ForexSpirit

I’ve finally got around to reading Mark Douglas’ ‘The Disciplined Trader’ which I got as a gift at Xmas.

Reading chapter 12 today make me come to a realization on how I should re-focus and re-phrase my trading objective.  Mark advocates that you need to be continually learning to make sure that you are open to all the opportunities that exist in the external environment, while also forcing you to continually evaluate your currently held beliefs with regard to their present relevance and usefulness.

The focus should not be on the destination but on the journey.  I think this is another aspect of why Vincent Roazzi says that goals are no good, and that only objectives are useful.

To bring the journey to the fore, I can re-define my objective as: to continually learn how to trade profitably and consistently.  Process is important.

To build a mental foundation that allows for continuous learning three assumptions need to be incorporated into the mental framework.

Firstly, that I haven’t learned everything there is to know.

Second, what I have already learned to believe may not actually be very useful with respect to fulfilling myself in some satisfying manner.

Lastly, that what I have learned that is useful and works to my satisfaction is still subject to change because of the changing environmental conditions.

Change is therefore inevitable.  The ‘Who moved my cheese?’ parable shows its usefulness once again.