Let me your thoughts... The Market as Mirror In my experience as a trader and coach, I have come to see the market as a big, glaring mirror. So, when we look into it (or trade in it) we see ourselves! What does that mean? Well, as traders, we are focused on things like charts, implementing strategies, using indicators, seeking out opportunities for gains, experiencing excitement and hope, etc. The market includes all this, but at a deeper level, interacting with the market is an opportunity to see one's self. When you trade, you probably experience some emotion-- calm, fear, anxiety, elation, resistance, uncertainly, confidence, etc. These emotions are common for traders to experience, but you may or may not allow yourself to be aware of them. The emotions we have while trading are not about the market, although they seem to be. These emotions and reactions are inside you. The market is "triggering" you, like a bully poking his finger in your chest. So the "mirror" translates to the market as a place which can provide you a reflection of yourself. Whatever is brought up by trading can now be seen if you are willing to look. If you knew that taking a "look" at what comes up, and allowing this awareness would help your trading, would you the be curious or interested? See the full article here.
If you see the market as a mirror, you have no edge. Trading with edge features zero emotions. People think that controlling emotions is first and with it comes your trading edge. It's the other way around. Sit on your ass and research until you found something that works. Test it and trade it small until you trust it and then go full force. When you know what you have to do, there is no reason to feel calm, fear, anxiety, elation, resistance, uncertainly, confidence. You know how to cut an apple, right? Do you feel anything? I don't...same with trading. Just don't be lazy and do your homework, folks.
i think most traders self examine and beat themselves up. most don't understand why they win and why they lose, they feel like they are in control and then out of control. this uncertainty wears on you psychologically with time and beats you down. it takes 10 years of frantic searching and experimenting on a daily basis to develop the ice water in your veins. most traders run out of money long before they finish their phd in trading. if you do have the money to endure the learning curve, still that is no guarantee without the edge.
@MrMuppet I think the OP might be using the above mentioned analogy, ONCE YOU ALREADY HAVE AN EDGE, and are a consistently profitable trader. Then, we are dealing with very, very subtle emotions, to take it to the next level. I have been a professional trader since 1998, so I know a few things...
Looks like your buddy, Timothy Morge, could not even trade! According to his wife's attorney, Morge had not placed a single trade in a decade. And Blackthorne Capital, had less than $4K in total assets (when he died), well below the 100 Billion+++ from "major" Sovereign Wealth Funds, he lied about. Many students are looking for their money at the moment, and his website was shut down today. And to think that you wrote positively about this fraudster, piece of shit, sociopath. He is gone now. I did a pretty good job Maybe plant a tree? @MarkBrown ??? https://www.ruffnerwakelin.com/obituaries/Timothy-A-Morge?obId=17989083 https://www.elitetrader.com/et/threads/tim-morge-and-the-well-chosen-example.305061/page-23 Love exposing scams like this, you SUCKER!!!
what a strange assumption or obsevation, how did you come up with that, is it your personal mindset that sees this or that you tell this to folks that you coach? point: when I trade I don't see myself in a mirror, and cannot compare this to buying any goods or services. I do though compare playing the market to 'greed' that I compare to gambling, any type from lotto, casino, on-line gambling .... it's gambling how do you yourself personally see stock market trading - do you compare it to anything or is it just a reflection of something?
i said like others who left words for him that he was a good guy as far as i knew him which was a decade ago, last contact. it's my understanding he managed money for a long time so i doubt with industry oversight he managed to somehow rip off his managed money clients. otherwise educationally, i can see why people have sour grapes either by, the methods not working for them or their own frustration of not being able to replicate a method. m
The most Timothy Morge managed was $4M, back in 2004-2005. I was managing more money in my 20s (and it was my OWN money)!!! He failed at trading, and realized he could make more money in the education side of it. And he LIED A LOT. Dude, I am talking about MANY people who paid $15K-$25K for Mentoring sessions from this fraudster, in advance. Their money is gone, as Blackthorne Capital had less than $4K in assets, as of this week. Wake up!!! And go plant A TREE
it's crazy i have been here 19 years and 18 years before you showed up, lol. please tell me more about your amazing feats of trading.