When you can’t get past it, you keeping paying for it.

When I was probably 6 or 7 there was a nice couple, Marvi and Raymond, whose house we would go to while my mother was working.  One time I was riding in the back seat and gum came out of my mouth.  It fell to the carpet and stuck there.  I moved the mat over I didn’t say anything.  Hard to figure out how I rationalized that at the time but I did.

Fast forward 22 years, at my mothers funeral I ran into that couple.  I finally got a chance to say sorry.  Of course they did not remember and were surprised I even remembered.  Obviously the gum falling out of my mouth was not weighing that much on me but it occasionally crossed my mind.  I should have been able to get past it or pick up a phone.

Moving on after a trade is essential to being a successful trader.  That is often accepting what you did and learning on from it.  If you can’t get past that trade it will leak into other trades.  This is true for both good ones and bad ones.

So the purpose of this post is two folds. I think that it is obvious that you have to move on but at time it is not so obvious.  This is written in a rational voice perfect world scenario.  Practice makes perfect. (that is what I am going to say from now as it occurred to me “easier said than done” does feel right anymore, why does it have to be that way?) The other point I am trying  to make is that you should relate to a past experience.  It does not always relate directly but in this case, I suffered for no reason for all those years.  I had a simple way to fix it, admit I made a mistake. Instead I tried to run away.

You are probably thinking wow 22 years is an irrational amount of time, but remember one persons irrational is another’s reality.

What is an irrational amount of time to get past a winner or a loser?

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  • Well it is sort of like Poker.  I played online for years and could write for an hour on all the hands I lost, all fresh in my mind.  I know I won a bunch of hands, but those sort of fade off into the background.  Same with trading, I still think is miss steps and skip over the winners.  The trick is to not let the loser trades affect how you operate, assuming you are operating correctly of course.

One Response to When you can’t get past it, you keeping paying for it.

  1. GYSC says:

    Well it is sort of like Poker.  I played online for years and could write for an hour on all the hands I lost, all fresh in my mind.  I know I won a bunch of hands, but those sort of fade off into the background.  Same with trading, I still think is miss steps and skip over the winners.  The trick is to not let the loser trades affect how you operate, assuming you are operating correctly of course.

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