourself making an excuse for a missed rule on your trading plan, ask yourself "Do you really want to hurt me?" because you are hurting yourself and nobody else the most.
Happy Trading, Living and Dancing Anni ©DayTrading with Anni 2012 All Rights Reserved
Friday, September 21, 2012
Tuesday, September 18, 2012
The Daily Note - Living Through Hope
*****Did you notice that "hope", besides being a four letter word, really sucks the life out of you? Perhaps best to compare it to alcohol or infatuation, both of which do the same. At first you feel energized with thoughts full of possibilities but in the end they are all a depressant unless a step is taken to fulfill the fantasy.
Without taking the action all possibilities die because it's activity that creates energy and energy keeps possibilities alive. Without taking action, hope does not become reality, infatuation won't turn into love. Even with alcohol it is the exercise that will prevent you from passing out and possibly taking a few ideas with you from your "higher" self.
Observe as you are looking toward your next trade. At first the planned trade is swimming in hope and if you take action the plan will become real and you'll feel energized. On the other hand if you just watch the plan unfold without your entry, your hope fades and your feeling and mood drop as you see the possibility slip through your fingers. It is at this point where you can get sucked under. It is at this point precisely where your energy drops to zero and it's at this point where you must take action to turn it around for yourself. Realize that non-action perpetuates too and it's precisely the opposite that will get you out, energized and ready to turn all possibilities into reality.
Yes, "hope" is a four letter word but without hope there is no vision of possibilities so it's a necessary "evil" which we must turn into "live" by taking action.
Happy Trading, Living and Dancing Anni ©DayTrading with Anni 2012 All Rights Reserved
Without taking the action all possibilities die because it's activity that creates energy and energy keeps possibilities alive. Without taking action, hope does not become reality, infatuation won't turn into love. Even with alcohol it is the exercise that will prevent you from passing out and possibly taking a few ideas with you from your "higher" self.
Observe as you are looking toward your next trade. At first the planned trade is swimming in hope and if you take action the plan will become real and you'll feel energized. On the other hand if you just watch the plan unfold without your entry, your hope fades and your feeling and mood drop as you see the possibility slip through your fingers. It is at this point where you can get sucked under. It is at this point precisely where your energy drops to zero and it's at this point where you must take action to turn it around for yourself. Realize that non-action perpetuates too and it's precisely the opposite that will get you out, energized and ready to turn all possibilities into reality.
Yes, "hope" is a four letter word but without hope there is no vision of possibilities so it's a necessary "evil" which we must turn into "live" by taking action.
Happy Trading, Living and Dancing Anni ©DayTrading with Anni 2012 All Rights Reserved
Friday, September 14, 2012
The Daily Note - The Trouble with Results
***** Throughout my moderating years I've always had trouble posting results. To me results are very individual because there are many factors that can influence each trader and trading is a made to order project and not a conveyor belt production. Although algos may come close to it, still, it is mainly a psychological game which is why it's impossible to mimic someone else.
I was a pioneer in posting my plans with charts on my blog. My charts show entries for long and short and with target points for each, which was and still is unique. In doing so, I reduced the surprise element of a potential wrong side and allow for possibility of a flip; all important elements for trading and also good for multiple trades during the day.
Each trader however is an individual and bring their own view and evaluation to the markets. Whenever I post a trade plan it will be viewed through filters I cannot predict. So when it comes to viewing the outcome of a trading plan, better known as "results", it is important to remember that it is the possibility not the actuality that you are viewing. The main point to examine is whether the trading plan is achievable by the trader, namely you. But what is forgotten by most traders who view a "track" record is to question what is needed to achieve near the same.
There is only one way to prove my point. I have many results posted with the trading plan starting back in 2009 when I freely posted a PlayList on this blog for each day and week and posted the best potential point gain for each one. In addition I have opened the results view for my SwingTrades for 2012 which you can visit anytime. Each one is traceable which is the only real proof of how well I make trading plans for my subscribers and only you can evaluate how well you can follow the plan.
Those of us who do trading plan calls can only guide, teach but not trade for you. So in reality you can learn from me, but who can you trust the most to do your best?
Happy Trading, Living and Dancing Anni The Daily Pick - SwingTrade Results ©DayTrading with Anni 2012 All Rights Reserved
I was a pioneer in posting my plans with charts on my blog. My charts show entries for long and short and with target points for each, which was and still is unique. In doing so, I reduced the surprise element of a potential wrong side and allow for possibility of a flip; all important elements for trading and also good for multiple trades during the day.
Each trader however is an individual and bring their own view and evaluation to the markets. Whenever I post a trade plan it will be viewed through filters I cannot predict. So when it comes to viewing the outcome of a trading plan, better known as "results", it is important to remember that it is the possibility not the actuality that you are viewing. The main point to examine is whether the trading plan is achievable by the trader, namely you. But what is forgotten by most traders who view a "track" record is to question what is needed to achieve near the same.
There is only one way to prove my point. I have many results posted with the trading plan starting back in 2009 when I freely posted a PlayList on this blog for each day and week and posted the best potential point gain for each one. In addition I have opened the results view for my SwingTrades for 2012 which you can visit anytime. Each one is traceable which is the only real proof of how well I make trading plans for my subscribers and only you can evaluate how well you can follow the plan.
Those of us who do trading plan calls can only guide, teach but not trade for you. So in reality you can learn from me, but who can you trust the most to do your best?
Happy Trading, Living and Dancing Anni The Daily Pick - SwingTrade Results ©DayTrading with Anni 2012 All Rights Reserved
Tuesday, September 4, 2012
The Daily Note - A Lesson in Time
***** If you ever wonder about time, ponder this: possibilities are endless what you do with them are not. No matter what you like to do creativity is somehow involved. You create the dream, you create the possibility and with each passing moment a new one arises until you cease to exist, but the possibility still goes on, beyond even your time. Once something is created it evolves. It's passed on like a baton to someone else willing to hear and listen and to act on the next opportunity.
Playing, dancing, love, or any art, occupation is like that. Something ignites another idea; another take on the same theme and there you have continuity and creation.
Getting the concept is easier than the act itself. Reminding me of a friend who passed on. We used to wonder, how many ways can one play and dance to "Take 5"; discovering that there were more possibilities than time. Time for us ran out 5 years ago but not for the music that plays on and for great memories that live on. Here yet is another rendition and my imagination goes on and on and on ...
Happy Trading, Living and Dancing Anni The Daily Pick - $DJIA Weekly Outlook ©DayTrading with Anni 2012 All Rights Reserved
Playing, dancing, love, or any art, occupation is like that. Something ignites another idea; another take on the same theme and there you have continuity and creation.
Getting the concept is easier than the act itself. Reminding me of a friend who passed on. We used to wonder, how many ways can one play and dance to "Take 5"; discovering that there were more possibilities than time. Time for us ran out 5 years ago but not for the music that plays on and for great memories that live on. Here yet is another rendition and my imagination goes on and on and on ...
Happy Trading, Living and Dancing Anni The Daily Pick - $DJIA Weekly Outlook ©DayTrading with Anni 2012 All Rights Reserved
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