Managing Expectations (Part 1)

These past few days, I have been training my mind and things seem to be improving.. I am no longer so impulsive or attached to the outcome of my trades.. I took trades base on my own analysis and after that , I try to observe my thoughts closely.. I am not trying to resist the thoughts as it will be more counter productive.... What I am trying to do here is to observe and let it go past.. without any desire to curb it or anything... The ultimate aim is to empty the mind and trade the flow without having any expectations.

By having an expectation, I desire/crave for an outcome and if the outcome does not turn out to be what I like, I will feel a sort of anger/emptiness in myself.. I used to revenge trade for my losses because it all lies with my expectation for a profit so whenever trade going against my favor, I will just cost average till it turns to a profit.. 60% of the time I will go unscathed but the remaining 40%, I crashed out and blow my own account..

This is the danger of having hope/expectation.. Trading is simliar to the real world.. Many variables are not within our control..... Its just an illusion thinking we are in control but in fact it is never the case but one thing that can be achieved is to fine-tune my mindset... To trade effectively (based on the present rather than bias formed from mind), emotional baggage needs to be dropped from the mind to make it "lighter"....

Most of the cases, the underlying obstacle is within my own fear, greed and ego... Ego comes from the fact of emphasizing on "ME"...  like I know a lot... this trade will never be wrong and I do not want to have any losses.. Theres are many more examples... Fear stems from a certain desire...... Like I fear of my account getting blown out or trades turning out to a loss and all this fear comes because I am EXPECTING something.. I am desiring to earn LOTS of money thus the fear so its kind of related to GREED.. They are inter-dependent....

Though its ironic but I think the amount of money made is not an accurate indication of good trading but rather, I think good trading is more on virtues.... Trading with good virtues is more important as this is the only thing which can bring stabilization to the mind, leading to a higher possibility of a more consistent result.