Sunday, February 14, 2010

"... how full is your glass ?".

Remaining focussed and positive in turbulent markets is hard.

What do you see :.

"OPPORTUNITY IS NO WHERE".
"OPPORTUNITY IS NOW HERE".

In his book, "Trading Dimensions: How to profit from chaos in stocks, bonds and commodities", Bill Williams, (1998), indicates that if we saw the first statement, we are more likely to be taking a negative view of where the markets are heading. Whilst if we saw the second statement we are more likely to be more positively focussed about the future.

Williams points out that this moment in time is unique, it has never been before, and will never come again, and that our attitude towards how we will trade it from this point onwards, is greatly influenced by our current perceptions and the environmental factors that have shaped our intellect to date.

How full is your glass ?


Cheers

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