By Edwards Allen Toppel
A veteran dealer takes a Zen method of the inventory marketplace, utilizing primary ideas of Zen Buddhism rather than conventional monetary idea and inspiring traders to place egos apart and hear in a demonstrated technique for fulfillment.
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Extra resources for Zen in the Markets
The greater the size, the greater the pain when we are on the wrong side of the ßow of the market. It’s easier to swallow our medicine when the pills are small than when they are big. n Zen in the Markets: Confessions of a Samurai Trader 31 Chapter 7: Paddling in the River Buy high, sell higher. Sell low, buy lower. That’s the way the old saw about making money in the market should read. To do otherwise is to be guilty of picking tops or bottoms. Both are deadly ego games. When a market is moving in one direction, it is more likely than not to continue to move in that direction.
There is something within each of us that has a power over our minds that prevents our acting according to what we have agreed is the proper course of action. That something is present in all of us and is very powerful, more powerful than anything I know. Let’s call it ego. Until we learn to get rid of our ego, we will never make money in the market consistently. Those who haven’t identiÞed the ego’s ways will eventually be destroyed in the market because of their ego’s tendencies. It is just that powerful.
A market jiggles back and forth, producing many momentary price changes in each direction. Only a very strong person will be able to play each switch. This is exhausting, and I know of no one who can be switching back and forth constantly. If you are an investor who is not on top of the market every second, you simply have to devise some kind of switch parameter that allows you to monitor the market and your positions. Perhaps it is a standing stop-loss order based on percentage of capital at risk.