“You only lose what you cling to.”
The above phrase is often attributed to the Buddha, though, some scholars say there is no record of him ever saying that. But whether the Buddha actually uttered that phrase or not, in Buddhist epistemologies, it is well understood that most of our troubles stem from our attachment to things that we mistakenly see as permanent.
As a trader, one of the best ways to improve is to surround yourself with people who have similar interests and who maybe have achieved what you’re looking to achieve. This is the reason many people will join a traders chatroom at some point.
Following your trading plan should be your number one priority.
Okay, we all know that. But why –why is it so important to follow your plan?
As I sit back and reflect on my journey as a trader, where I was and where I am today, I can clearly point out the things I didn’t get right at first. For instance, one of the fundamental lessons that I’ve learned and come to accept is that certainty in the market is an illusion.
The Art of War is a book that was recommended to me by a veteran trader back in 2006 when I had just begun trading full time.
Allow me to be dramatic for a couple of seconds: We are all slaves!
As human beings, we are slaves to substances, activities, and beliefs. We are slaves to doing; to becoming; to seeking something else than our current reality.
“When should I quit trading for good?”
If you’re a struggling trader, I’m sure this question has been in the periphery of your mind at some point.