我对市场的潮起潮落有了知觉。我时刻准备着I am available。我不需要知道市场下一步会做什么，因为我知道不管市场在做什么，我将如何反应。我对自己如何反应很有信心。
Stage Five: The Inwardly-Bound Stage
The trader who is able to pry himself out of Stage Four uses
his experiences there productively. The trader learns, as stated earlier, what
styles, techniques, and tactics are popular. But instead of focusing entirely
on what’s “out there”, he begins to ask himself some questions:
What exactly does he want? What is he trying to accomplish?
What sort of trading makes the most sense to him? Long or
intermediate-term trading? Short-term trading? Day-trading? Trend-trading?
Scalping? Which is most comfortable?
What instrument — futures, stocks, ETFs, bonds, options —
provides the range and volatility he requires but is not outside his risk
tolerance? Did he learn anything at all about indicators in Stage Four that he
might be able to use?
And so he “auditions” all of this in order to determine what
suits him, taking all that he has learned so far and experimenting with it.
He begins to incorporate the “scientific method” into his
efforts in order to develop a trading plan, including risk management and trade
management. He learns the value of curiosity, of detached interest, of
persistence and perseverance, of taking bits and pieces from here and there in
order to fashion a trading plan and strategy that are uniquely his, one in
which he has complete confidence because he has tested it thoroughly and knows
from his own experience that it is consistently profitable.
He accepts fully the responsibility for his trades,
including the losses, which is to say that he understands that losses are
inevitable and unavoidable. Rather than be thrown by them, he accepts them for
what they are, a part of the natural course of business. He examines them, of
course, in order to determine whether or not some error was made, particularly
one that can be corrected, though true trading errors are rare. But, if not, he
simply shrugs off the loss and goes on about his business. He understands,
after all, that he is in control of his risk in the market.
He doesn’t rant about his broker or the specialist or the
market maker or that vast conspiracy of everyone who’s trying to cheat him out
of his money. He doesn’t attempt revenge against the market. He doesn’t fret.
He doesn’t fume. He doesn’t succumb to hope, fear, greed. Impulsive, emotional
trades are gone. Instead, he just trades.
Stage Six: Mastery
At this level, the trader achieves an almost Zen-like
trading state. Planning, analysis, research are the focus of his time and his
effort. When the trading day opens, he’s ready for it. He’s calm, he’s relaxed,
Trading becomes effortless. He is thoroughly familiar with
his plan. He knows exactly what he will do in any given situation, even if the
doing means exiting immediately upon a completely unexpected development. He
understands the inevitability of loss and accepts it as a natural part of the
business of trading. No one can hurt him because he’s protected by his rules
and his discipline.He is sensitive to and in tune with the ebb and flow of
market behavior and the natural actions and reactions to it that his research
has taught him will optimize his edge*. He is “available”. He doesn’t have to
know what the market will do next because he knows how he will react to
anything the market does and is confident in his ability to react correctly.
He understands and practices “active inaction”, knowing
exactly what it is he wants, exactly what it is he’s looking for, and waiting,
patiently, for exactly the right opportunity. If and when that opportunity
presents itself, he acts decisively and without hesitation, then waits,
patiently, again, for the next opportunity.
He does not convince himself that he is right. He watches
price movement and draws his conclusions. When market behavior changes, so do
his tactics. He acknowledges that market movement is the ultimate truth. He
doesn’t try to outsmart or outguess it.
He is, in a sense, outside himself, acting as his own coach,
asking himself questions and explaining to himself without rationalization what
he’s waiting for, what he’s doing, reminding himself of this or that, keeping
himself centered and focused, taking distractions in stride. He doesn’t get
overexcited about winning trades; he doesn’t get depressed about losing trades.
He accepts that price does what it does and the market is what it is. His
performance has nothing to do with his self-worth.
It is during this stage that the “intuitive” sense begins to
manifest itself. As infrequent as it may be, he learns to experiment with it
and to build trust in it.
And at the end of the day, he reviews his work, makes
whatever adjustments are necessary, if any, and begins his preparation for the
following day, satisfied with himself for having traded well.