{"id":206,"date":"2021-01-19T10:13:53","date_gmt":"2021-01-19T04:43:53","guid":{"rendered":"http:\/\/blog.jarvisinvest.com\/?p=206"},"modified":"2024-06-06T16:04:43","modified_gmt":"2024-06-06T10:34:43","slug":"control-your-trading-not-the-market","status":"publish","type":"post","link":"https:\/\/jarvisinvest.com\/jarvis-library\/control-your-trading-not-the-market\/","title":{"rendered":"Control your AI trading, not the market"},"content":{"rendered":"\n

Every time when a conversation or discussion about ai trading stock market is summarized the questions of buying and selling still becomes the secondary aspect. One the prime motto is tied to the \u2018Investment Psychology\u2019, and only then \u2018Risk Management\u2019 follows.<\/p>\n\n\n\n

It may seem a bit illogical at first, but to truly be in control of your trading and your trading mindset, one must first learn to lose the need to time the market. Traders often try to control the market and they aren\u2019t even aware they are doing it.<\/p>\n\n\n\n

 So, if you are trying to, not only are you probably paralysing money, you\u2019re probably extremely frustrated and desperate in regards to your trading. <\/p>\n\n\n\n

Therefore, is such a case it would be wise enough to focus our energies on the aspects that can be controlled. Participating is market is like standing on the battlefield. You may have all the latest updated equipment\u2019s, weapons and you may the master of strategies and martial arts, but ultimately there are aspects about your opponent you can never control. <\/p>\n\n\n\n

As traders, we \u2018fight\u2019 on a financial battlefield with many different opponents, and the best chance we have at success is preparing a good attack-plan, preparing a good defence, and having contingencies in place. <\/p>\n\n\n\n

We do our best to prepare and navigate the market\u2019s battleground, but we cannot control everything, we can only control ourselves, what we do and don\u2019t do, and how we handle each circumstance and situation.<\/p>\n\n\n\n

Self -discipline is the distinguishing factor for a trader\u2019s success. By working on ourselves, we can learn, adapt and evolve, but first we need to let go of the older version, and accept the fact on with what we can\u2019t control. <\/p>\n\n\n\n

For most traders, fall in an endless loop of self-inflected misery, frustration, sleepless nights until they realize this same truth. For some it takes as long as a decade to get liberated from this loop, it\u2019s totally gut wrenching!<\/p>\n\n\n\n

Where am I considering the holistic market?<\/strong><\/p>\n\n\n\n

There are millions unthinkable variables affecting a market directly or indirectly at any very moment. From crude to dollar to coronavirus and its vaccine news releases, economic activities to all the different traders and their opinions and feelings on the market, there is just no way any human could possibly \u201ccontrol\u201d or even collect and comprehend that amount of data. <\/p>\n\n\n\n

The only way we have to truly make sense of it is to learn to diligently analyse the price action or take help the highly intuitive AI specially prepared for this purpose \u2018Jarvis<\/a>\u2019.<\/p>\n\n\n\n

You need to realize that you are simply a single participant in an enormous milky way of competitors \/ enemies on the \u2018battlefield\u2019\u2026all of whom are trying to take home the prize (i.e. money) from the market. The market, as well as the other competitors in it, cannot be controlled, they don\u2019t know you, they don\u2019t care about you and it\u2019s futile to try and control it \/ them.<\/p>\n\n\n\n

Our one single goal and mission is to successfully execute our plan and execute our trading edge with as much discipline as possible with risk management<\/a> in the process.<\/p>\n\n\n\n

Remember: If you think this is too much for you. Jarvis<\/a> can handle everything on your behalf, you just have to connect with us for further information.<\/p>\n\n\n\n

Upgrade to a better version<\/strong><\/p>\n\n\n\n

If you want to avoid this naturally temptation of trying to control the market, you need to become a \u201ctrade planner\u201d and not just a \u201ctrader\u201d.<\/p>\n\n\n\n

