Monday, October 30, 2006

Impaled

Here’s the best definition of the inner world of a trader that I’ve ever seen …

Traders are impaled on the three points of a psychic triangle.

This phrase describes perfectly the trader’s constantly changing inner state as he weighs the imperative existing at each triangle point: Which currency should I trade? How much should I risk? And, when should I enter/exit?

Certainly traders have different emotional make-ups, and while each individual handles these insistent questions in his own way, the image of a dynamic triangle in continuous straining flux is one hell of a metaphor for the emotional and decision-making balancing act that every trader must sustain during the trading day.

The image is artful in its accuracy and evokes a higher heart rate just in imagining it.

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