Saturday, February 25, 2006

My system, rules, timeframe focus and learning modus operandi

Underlying theme: "I don't know nothin!"

Rules: Don't lose money! (I disregard all the zillion rules I read @ MoneyTec and ignore ALL the bestselling authors I've read on this subject -- a boxer who gets pounded in training, arrives for the main event already emaciated internally! Live with the loss, yes, but happily lose while you're learning? .... categorically, NO, NO & NO!

System: Enter/exit when the Head says NO, but the Heart says Yes and the Soul demands it! ...... (all trading books/methodologies, including Elliottwave theory etc. only describe the outward manifestations of the "destroyer" that sits betwixt the Head and the Heart. For, without his presence, all messages from the soul and Heart would arrive at the Head uncorrupted and correctly and would therefore be perfectly executed resulting in there being NO game, for in essence the Soul in everybody is perfect -- & competition is only a means for the weak to distract the strong! All rules about discipline, theories and what-not really deal only with how to put a band-aid on this antediluvian problem plaguing us all" -- there's got to be a better way! Who/what is the "destroyer"? .... aka Ego, the Reactive Mind or whatever you want to call it. His modus operandi? ... for him to live, you must die -- put another way, "to destroy life, to create death!" That's why its never your broker, your analyst etc. that's causing your failure -- the culprit is within and in hiding and is clever, clever, clever!

Timeframe: Monthly/weekly/daily but for 2006 warmups, 4-hr chart + daily. Ignore 1-hr, 30-min and 15-min. timeframes.

Currency Trading experience: 2.5 months; finished 3-month demo trading on December 5th, last year.

How to accelerate/speed up the learning/practise curve with real cash? .. do my homework, make my decision/call and then post it on a bulletin board -- if wrong, I'll never forget the humiliation suffered, worse feeling than the loss of cash, and therefore will research my errors diligently and as a professional.

Year 2006 goal: On December 31st, I'll review my performance; if the return is not commensurate with the effort involved, I'll bow out gracefully and continue to do what I do best -- absolutely zip and enjoying it too!

:) :) :)

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