Holding The Line

Getting set is not…

…the cat’s whiskers.

Holding the line…

…is.

Why?

It’s really (damn) tough to…

…hold the line.

Everyone and everything is trying to knock you off your line.

Firstly, there’s you.

You just can’t hold it, can you?

A green light will not become greener.

You strive for even more perfection, till you bungle your system.

Don’t OCD.

Develop a normal relationship between your system and yourself.

You’ve allocated. Now don’t look left or right.

And don’t speak about your efforts. Especially, don’t speak about your fund-allocation or your fund reserve.

Once your fund reserve is common knowledge, everyone eyes it, and is vying and conspiring for a loan till you melt.

Please don’t melt.

You’ve allocated for your long term strategy and your emergency fund. You are not to give it away. Period.

Nobody gives any hoots about how hard you’ve worked, or how you’ve saved all your life to have enough towards the implementation of your system, or, for that matter, about how many hits and beatings you’ve taken while developing your market-edge. Simultaneously, apart from not giving jack about you, all and their aunties eye your funds that you’ve allocated, and even those that you have implemented. They want it all, for themselves. You need it all for your system to function properly, for the long-term. Who will win?

You. Please. YOU.

Then, there are knocks. Genuine knocks. Life is about these. At these times you dig into emergency, not mainline. This is the reason for building up and sealing off emergency funds before implementation of your system.

It’s possible that knocks are many, and emergency funds go down to zero. You have no choice but to deplete your mainline. Now, come down with your position-size. Please remember that position-size is a directly proportional function of funds in play.

Finally, please improvise. Nature has provided you with a brain. Please use it. Make sure, at any cost, that you continue to…

…hold the line.

Limits will keep you Safe

Safety is under-rated.

People scoff… at safety.

Ask someone to belt-up.

Or, ask xyz to take a backup.

Emergency fund, anyone?

Insurance?

Plan B?

Is anyone really interested?

Ok, don’t have a plan B. Fine.

Then, you need to watch your plan A like a hawk.

You need to install safety nets.

One such net is a limit.

Limit movement of funds.

Nowadays, this takes but a few online clicks. Setting fund-movement limits in your netbanking is not difficult at all.

What does a limit do?

It says ballyhoo to your emotions.

Greedy?

Too bad, fellow, funds more than your defined limits can’t leave your savings account, in case you wished these to depart for your trading account.

So, greed is in check. With force. Order of the day.

Limits will keep you safe.

Over-optimistic?

Same check.

Limits will keep you safe.

So on and so forth.

A little self-control is required though.

You’re not going to tamper with your limit, right?

Right.