Feedback in:
We are still in the game, with some losses and some gains; currently at break-even after a drawdown period. All is well.
Yesterday, the price took me out of a trade that already had a stop-loss set at break-even. Without delving into details, a gap at market open brought the price below my break-even level, leading me to sell immediately.
The frustrating thing about this is that apparently the worst-case scenario would have been to exit with no profit or loss. However, the unexpected happened, resulting in a 2% loss. Despite being the same story, this time I felt more demotivated, as if I were stuck in the mud. Nevertheless, I continued with the process, as there was nothing else to do.
This morning, after setting the stop-losses for my current positions, I went for a run, I usually alternate between weights and running as exercise. But today, I needed something more intense; I wanted to feel alive and purposeful. I started running while listening to your latest podcast, the monologue, and boy did I get it, crystal clear.
It helped me refocus on what truly matters: the process;
Process vs outcome:– Bad process + good results = dumb luck
– Bad process + bad results = deserve failure <- here I was with my bad process a year ago.
– Good process + good results = Success
– Good process + bad results = bad break <- here I am currently.I don’t expect a response to this email; I just wanted to share these thoughts with someone I know understands.
Having some kind of record helps keep me going.There’s still a lot I don’t understand, but I am working on it.
Thank you for your constant participation.
Fernando S.
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