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Trading in the zone

Failure To Take Responsibility

Trading could be characterized as pure, unrestrained personal choice with immediate outcome.  In trading, nothing begins until we determine it should, it lasts as long as we want, and it doesn’t end until we want it to. 


We may relish the freedom to make all of these choices but that does not mean we are ready to accept responsibility for its consequences. This presents a dilemma: how does one participate in an activity that allows complete freedom of choice, and at the same time shun taking responsibility for the outcome of those choices peculiarly if the outcomes are unexpected and not to one's liking?  


To participate in trading but not take complete responsibility requires that you adopt a trading style that to all intents and purposes is random & discretionary. This signifies poorly planned trades. It is an unorganized approach that takes into consideration an unlimited set of variables, that does not allow you to decipher what works and what doesn’t on a consistent basis.


Randomness could be quantified as unstructured freedom without responsibility. When trading without a well-defined plan and with a limitless set of variables, it is easy to take credit for winning trades as we do have “some” methodology, yet it is easy to avoid taking responsibility for losses considering there is always some variable we did not know about or didn’t take into account beforehand.  


It would be backbreaking if not impossible to create consistency trading the markets if its demeanor was truly random. If it is unobtainable to be consistent, then we don’t have to take responsibility. We know however through our skills and wisdom that the markets are not random. The same behavior patterns present themselves recurrently. Even though the outcome of each individual pattern is random, the outcome of a series of patterns is statistically dependable. This is a paradox, yet it can be easily settled with a disciplined, organized, and consistent approach.  

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Units 5/19