I am writing a short post (pun not intended) inspired by a series of events...
Over the past week, I saw this YouTube link about a BBC interview of an independent trader who was surprisingly candid in saying that the outlook is bad and the markets will crash, and Goldman Sachs owns the world.
So, I shared that link on my FB page and an ex-colleague friend posted: "I dont think he has any special insights into the world economy, he was just being self-aggrandizing dick."
I thought is was kinda funny in a weird sense...
Then one of my trading teachers (yes, you Conrad ) posted in his FB page about someone asking him why he is so bearish... and you should see his excellent answer, which I am unable to link directly.
Nontheless, below are a two main observations:
First, I noticed that only traders and adequately educated people get a high in a bearish scenario.
I wrote a week earlier about Pain, Acceptance, and Reconcilliation with Myself but the people who should be reading it didn't seem to be reading nor learning its contents. In that blogpost, it was clear that traders like to work in bearish scenarios as the volatility is increased. This means that things move faster, ie. profits (or losses) are quickly realised. There is no reason not to be able to work on the bearish side as it is as simple as turning your computer screen upside down! This point was also mentioned by Alessio Rastani when he asked people to be prepared, as he meant that anyone who wanted to learn how to be prepared, must learn how to protect themselves, how to short markets, etc.
Second, most people hate/dislike bearish people and give them names like Perma-Bear, Dr Doom, etc. This brings to mind another quotation from Mahatma Ghandi when he said that "First the ignore you, then they laugh at you, then they fight you, and then you win." While not exactly in the same league -yet -, I have personally felt in a similar situation. I can understand why people do not like bearish perspectives, and people who bear these views, despite being real and honest. Those who hold the dislike seem to carry a sense of denial, a pain of loss(es), and have never found this thing called Inner Peace. Check out another scene at the 5 mins mark from KungFu Panda 2. From the lesson by ShiFu... the power is within us, to find our inner peace, then only we can do what we are meant to do.
are you sufficiently comfortable with yourself - yet? Only then, can you find what you are looking for, otherwise you are probably chasing a mirage of what you want or where you want to be. Sadly, most of us will not reach that kind of nirvana until we learn a few somethings, and one of those things is to come to terms with ourselves... knowing ourself, loving ourself, and forgiving ourself - that's where the inner peace lies.
You will know when you are there as you would be able to be open and unbiased, almost void of emotion, and know what you need to do instantly as your own voice will guide you without ego getting in the way.
Peace be with you!
5 October 2011