Is the Market a Battlefield for You?
Start thinking of the ocean in this way and a miracle happens. Instead of emotions, focus on studying patterns - where the current flows, whether it will take you to where you need to be, where the sharks are, or where they are likely to be. What are the signs of them circling, how do you recognize their approach and how do you spot fish that you can catch and eat etc? That's your cold-blooded trading approach where you act according to the patterns and not according to what your emotions would have you do.
The market makers, specialists, quant’s, algo’ traders, and high frequency traders etc. are not your enemies; they are merely fellow market participants who create the patterns from which you can profit. Consider them as enemies - and you’ll find yourself fighting those patterns. Instead, consider them as part of the environment - and start to study and follow the patterns they create. In a strange kind of way, they become your friends. Okay, not friends you want to invite for a Sunday dinner perhaps, but helpful entities that create signposts which you can use to navigate the markets.
Re-read the paragraph above before you start your next trading day. See if it puts you in a calm and confident state of mind where you feel in control of your emotions and actions.
Vadym Graifer can be contacted at RealityTrader