Getting back to “normal”

It’s been four weeks now since my dad passed away and it’s time for me to start getting back some normal routine in my life.

I’ve just got back from a week in the Norwegian Fjords which was amazing and a nice distraction.

Norwegian Fjords
Norwegian Fjords

We have had the funeral and all dad’s paperwork etc is almost sorted out.

Dad was a big racing fan and we have had permission to scatter his ashes at Newmarket racecourse and put up a plaque in memory of him.
Which we will be doing next week.

I would like to thank Newmarket Racecourse for being so nice and accommodating to us, they were so helpful and we couldn’t of expected any better.

I didn’t realise how much was involved when someone passes away. Luckily, I have a brother and a twin sister who have shared the load.

The Norwegian Fjords

Without trying to bore you too much, I just want to say how amazing the Fjords were. I have never been to Norway before, and I really didn’t expect it to be so beautiful. I was on a cruise ship so we stayed at different ports throughout the week. If you want peace and tranquillity in your life then this is the place to be.

Norwegian Fjords

On board Azura

Of course there was a casino on board our cruise ship “Azura”, and I don’t think an evening went by that I didn’t pay it a visit. It’s a mugs game for sure but I had some expensive fun.

On a few occasions I even joined the old ladies for a game of bingo. I didn’t win a bean the whole trip. Think I will stick to trading!

Holiday blues!

Anyway, now that my holiday is over I am going to start to concentrate on trading again. I’ve missed being at the ladders, although I know 100% I made the right decision to give it a break as I know myself to well, and the damage I could have done.

While I was away I did a lot of reading. I took Trading In The Zone with me. Although I have read it before, it’s a difficult read. So starting to read it again things started to sink in more. And as I am further along in my trading journey now, I understood a hell of a lot more.

I took a highlighter pen with me and anything that stood out I highlighted so when I go back through it, I can just jump to the highlighted parts.

Things from the book I took away

“The best traders think differently from the rest” What this means is that everyone to one degree or another thinks differently from everyone else. It seems natural to assume that other people share our perceptions of events.

We all see the markets the same way. They move up or down or stay the same but, your opinion of the market might differ from mine and someone else’s.

“The defining characteristic that separates the consistent winners from everyone else is this: The winners have attained a mind-set, a unique set of attitudes that allows them to remain disciplined, focused and confident in spite of the adverse conditions. As a result, they are no longer susceptible to the fears and trading errors that plague everyone else”.

Accepting the risks

The best traders learn to accept and embrace risks. Trading is a risky business, no trade has a guaranteed out-come, therefore the possibility of being wrong and losing money is always present.

“The best traders can put on a trade without the slightest bit of hesitation or conflict, and just as freely and without hesitation or conflict, admit it isn’t working. they can get out of the trade even with a loss. And doing so doesn’t resonate the slightest bit of emotional discomfort”.

Trying to avoid something that is unavoidable will have disastrous effects on your ability to trade successfully.

Admitting we are wrong and losing money can be extremely painful, and certainly something to avoid. Yet as traders, we are confronted with these two possibilities every moment we are in a trade.

The hard, cold reality of trading is that every trade has an uncertain outcome.

Don’t fall into this trap

People think that they can make more money by learning more about the markets. When in reality it’s their mind-set they need to develop. It’s a trap nearly all beginners fall into. I was the same.

“The consistency you seek is in your mind, not in the markets. It’s attitudes and beliefs about being wrong, losing money, and the tendency to become reckless, when you’re feeling good, that cause most losses – not technique or market knowledge”.

If you have the right mind-set and attitude – then everything else about trading will be relatively easy, even simple.

What makes trading so fascinating and, at the same time, difficult to learn is that you really don’t need lots of skill; you just need a winning attitude.

5 Replies to “Getting back to “normal””

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post
Learning how to believe in yourself will open up endless possibilities in…