Monday, April 12, 2010

Blowing up Accounts and Other Bedtime Stories

"When we refuse to acknowledge or accept the perfection of each moment in our lives, we deny ourselves access to the information that we need to expand ourselves. Any skill that we need to learn to express ourselves more effectively has a true starting point. To find that true starting point requires our acceptance of each outcome as a reflection of the sum total of who we are so that we can first indentify what skill needs to be learned and how we might go about the task of learning it. Without this true starting point, we will operate from a base of illusion." - Mark Douglas

I sense DDT was a little tired tonight, and I thought I’d give him a surprise in the AM with a fresh post, so he won’t have to.  Earlier in the day there was a small discussion about blowing up accounts, and if that qualifies you to be a real trader.  I’ve blown one.. or nearly blew it.  That little account still has a small balance of $672 in it, and I keep it open to remind myself of what my recklessness once did to me.   Notice I said “my” and “me.”  Ownership is really an important trait of a good trader, IMO.  I once had a very wise older man tell me something that sticks with me to this day: most problems (in life) are the result of our poor choices.  No, not those things that come out of nowhere and are randomly dumped upon us, but I know you know what I’m talking about here.  Being the egotistical little beings that we are, that’s a hard pill to swallow sometimes, but rings so true, too often.  If you can’t take ownership, you could just stay on the treadmill of the repeat-a-thon.  Anyway… I have just three charts to share tonight.  Nothing earth shattering, no big Ah has!  I don’t know what’s around the corner anymore than any of you do, so just taking it one day at a time, one trade at a time.  Best of trading to you all tomorrow, as always. ;-)

indu_4_12 xlf_4_12

crb_4_12 Now, completely tongue in cheek here.. but my female buddies and I like to sing this sometimes when we’re rowdy.  Just seems to fit tonight.  For you DDT.  :-)


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