Thanksgiving is the one American holiday whose sentiments if not its origins should be universally admired.
After all, who can object to giving thanks once a year for what is for most of us the greatest abundance of wealth and resources in the history of the world.
If you are unsatisfied with the state of the world (and you certainly have plenty of cause) just follow my Russian approach to life and be grateful for breathing and walking which is 99% of the game especially so in the time of COVID.
So the sentiments of Thanksgiving are noble and we should all apply them as much as we can but when it comes to the market - the market doesn’t care.
The market doesn’t care if you are grateful or ungrateful.
If you’ve flossed your teeth and meditated or stumbled to your monitor bleary eyed and hung over.
The market will do what it wants to do and nothing you do to improve yourself will have any impact on whether you win or lose.
I listen to a lot of trading podcasts when I walk the dogs and nothing amuses me more than the almost constant devolution into self help talk that permeates so much of that content.
You can’t become a consistent trader if you are not consistent in daily habits.
You can’t trade well if you are not in peak physical shape.
You can’t be disciplined in your trades if you are not disciplined with yourself.
Over the past two years I haven’t ️ worked out once.
I increased my coffee ☕ habit to 8 cups per day.
I’ve gone more than a few days in a row unshowered and unshaven and often let a week slip by without making my bed.
And yet I’ve never traded better in my life.
I am not proud of any of these things. I certainly intend to do better in the new year and whip my sloppy self into shape. But whether I do or not the market will not care.
This is the greatest fallacy that many retail traders fall into. If only I work on myself and become a better, more disciplined human being I will become a better trader. Nope. That’s true in many other arenas of life - in virtually ALL other arenas of life, but not in trading.
I’ve put on perfect trades half asleep barely able to tap out prices on the chiclet keys of my iPhone and managed to make some of the worst mistakes ever off my multi monitor setup with ultra fast keys programmed in.
Success in trading doesn’t depend on your state of mind, the quality of your equipment and not even that much on the execution spreads you receive.
Success in trading depends only on one thing - the accuracy and the resiliency of your approach to the current market conditions.
Past performance is not indicative of future results. Trading forex carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any such leveraged products you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading on margin, and seek advice from an independent financial advisor if you have any doubts.