Time to Move ON Up

The Blame Game …

Hello Traders,

Today’s post is entitled,” The Blame Game.”  Whenever, I use to have a bad trading day I used to blame anyone around for this trading day.  As I have grown over the year’s as a trader, I have learned one very important component to trading – stop blaming others for your trading losses.

Even though, I know all the things to do and not to do, I still fall into this trap occasionally.  I pray very hard for the strength to stay out of it, but still I fall into it every so often.  I believe I will beat it at some point in my trading career, and then I will no longer worry about that overall component to my trading.

I have evolved over the year’s as a trader.  I am a person who needs a disciplined trading method to follow otherwise I do dumb things and lock myself out of my trading account.

Today, was an example of one of those days.  I didn’t follow my trading rules, and the market made me pay for not doing it.  I know this trading method on one contract should be going for a 2P target, but I allowed myself to dream today about reaching my next profit target with a BIG move.

In the back of my head, I have the people in my life who have been negative to me and continue to be negative to me … they are a part of my family.  Thank God, not my wife and kids.

I have spent a majority of my adult life seeking other people’s approval.  First, my Dad when he was living, then my Mom and my Brother’s.  What I found out is I came from a messed up childhood.  I don’t want to get into the details of my life, but suffice it to say it wasn’t all that pleasant to grow up under my Dad’s roof.

So this brings me to “The Blame Game“, by allowing myself to seek the approval of others, I also open the door to the negative vibes, email, phone conversations, etc., of this abusive former life.  I find myself at the mercy of my childhood looking to prove to someone I can do it.

Yes, I can do it, but it is not because of someone else.  I allow the negative into my life, and presto I find myself making all the trading errors that I know are wrong.  I see myself as a person from the outside looking in wondering why I can’t stop hitting the button to get into the market.

Am I no more than a gambler?  This is what I have fought my whole life.  My occupation is nothing more than gambling.  First I had to deal with the Biblical component, today I have to deal with people close to me telling me I should seek help and counseling.

Why is that the creative people and the dreamers of the world receive such a hard time?  Don’t other people realize we march to the beat of a different drummer?  Can’t they understand in their simple minds our dreams are what motivates us to greatness?

So here, I sit after trading today down 103 ticks on 15 trades overall, which equals a trading loss of $1,120 with commissions today.  Here is the biggest problem of my trading strategy … if I don’t follow it … then I am no better than the gambler they claim me to be …

I had no business in 12 of the trades I took today, maybe 11 of them.  I can look back at my overall recording of my trading day and see places where I could have been a little ahead on the trading day and went for the next day.

But I stubbornly allowed myself to stay in a market to prove a point that I can trade to my blood family.  How many times do I have to hit my head against the wall to figure out that it hurts?  Obviously, one more time.

How many more times am I going to read how bad a person I am and allow this negative to creep into my mind making me do things I know is wrong.

Will I ever achieve success as a trader?  Or I am simply a gambler they claim me to be … with today as the only day to look over THEY get to say look at this … this is the day that I told you about …

Not look at all the other trading days that I made money … my Dad would always treat me like that … he would remind me over and over about the one company he lost money on while the others I would tell him about made him money.  He was so focused in on every negative I grew up believing I am a no good for nothing person.

What a shame to treat your children this way.  I made it my mission to stop this emotional violence in my family.  Perhaps, this is why I got married later in life so I would appreciate having children and a wife and treat them with the RESPECT they deserve.

To tell them how good of a job they are doing.  To give them hugs.  To tell them I love them, and to let them know I would do anything in my power for them.

STOP THE CYCLE of ABUSE and BLAME in your life.  Stop blaming everyone else for your own problems.  The finger should point back to you if you are allowing it to control the way you operate in the world.

Pick up a good self-development book like one from Jim Rohn, My Philosophy for Successful Living, or get an audio, or a video that is positive and motivating.  STOP BLAMING YOURSELF for everything that goes wrong, but don’t blame anyone else either!

You have to break the cycle of abuse and blame to be a success in trading.  There is no other way I know … if you don’t follow your trading plan, then you will have no money to trade.

Or as W.D. Gann said, if you don’t mind your change, then you will have no change to mind!

Remember, even though some people are close to you and may say they don’t want to see you suffer, this is really not the case.  They at their heart do want to see you having it worse than they do.  This cruel way of looking at it makes them feel better about their own lives.  This is the kind of crap I have to deal with on a daily basis.  If I allow it to creep into my being, then I allow them to win.  By allowing them into my head, only BAD things come.

You have to rise above the pettiness and all the negative and allow yourself to truly be free.  I am still working on being FREE myself, but I am so much more closer today, than I was ten years ago.

“Then you will know the TRUTH, and the TRUTH will set you FREE!” – John 8:32, NIV

Stop BLAMING OTHERS for your own trading losses.  Place the BLAME where it belongs on you.  STOP LISTENING TO THE NEGATIVE PEOPLE IN YOUR LIFE AND PLAN YOUR TRADE and Then TRADE YOUR PLAN!

 I had no business in most of my trades today!

Good Trading,

David ‘Tiger’ Knight

P.S.  With today’s trading loss this moves me back to the 1st STAB in my trading account.  In other words my new trading account target is back to $3,750.00.

About The Author

David M. Knight

I am a 30 Year Futures and Commodities Trading Veteran. In addition, I enjoy games of skill and chance like: poker, craps, blackjack and roulette. During my professional career, I have developed and implemented successful trading strategies and methods; along with winning systems in games of skill and chance. Join with me on our mutual journey together.

  • […] The next conclusion concerning trading over a lifetime; you have to be able to survive and thrive through turmoil. […]