Trading Is Not About Winning or Losing

I had a talk to a very close friend of mine. He is a very successful business owner with a very wide range of business. He built everything that he own now for only 3 years. He is a multi-millionaire and live his life the way he wants it to be.

He shared few words with me, he told me about his last failure, he lost an owed about USD 15 millions plus another 2 mio of his own. He almost give up in business, with a good bachelor degree that he graduated from a high reputable university he surely can get any job in his field with a good pay. He almost did that. But he refused to give up. This is a very typical story about a successful man. But his words to me really touch my feeling as it also stated by Bill William, the Chaos Trading inventor. "That failure was a process, my previous victory was also a process, if you focused on it you wont get yourself anywhere". That's the exact words from our Mr. Bill William, we should see the profit and lost as the process for us to be a good trader, the ultimate trader.

When talk about the process, only our own self can judge either we are following the process with the right track or not. Other people can't help us on this. People will judge us base on our contents (result). But only your own self can judge is the process running as it suppose to be? Are we trade our last mistake or avoiding it? This is the purpose of morning pages, write down everything of your thoughts, to see either the process to be the ultimate trader is running or stuck.

Be a Trader: Is it just an overnight job?

Many people trades, many people became technical analyst after attending any short-course or a seminar on "How to be a trader?". But most people failed to be a good trader or at least to be a trader. I always highlight to my friends it is easy to train your brain (get the knowledge) but it is very hard train your heart. We always refer our feeling and emotion as heart, it is actually the sub-conscious mind.

The "heart" can only be train through repetition of something that we want it to be trained for. You have to do the repetition over and over again. In my home country, to train a soldier they start at a very young age of 13 YO. Why should we start that early? Is it very hard to gain all the knowledge to be a soldier, seems to be it is harder than to be a Medical Doctor. But this is not how to know course, it is how be be.

If you want to know how to trade, it is very easy. But if you want to be a trader, it takes a lot of commitment in time and effort. I told you the most important matter in how to be is repetition, but what you have to repeat?Is trade that you have to repeat? If your last trade was lost all you going to repeat is losses. Please refer to my older post.