Those who wait turn the market into gold; those who don't wait turn their principal into ashes! Livermore said: Waiting is the key to successful speculation.
Most people treat waiting as a blank space, so they use frequent trading to fill that blank; the darker the blank, the harder it is for light to shine through. True waiting is a Zen state of holding an empty position, a hibernation of funds, a hunter lying in the grass, breathing in sync with the wind. When prey doesn't appear, not even a finger is raised.
Waiting is not stagnation, but allowing probabilities to ferment over time; it's not giving up, but letting risks settle with patience. You wait, and so does the market; it waits for the moment when most people lose hope, while you wait for the moment it reveals its fangs.
There's a saying in the Zen way: sitting long inevitably leads to Zen; it's not the butt that sits long, but the mind. Taoism says "Great talents mature late"; it's not about time, but about the right timing. Like an old spring in a rock, dripping water for a thousand years, eventually forming a deep abyss.
Right now! Write down the trigger condition for the stock in your watchlist that you most want to move, and stick it at the bottom of your screen. Other than that, keep your fingers a foot away from the keyboard. If the condition isn't met, keep waiting; once it is, strike immediately. Let time sharpen your sword, and let the market bleed for you.
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Those who wait turn the market into gold; those who don't wait turn their principal into ashes! Livermore said: Waiting is the key to successful speculation.
Most people treat waiting as a blank space, so they use frequent trading to fill that blank; the darker the blank, the harder it is for light to shine through. True waiting is a Zen state of holding an empty position, a hibernation of funds, a hunter lying in the grass, breathing in sync with the wind. When prey doesn't appear, not even a finger is raised.
Waiting is not stagnation, but allowing probabilities to ferment over time; it's not giving up, but letting risks settle with patience. You wait, and so does the market; it waits for the moment when most people lose hope, while you wait for the moment it reveals its fangs.
There's a saying in the Zen way: sitting long inevitably leads to Zen; it's not the butt that sits long, but the mind. Taoism says "Great talents mature late"; it's not about time, but about the right timing. Like an old spring in a rock, dripping water for a thousand years, eventually forming a deep abyss.
Right now! Write down the trigger condition for the stock in your watchlist that you most want to move, and stick it at the bottom of your screen. Other than that, keep your fingers a foot away from the keyboard. If the condition isn't met, keep waiting; once it is, strike immediately.
Let time sharpen your sword, and let the market bleed for you.