An interesting email from someone I'll call "The Banker":
Hi Jules,
Thanks for your kind words! I am glad to read on your blog the search for who you are is over.
Trading the US time zone from Singapore did pose significant struggles in my social life initially. Over time, I'm glad my family and friends gradually accepted my warped hours. I was very much a hermit. I could spend several weeks at home without stepping out of my house at all. However, I found that was unhealthy and abandoned my hermit lifestyle.
And yes, I was swing trading during the period when I was very successful. The secret to my method is, there is none! If any, it would be my firm belief that the market is bigger than any one of us. Very few can influence prices significantly, so we must adapt to the market instead of "forcing" (or hoping) the market to move according to our analysis.
A very simple analogy could be seen in, say, Formula One racing. All circuits have twists and bends. Can the driver simply step on the pedal full throttle all the time? Likewise, the market has trending and consolidation phases which demand different methods. So the trader that can exercise the greatest discipline to not trade in "unfamiliar territories" wins! Correspondingly, he'll need courage and swift action to take positions when he identifies potential moves.
Ironically, I tried teaching my trading method free to some very learned friends. None succeeded, even though I held nothing back. After this episode, I have to agree that the trading method is the least important factor to anyone's success in trading. I subsequently found so many methods actually work. The real questions are, can our emotions handle the roller coaster? Do we have enough faith in the methods to let them work? Do we have the discipline to adhere to the plans? The book by Mike Douglas "Trading in the Zone" answered all these questions the best.
I sat on this note coz I really haven't been in the mood to blog. But I like what The Banker says about not trading in "unfamiliar territories" so much that I feel compelled to share it. His note strikes a chord - in the month of Feb, I had changed the way I executed my trades, and that had cost me. It didn't help that I was also distracted by non-trading related matters. I took what was to me a rather long break to regroup. During that period, and in the weeks before, I've been receiving emails from those on my blogroll, friends who are not traders, and people I've never met or spoken with in my life (e.g. The Banker). Each has given me something to ponder on, and for that, I am very grateful....
Austin, I love all your notes. You're very long-winded, and I don't know how to respond. Just know that I'm extremely touched :-)
J (my chat buddy) left a note for me today. He was trying to cheer me up after I failed to show up. This was how he attempted to console me: by telling me how terrible a life others (from around the world) are living. Well, thank you, J, you sure made me feel terribly guilty for being melancholic for no good reason. :-P Ok, seriously, you know that I always love what you say.
Ben (you know who you are), I took your advice and didn't respond to your email. See? I listen sometimes. :-D Thank you, Ben, you're very sweet.
To all others who wrote: I don't know when I would be able to finish all the mails I was supposed to have sent out - I am really beginning to run out of things to say...
I am not attention seeking; I write because it is therapeutic for me (I don't believe in keeping a diary that's for my eyes only - it's a superstitious thing that I am not in the mood to elaborate on).
That said, the notes and letters have warmed my heart.
Here's one from weeks back that still makes me smile:
Hi Jules,
worries me when I read your latest post. Forgive me for being 'busy body'. Maybe you should check on these areas and reflect on the causes of your current state of emotions. Provide my personal assessment below each.
1) Family ( besides spouse )
Not lacking. Seems ok in this aspect becos of your frequent mention of sis and nieces.
2) Spouse
Lacking. I dont think you love ur partner from your postings. It's seems more like out of convenience and benefits.
3) Friendship
Lacking. Try to establish communication with the few closest friends u have who care about you.
4) Work satisfaction
Lacking ? I'm not sure about tis. But i guess its lacking due to the uncertainties of trading. Suggest you find something u like on a permanent basis ( part time ? ) which will not affect your trading if u really want to continue.
5) Social
Lacking. Need to make an effort to be less suspicious and accept the imperfections of others.
I briefly touch on the above since I'm not sure how you take these. Anyway, sincerely hope happy occasions come your way and the current depressive mode goes away.
My first trade after D's motivational talk last night (story for another day):
CL 15min
CL 2min
