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“You…Me…The “Two W’s” ….and Expectation”
We are facing a historical climate in the financial sectors of our country, and after all the analysts and pundits have their say…it is clearly emerging that the Citizenry of America is having their say as well. Pick up your morning newspaper…or turn on the TV at any time of day or night….and we are seeing constant opines from our neighbors around the country concerning Washington and Wall Street.
…As if we are truly “disconnected” from them…..like the “Two W’s” are seemingly separate entities from the citizens who fund them, and the constituents they represent.
In the same fashion we as Traders view intermarket relationships as resources in our endeavors…..the “Two W’s” are searching for similar relationships in analyzing, explaining, and justifying their fates.
What is it they are expecting this massive monetary package to do? Of course…the rationale is to stabilize the U.S….albeit the World’s financial system. But this is the rationale…the reasoning…….what is their Expectation ???
And here….everyone…lies my “built-in Lesson”……
When you are involved in your own trading endeavors….do you consciously think of what YOUR expectations are?
Of course…we all can justify the whys, hows, reasons, for why we placed the trade….but is our working process really done there? What are we expecting from the trade?
Do you expect to not be stopped out?……..expect not to be immediately wrong?……expect the position to hit your targets and exits and be successful?
I propose that in this moment of Expectation… that the real work begins. Our mental stability and psychological make-up begin their processes after we pull the trigger….
I try to look back on all of my trading and try to remember what I was expecting from the trade…the entire process. Winning or losing is only the first conclusion we have. The final conclusion is how far off or how close to “The Mark” we were on the anatomy of placing a trade.
So try to take a look back on your own trading work….and see how many of your own “Expectations” were either met or led astray.
The self-actualizing aspect of this can greatly improve your own abilities to analyze the ONLY Trader you really know……..Yourself.
by CVJ
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Have a comment, question or a post you’d like to share here at Chartology. Send it to me at ragheehorner@yahoo.com. Let’s start the discussion. Get off the bench and into the game!
- Raghee
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Very eloquently written CVJ. Can we please have more of the same, or possibly your own blog on FX Street.
Yes! Bravo! I completely agree and would love to see a CVJ Blog at FXStreet.
Excellent Post CVJ
Finally I got the chance to read it and I liked it very much.
I take Raghee’s suggestion about the blog
You´ll be in touch with my people soon
Francesc
I totally agree with CVJ. Too often we try to change our minds in the middle of a trade, either influenced by greed or fear. This is an indication of our lacking of confidence to our decision of the trade. If we have a clear expectations to a trade before we put on the trade, then we will be more likely to stick with our trade plan.