Last Mile Report

Hey.

Please don’t mistake this report for…

…a description of one’s last moments…

…or last-minute diaries…

…or wherever your imagination might take you.

Where exactly am I reporting from?

Imagine a surgeon. What’s his or her last mile?

The intricacy of a stitch.

A complicated, entangled tissue removal.

Oneness with patient vitals vis-à-vis current surgery on open body.

Coherence in instruction to surgical team, clarity about correct surgical instrument received, hand-eye coordination during surgical movement, whatever have you.

Businessman?

Anatomy of the deal.

Profit margin calculation.

Implementation of capital expenditure.

Rapport with staff in the field.

Liaison. Thought-process culmination. Long-term vision. Legacy.

Cut to self.

With a quasi-sealed long-term portfolio with not much activity in it happening or planned, it is trading that one takes to, for distraction.

Why distraction?

One doesn’t want to be thinking of one’s long-term portfolio…

…at all.

Instead, occupation at nitty-gritty level seems to be where the wind is blowing towards.

I must report, that I have arrived at my last mile.

We’re talking straddle tent-building to ensnare price next morning, and squaring off a trade within a few seconds with the objective of taking home a profit.

Observation of price action.

Identification of anomalies.

Setting up of multiple tents operating in tandem, forming an envelope around price.

Coming to terms with emotional overhang.

Digesting market forces as they intermingle with the nervous system.

Accepting monetary loss from time to time and trying to keep it small.

Controlling one’s emotions as profit develops, trying to let it amplify.

Dealing properly with…

…the effects of…

…isolation…

…during market hours…

…and their aftermath.

Regimen. Discipline. Challenge. Growth. Alertness. Staying sharp. In tune. Alive.

At the last mile, we stare what drives us, in the face.

Approach

Markets speak.

Can we hear them?

Do we know their language?

We are not born knowing their language.

We learn.

Their’s is not a normal language.

It keeps changing…

…till it’s similar to the past…

…and then it changes again…

…to throw us off-track.

We need to keep adapting.

Every corner could be a new one, with a new sign.

Feel the challenge?

The thrill upon attempting to decipher?

Do you feel fulfilled?

Well, if yes, then you’ve met your calling.

Congratulations.

Now sustain.

Play out your full market journey. Enjoy it. Win.

How?

Since every corner could be a new one, every corner needs to be approached with a what-if-plan.

Simultaneously, one is on the lookout for signs.

What signs?

Similarities, in patterns, psychology, chronology, feel, levels, anything.

Have you seen this before?

What happened last time?

Approach with multiple scenario what-if.

What if you haven’t seen current signs on offer?

Carve out the situation.

Create scenarios.

Build a what if for each scenario.

Approach.

Notice something?

Whether one has seen something before, or not, the approach is basically the same.

Great.

We’ll not bother with getting spooked out.

We just keep tapping the markets, armed with a play-out strategy for each unfolding scenario.

Our approach is designed such that we sustain till the end of our market journey and beyond.

We keep intact our health, family life, and our corpus.

We keep sharpening our edge, and keep attempting lucrative reward risk scenarios.

We learn to take our stop.

We learn to let runners run till logical exits appear.

We learn to establish and enjoy a life beyond markets.

Wishing all market success and happiness.

🙂