If you\u2019re losing money overall repeatedly, it\u2019s likely because you\u2019re trying to control the market. Traders who are profitable are definitely only in control of themselves and have long ago given up trying to control the market.<\/p>\n\n\n\n

Next, you have to make some type of plan when you\u2019re not good with charts and not in a live trade. This is so that you have a routine and a plan that you will follow which will remind you to stay disciplined and in control of yourself. <\/p>\n\n\n\n

Every trader needs to do this at least in the beginning or if they are losing a lot, because the market is like an untamed wilderness of constant temptation that will lull you to sleep and steal all your money if you aren\u2019t paying attention.<\/p>\n\n\n\n

And hence, \u201cIf you Fail to Plan you are actually Planning to Fail\u201d.<\/p>\n\n\n\n

4 Prime things well under control:<\/strong><\/p>\n\n\n\n

    \n
  1. Entry and Exit<\/li>\n\n\n\n
  2. Risk Management<\/li>\n\n\n\n
  3. State of Mind<\/li>\n\n\n\n
  4. Business Plan<\/li>\n<\/ol>\n\n\n\n

    When and How will I know that I have mastered the art of self-control?<\/strong><\/p>\n\n\n\n

    The next point might be surprising but trust me it\u2019s the easiest and quickest way of understanding. <\/p>\n\n\n\n

    Achieving self-control is to simply to set and forget your trades! It\u2019s simple in theory, but in practice, it can prove quite difficult because it truly is the definition of self-discipline and self-control. <\/p>\n\n\n\n

    Can you set a trade up and then close your computer and walk away for a week? <\/strong><\/p>\n\n\n\n

    If you can, you\u2019re probably going to succeed long-term, if you can\u2019t, then I\u2019d bet money you won\u2019t succeed. Try it for a few trades and see how it goes.<\/p>\n\n\n\n

    When we talk about \u201ccontrolling yourself vs controlling market\u201d we are really getting into the core issue of why only 1% of traders are successful. This is an ideal platform to ultimately test of one\u2019s ability to follow a plan and ignore temptation. Well, according to me it\u2019s a level above because there\u2019s no boss and no one to stay accountable for. <\/p>\n\n\n\n

    In other words, all boils down to is You vs. You, so you have to decide which version of you will win? <\/p>\n\n\n\n

    The out-of-control animalistic version who cares only about temporary illusions of being in control or the calm and collected version that cares only about the long-term outcome and playing the \u201cgame\u201d in such a way that ensures that outcome is positive? <\/p>\n\n\n\n

    You have to figure this out sooner rather than later because you certainly don\u2019t want to just bleed money into the market over and over. <\/p>\n\n\n\n

    Just keep one thing engraved in your mind that the more you focus on yourself and on controlling yourself, the more you will see your trading performance improve.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Every time when a conversation or discussion about ai trading stock market is summarized the questions of buying and selling still becomes the secondary aspect. One the prime motto is tied to the \u2018Investment Psychology\u2019, and only then \u2018Risk Management\u2019 follows. It may seem a bit illogical at first, but to truly be in control […]<\/p>\n","protected":false},"author":3,"featured_media":1978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"7","single_blog_custom":"","parallax":"1","fullscreen":"0","layout":"no-sidebar-narrow","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"float","share_float_style":"share-normal","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"0","show_popup_post":"1","number_popup_post":"1","show_author_box":"1","show_post_related":"1","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[33,30],"tags":[363,307,407,298,408,310,309,301],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-content\/uploads\/2021\/01\/Control-your-trading.jpg","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/posts\/206"}],"collection":[{"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/comments?post=206"}],"version-history":[{"count":2,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/posts\/206\/revisions"}],"predecessor-version":[{"id":4033,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/posts\/206\/revisions\/4033"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/media\/1978"}],"wp:attachment":[{"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/media?parent=206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/categories?post=206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jarvisinvest.com\/jarvis-library\/wp-json\/wp\/v2\/tags?post=206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}