Positioning, Timing & Awareness
... food for thought in life and trading
If you are not familiar with the book 365 Tao: Daily Meditations by Ming-Dao Deng, I would highly recommend checking it out; I consider it a wonderful companion for life.
Here is an excerpt that is extremely applicable for traders:
It is as easy and natural as the heron standing in the water. The bird moves when it must; it does not move when stillness is appropriate.
Actions in life can be reduced to two factors: positioning and timing. If we are not in the right place at the right time, we cannot possibly take advantage of what life has to offer us. Almost anything is appropriate if an action is in accord with the time and the place. But we must be vigilant and prepared. Even if the time and the place are right, we can still miss our chance if we do not notice the moment, if we act inadequately, or if we hamper ourselves with doubts and second thoughts. When life presents an opportunity, we must be ready to seize it without hesitation or inhibition. Position is useless without awareness. If we have both, we make no mistakes.
The original Daily Mediation can be found here > POSITIONING.
Disclaimer
This Substack is not an alert or trade signal service and does not offer investment advice. You and only you are responsible for the trades or investment decisions you make. Authors are not registered investment or commodity advisors, brokers or dealers. Please do your own research.