Profitable ETF Trading Strategies: the psychology of Grail seekers
How you think about the activity of trading in the world has a powerful influence on the planning preparation and execution of your trading plan.
If you think of it as a quest for the holy Grail, it would not be surprising for you to use the language of mysticism, spirituality, intuition and to find yourself in search of the magic keys to the kingdom or purifying yourself in order to be worthy of receiving divine inspiration.
You might spend your time in search of magical moments where the true knowledge of the world is revealed to you in strange and mysterious ways.
Your success or failure in the markets would be tied deeply and directly to your soul and would be a reflection of God’s judgment on your true worth as a human being.
Considering the number of people in Western literature that actually achieved the Grail, I cannot recommend this as a strategy for simply making money in the markets in order to achieve your financial objectives within the parameters of your appetite for risk. Think of the pressure the psychology places on every trade you make, and every decision you make to act or not act.
How can you trade with calm confidence if you believe that every moment is being judged against a heavenly standard while you are not yet in possession of all the rules in the evaluation criteria.
It would not surprise you to see a quest seeker in a constant state of manic depression, with the motion was cycling violently between states of near ecstasy and despair. Final validation only comes if it will at all near the end of your life when the Grail is either received or denied. It’s only at that moment when you truly discover whether all your actions have been in vain or validated.
It’s like taking one trade in your entire life for all the marbles with the cards stacked against you.
Why in the world would you choose to trade with that mentality? I am having a hard time trying to find a metaphor for trading that makes it harder to be successful than that.
It’s a free world though, and you are free to choose your way within it.
Choose your metaphor wisely.