Archive for October, 2008

If you want to make money.

To succeed in the markets we must surrender.

This concept demands nothing less than we approach the markets with ignorance and humility. Why? Because markets keep changing. Only someone who approaches them with ignorance can adapt to them. Otherwise we’ll get caught defending some position or another: “But it’s supposed to go this way.” Surrendering to the markets means, in a sense giving up. It means giving up all of our cherished opinions, hopes, judgements and conclusions. Just…let…go…. by J. Welles Wilder.

[...] I should be getting in tune with the universe, not insisting that it gets in tune with me. To insist that it gets in tune with me would be arrogant, and it would be my own arrogance that would destroy me. To get in tune with it is to be humble, willing to follow it where it goes. If I fight against the river by trying to go upstream, seems like a relentless implacable enemy constantly pushing against me, constantly trying to thwart me. But the river is not against me, it’s just flowing the way it’s going, then life – or trading – becomes an effortless, serene, beautiful float down the stream. – Jim Sloman

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