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"Look at your own life. You love to surf. You wait for the waves, and you paddle into their
energy flow
, and you ride the wave. How is that any different to what we do as traders? When you are out there, sitting outside the impact zone, waiting to paddle in,you don't paddle when there are no waves
. You are patient. When theright size
[1] wave builds ups, you get ready. You are one with the sea. You roll with its flow. You surrender[2]." —— David Paul interview with Tom Hougaard
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30 October 2024
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28 October 2024
- ↑ The momentum has to be big enough for trader to have space to make money.
- ↑ Right before you are in, you already know where is your stop and the profit target, once you are in, there is not much you can(or should) do, market will play out by itself and tell you whether she agrees with you or not. If you win, that means she agrees with you; if you loss, it simply means she doesn't agree with you. Accept it, and move on. This is what called "Surrender".