Finding peace in mind is hard but important

Last week, I did not do too much trading in this trading market. What I did is just took short for the futures that had brought me a decent income. Moreover, I started to adopt a long position to Wheat gradually, which had taken a tumble down during last weekends. At this time, I concern more about keep being profitable, rather than making the too much extra profit.
As usual, most of the knowledge of this market comes from learning from my classmates by this blog. Combining my experience, I do want to share some experience with this game.

Gossip

from: http://www.sororitylyfe.com/gossip-girl-world-elite/
#1 We should not doing this game on impulse.

This scenario must be similar to some of our classmates: when you open Stock tracks, you suddenly find that the stuff you bought yesterday just experienced an unexpected going-down. At the same time, this is already your second time to confirm yourself that the futures would not go down anymore. However, the price just keeps going down and seems no signal to go up again.According to my observation, When this scenario happens, most of my classmates shorted all of them in a second to protect themselves from losing less money. The situation sometimes even goes much worse when another classmate sat right behind you told you he or she just made a 10% increase in profit by trading Coffee! No doubt, many of our friends followed this coffee guy to start to buy coffee, without considering whether it is a smart choice. At that moment, they already forgot the extremely high leverage in the futures market.
#2Trading game needs a strong heart and a peaceful mind.

It is hard to get through after experiencing a significant price avalanche. I would say just leave it alone, hope everyone just can do their own business normally and not being disturbed by the fluctuation in the short term. This kind of peaceful mood is important and hard to get. Just think about it. After your futures’ price back to the formal level, you would find it is useless to be upset due to this little game.

1 thought on “Finding peace in mind is hard but important

  1. abamex

    Thanks for sharing your thoughts. As you say, the whole point of this trading game is to learn and have a good idea of what futures markets are all about!

    Reply

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