No archies card to give,No sweet flowers to send,No cute graphics to forward,just a CARING heart with lovely saying... Many Many Happy Returns of the Day..!!!
Eight monkeys are put in a room. In the middle of the room is a ladder, leading to a bunch of bananas hanging from a hook on the ceiling. Each time a monkey tries to climb the ladder; all the monkeys are sprayed with ice water, which makes them miserable.
Sooner enough, whenever a monkey attempts to climb the ladder, all of the other monkeys, not wanting to be sprayed, set upon him and beat him up. Soon, none of the eight monkeys ever attempts to climb the ladder.
One of the original monkeys is then removed, and a new monkey is put in the room. Seeing the bananas and the ladder, he wonders why none of the other monkeys are doing the obvious, but, undaunted, he immediately begins to climb the ladder. All the other monkeys fall upon him and beat him silly. He has no idea why. However, he no longer attempts to climb the ladder.
A second original monkey is removed and replaced. The newcomer again attempts to climb the ladder, but all the other monkeys hammer the crap out of him. This includes the previous new monkey, who, grateful that he's not on the receiving end this time, participates in the beating because all the other monkeys are doing it. However, he has no idea why he's attacking the new monkey.
One by one, all the original monkeys are replaced.
Eight new monkeys are now in the room. None of them have ever been sprayed by ice water.
None of them attempt to climb the ladder. All of them will enthusiastically beat up any new monkey who tries, without having any idea why.
When trading the markets, it's more common to be wrong than right. There are many ways to be wrong. You can misread a chart pattern, since interpreting a chart is largely a matter of subjective interpretation. You can falsely anticipate what the market will do next, or you can simply commit too much capital to a trading strategy that just may not pan out in the long run. Novice traders, in particular, are infamous for needing to be right. This natural, human tendency is so powerful that novice traders engage in unproductive trading behaviors to avoid admitting that they are wrong. They might hold on to a losing trade, for example, to keep losses on paper. They may procrastinate or put off making a trade in an effort to avoid facing the consequences of a bad trading idea. In many ways, a need to be right can be stifling.Rather than feel free and creative,a trader who consciously or unconsciously needs to be right mayhold back at critical moments of trading.When you are inhibited and afraid, you avoid making trades. And unless you make trades in a variety of market conditions, you'll never hone your trading skills and master the markets. To trade like a master,it is vital to stay calm, open, and ready to trade with a winning edge.
Is being wrong really so bad? Many people have trouble admitting they are wrong. It can be difficult to admit we are wrong. It hurts. We tend to place great psychological significance on negative feedback. For example, when we are wrong, it is as if parents or teachers are criticizing us for doing something morally wrong. But this is a false assumption. When we are wrong, or make a mistake, we are not doing anything morally wrong. We are just being human. We all make mistakes and it is vital to take setbacks in stride. If you can learn to downplay the emotional significance of being wrong, you will feel calmer and can trade more freely and creatively.
Another reason we hate being wrong is that we have an irrational need to be perfect. We often assume that unless we are always right, we will not be successful. This is especially true when trading. Every dollar we lose may often require the effort of making two dollars to make up the difference. It's natural to want to be perfect and never lose. But we don't always need to be right. If you make small practice trades, for example, you can make a trade, learn from your mistakes, and make a new trade. Over time, you'll hone your trading skills. Since risk is managed, you can make mistakes and learn from them. There's nothing to fear.
There's no reason to kick you for making a mistake. You're human. You are allowed to be wrong. Don't be afraid to accept your limitations. If you allow yourself to be wrong, you will allow yourself to trade more freely, and over time, you'll hone your trading skills to the point that you will trade the markets skilfully and profitably.
Time and tide wait for none! - I can understand That's Proofed one, but Why so fast? I am in still fresh mood of New Year, Of course still in in the mood of "Freshly married" :) but finished 8 months. Started with No New Year Resolution this time.. that's makes me realize that lacking some thing...:(
These thirty days... spent just like without knowing how i am spending. God Provide some strength to plan out some thing to my career and my dreams :) :)