Have you ever played games with a rule bender?
Like our own children, stock trading has the uncanny ability of endearing itself to us while at the same time evoking every weakness of mind and character.
We trade the current market conditions as they unfold with a plan to trade one way or the other. To do otherwise would be to fight an undefeated foe.
We think differently when in a winning trade versus when in a losing one or after we close a winner versus a loser.
The lyrics above were penned and released as song by John Denver in June 1981. You do remember John Denver don’t you? Denver was merely putting things in perspective just like we traders must do.
Let’s not miss the obvious because we adhere to a belief system that blinds us to reality.
Unsuccessful traders fail for various reasons; successful ones succeed but for one reason.
