Trading the markets (UMSv2)

[samba99]

Awesome!
How does your trading journal go? In my experience, it was noting down why I entered/exited what took me further.

I started to step back and think why is it that sometimes I make great sums and then lose it. Making money is not the issue at all, the problem is that I lose them after I make them, I realized something important after careful examitaion.

whenever I am in tune with the market, like not expecting the market to do something but rather in tune, listen to it, no expecation, observing, Almost like a zen state, I then make money while trading (effortlessly). Not some money not small amounts. but great some. 

however the problem is, after I make that money, my minds almost always shift from zen state to expectation or reactive state. what happens is, I start to expect the market to do something. In previous state of mind, I didnt expect, I didnt rush, I didnt feel the need that I must enter now, I didnt feel the need oh I need action. but in this state of my mind, I expect the market to move, and this expectation is creating chaos and losses to me. The expectation. This expection or the need for action is mainly caused because of incorrect goals setting. In trading, its counter prodactive to set a goal, for example, if I set a goal that this week I will make xxxx amount, that goal will make me seek action, and sometimes there is just no action, but because of that goal I set for myself, I start to make silly mistakes here and there. while when I am in tune with the market (the zen mode)  I almost never make these same mistakes.

I actually realized this after listening to a millionaire who had the exact same problem. he said whenever he hit 100k$ he always set this goal to hit a million dollar, which then causes him to make mistakes over and over and loss everything. 

I definitly see this in my trading activity, setting a goal that is associated with a strict short time line is really a no go with trading, because in trading you can control 3 things only, your entry, your exit and your trade size. Thats it. Now when I have things in my mind like oh its going down or it must go somewhere today, is just not good at all.

here how it goes > zen state > make money > chaos, reactive state (same state when you keep using your phone and switching between social apps without realizing) > lose money > lose moeny > lose moeny (until most profit are gone) > wake up from that state and return to zen state > make money.

In fact in trading they always say it must match your personality, well for me, I have always imagined that in the future when I make it  big, I will be trading in no rush and in a very relaxed state of mind. funny, most money I made is when I am mentally thinking and behaving like that future me. 

So the take here is I need to stay in the same state of mind after making the cash. Its funny when I used to hear millionaires say '' Making large sum of money is a problem needs solving, but keeping that money is entirely a different problem''