Zen in the market
(2016-12-19 18:44:56)The market is an easy game to play. It is just that we are
hell-bent upon making it so complicated. That`s what makes it so
difficult for us to win.
The mental disciption of Zen will help cut through our own fog
of self-deception and finally allow us to see clearly and feel the
true course of the market, Then we can and will act
accordingly.
1, Buy low, sell high.
2, Let profit run, cut losses quickly.
3, Add to a winning position , not a
loser.
4, go with the trend.
We will be able to hear the market`s signals and respond
accordingly.
The book answers that question and supplies a simple but
difficult solution.
We`re fighting the trend. We can clearly see that the
direction is down, yet many of us think nothing of averageing a
loser. What makes us want to break them and place our capital at
greater risk?
What I am saying is that the market makes all the decisions.
Our only decision is to listen, feel, and respond to the market`s
siren, Always and without exception. Remember, the market never
lies. It is only we who lie to ourselves.
"Forget what we were taught in school. It doesn`t fit the
scheme of things here. None of that schoolbook logic applies
here."
Just give up the idea that we can figure it out! Listen to the
market shout a very clear and unmistakable direction to us. All we
have to is listen, feel, and follow the market`s signals and not
hope the market follows our lead. Rest assured. it won`t!
Predictions about the future based upon similarities to the
past are worthless.
Charts are total gibberish. They have not validity. They are
simplely history, and like history, if we contiune to study them,
we will probably commit the same errors of the
past.
Remember, all we have to do is stay in the present mement.
Don`t think about the past or the future. Focus on the here and
now, and listen the voice of the market.
We must keep our focus in the here and now. Charts, economic
analyses, news articals, and investment reports distract us from
focusin on the present moment. All best all we do is refelcet the
market.
The remainder of the book presents the Zen approach to
successful trading and reveals how to listen, recoginze, and obey
the langauge that the voice of the market
speakes.
Step one: Meditation
Step tow: Visualizations
After I have prepared my mind,I try to visualize the many
waves that occur during the trading day. There are up waves , and
there are down waves. My jobs is to ride each waves as far as I
can, no matter which direction. Basically I visualize a circle of
prices moving in one direction or another. I see myself getting on
that wave and , when it peaks or bottoms out, reversing and going
with the next wave. I repeat this over and over again. I see myself
taking losses quickly and alse see myself riding winners for as
long as possible. I try to do this for at least five minutes a day.
Sometimes I repeat this routine at night before I go to bed. I
beliver it works because it cuts a neurological circuit that the
brain is familiar with and thus can evoke quickly when needed. It
is just my theory. All I KNOW it works.
Our egos trick us into doubling up a losing position. They
refuse to look directly at reality. They want to be right no matter
what the cost. A lot of people would rather be right than make
money. Their egos are making all the
decisions.
Small is big , big is small
There is a paralysis that sets in when the lossers begin to
mount. These losses are much too much for the ego to admin. It
would rather deny and postpone judgment day than face the
truth.
The greater the size , the greater the pain when we are on the
wrong side of the flow of the market. It`s easier to swallow our
medicine when the pills are small than when they are
big.