Monday, September 26, 2011

The Tao of Missing a Trade

Whichever the way the wind blows,
Whichever the way the world goes,
Is perfectly all right with me!
When you don’t care about missing something, it makes it so much easier not to miss it.
This is natural law or Taoist as Smullyan might say. Some are born understanding this while some learn it in time while still others never quite manage to figure it out.
In trading, missing the trade gracefully is as much a part of the craft as executing.
The beauty of it is that there is always another setup coming around the bend so the missed trade is really nothing more than one more opportunity not to chase.
ppearlman - StockTwits

No comments: