We've recently been discussing using a simple decision matrix to journal your trades. All the talk of the Matrix lead Jungian to write the following and I wanted to share :) There is also a bit of a "mini-battle" going on between me and Cunparis (also a member of BMT) on my advice thread, the mini-battle is about indicators being good vs. evil, which is semi-relevant to understanding where this is coming from :)
The Market by Jungian
with apologies to Andy Wachowski & Larry Wachowski
Jungian: 'Cause I don't like the idea that I'm not in control of my trading.
Bacon: I know exactly what you mean. Let me tell you why you're here. You're here because you know something. What you know, you can't explain. But you feel it. You felt it your entire life. That there's something wrong with the Market. You don't know what it is, but it's there. Like a splinter in your mind -- driving you mad. It is this feeling that has brought you to me. Do you know what I'm talking about?
Jungian: The Market?
Bacon: Do you want to know what it is?
(Jungian nods his head.)
Bacon: The Market is everywhere, it is all around us. Even now, in this very room. You can see it when you look out your charts, or when you turn on your indicators. You can feel it when you go to work, or when go to church or when you pay your taxes. It is the world that has been pulled over your eyes to blind you from the truth.
Jungian: What truth?
Bacon: That you are a slave to indicators Jungian. Like everyone else, you were born into bondage, born inside a prison that you cannot smell, taste, or touch. A prison for your trading. (long pause, sighs) Unfortunately, no one can be told what theMarket is. You have to see it for yourself. This is your last chance. After this, there is no turning back.
(In his left hand, Bacon shows a blue pill, the pill of indicators.)
Bacon: You take the blue pill and the story ends. You wake up out your bed and believe whatever indicators you want to believe. (a red pill is shown in his other hand)
You take the red pill and you stay in the Market and I show you how deep the rabbit-hole goes. (Long pause; Jungian begins to reach for the red pill) Remember -- all I am offering is the truth, nothing more.
(Jungian takes the red pill and swallows it with a glass of water)
You can find examples of the decision matrix's being shared on the price action thread.
Have a good weekend!