So, what are the Joneses upto?
Or the Smiths?
You know something, who cares?
You’re trading, right?
Fine, then just mind your own business, and focus on your return.
I mean, people, let’s just go beyond poking our noses into others’ businesses.
Don’t we have our own businesses to take care of?
Isn’t that enough for us?
If not, and if we start poking around, seeing what kind of return XYZ has made, or for that matter how many winning trades ABC has pulled off, well, we are doing ourselves a great disservice.
For starters, we don’t seem to have much confidence in our own trading system, if we’re poking around like that.
You should be pulling off the winning trades, you.
And XYZ’s or ABC’s performances should have no meaning for you.
They are trading according to their system. Let them be. What’s good for them is not necessarily good for you.
You are trading according to your system. Period.
Not minding your own business can seriously affect even a successful system which has temporarily hit a string of losing trades.
Random losses in a row happen. A winning system can well yield ten losses in a row, for example. Improbable, but not impossible.
Ask a coin, which functons at 50:50. On average, you’re flipping heads and tails equally. Nevertheless, you could land heads (or tails) ten times in a row over many, many coin-flips. Part of the game. Accept it.
Since you have a system, you’re functioning well beyond 50:50, right?
Thus, chances of a large number of losses in a row are even lesser for you.
Tweak at your system if you feel it’s lost its market-edge.
To remind you, an edge starts occurring when one functions beyond 50:50.
After a while, one gets bored, and tells oneself, that from now on, one wants to function at 55:45 and beyond (for example), come what may.
One then tweaks at one’s system, and raises the bar.
Tweak at your system if you feel the urgent need to raise the bar.
Keep raising the bar to your comfort level.
Leave other people alone. Don’t bother with their systems. Focus on your own trading.
Be the cat that survives curiosity.