When do you know that you’ve detached?

We’ve been targeting detachment.

As in, being in the markets and simultaneously unperturbed.

We’ve said it’s very possible and within our reach.

How do we know we’re there?

You’ve felt market-forces, right? Of course. If you’re in a market, you feel it’s force.

You’ve detached when this force doesn’t bog you down. It’s as simple as that.

Or is it?

Many spend their lives in the markets and fail to even define the existence of market-forces, let alone deal with them.

You are different.

You’ll not only deal with these forces, but you’ll control their effect on yourself too.

Yes, you’ll have to call the shots. It’s you, or the market takes over.

First-up, you are only letting in very little. Yes, you are only connecting to the market upon market action. Period.

No market action? No connection. You are now doing other stuff, till there is new market action. Your mind is also thinking other stuff, not market-stuff. For body and mind to remain aloof, quantum of money involved in the market needs to be below a threshold. It needs to be at chip-change level enough to not make you think twice about what’s going to happen to you, if you were to lose this money. Nothing’s going to happen to you. The potential loss would be so minuscule, that it won’t move even a whisker of yours. Be at that level, and not thinking about the markets at will is going to be a breeze.

Of course you’ll ask how you’re supposed to tame a beast if most of the time you’re disconnected to it.

You see, that’s the whole thing. 

You don’t let the beast get to you. 

You get to it. 

Upon requirement. 

What is requirement?

Analysis?

Not necessarily.

Doing analysis, you’re connected to your analysis. You’re in your Zone. You’re relaxed. There’s no live-feed (mostly). You’re analyzing end of the day data. There’s no tension. The past is sprawled before you. You conjure up strategies for the future. It’s fun. 

Connection comes when you go live. That’s when the market hits you with its full force. 

You let the force bounce off you, do your work, and then switch off the live-feed.

Zak Zak Zak, to borrow a phrase for swiftness from Germany.

How so fast?

You’ve planned your market action before going live. Once you go live, you can’t avoid seeing stuff you don’t want to. However, you focus on the correct clicks and logout upon job done. Then you forget what you didn’t want to see. 

The main indices remain with you. It’s hard to forget them. It’s ok. There will be remnant force. You’ll learn to carry it without being affected by it. Start by resisting the urge to look up the index level at a random time of the day. Save it for live connection. 

At times, you’ll need live connection for analysis. That’s that. Deal with it. 

Once you’re done with the market for the day, … , are you done? Or do you get back to it despite being done?

If you do, you’ve not detached. 

If you don’t, well congratulations, you have. Now you can go about enjoying your non-market life too!…….

🙂

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Markets & Detachment – Possible?

We’re pushing limits here.

Making the improbable possible – doesn’t that give you a kick?

Am I even qualified to talk about detachment in the markets?

Well, I can at least tell you how I’m approaching the subject.

Hmmmm – where to begin, let’s see…

Let’s start at the nascent stage where a pang of attachment causes you to worry.

You sit up.

What’ll happen to my stock?

What if there’s a huge crash overnight?

What if I get wiped out?

What will my wife think of me?

Will I become the laughing stock of the Universe?

It’s ok.

Worry.

Burn your heart out worrying.

One needs to feel the pain of the disease to want to weed it out comprehensively.

Worrying and burning your heart out is not the only thing you are doing, though.

You are simultaneously making a list of all the questions that are cropping up courtesy your burning heart.

Yes, yes, make the list. Cast aside the silliness of the questions. No matter how silly a question is, include it in the list if it has cropped up even once. Get on with it.

There then comes a time where you can confidently say, that yes, my list of questions is pretty much complete. No new question seems to be asking itself.

Wonderful.

Now go about creating the circumstances for each question to not crop up.

Meaning that you have undergone actions that are now enabling you to answer each question with “this will not happen because I have created such infrastructures that exactly this will not happen”.

How are you addressing those question for which you can’t create such infrastructures, like an imminent market-crash, or what your spouse might think of you?

To address these particular questions, you create circumstances that cause you to be least affected in the event of the appearance of such questions.

For example, to be mostly insulated from the effects of crashes, buy with margin of safety. Or, set stops. Or, don’t buy. Short. Hedge. Do what suits you, but do it.

Regarding spouse, he or she will think what she thinks. You can’t change that. You just need to have a clear conscience. Commit those actions that give you the clear conscience. Hahahahahaha! 🙂

Right.

There then comes a time, where all queries have been comprehensively addressed. They stop cropping up.

Next, you need to stop committing those actions that can act as catalysts for a query to pop up.

Only look at the market when you have to. Don’t, otherwise. Try only looking at the underlying. Broader markets – well, poisonous, keep these at a minimum. Try and bring down your market action to once a day. Limit the action to the minimal time possible.

Weed out any kind of market conversation with other individuals. There’s no need. There’s you, there’s the market, there’s your system. That’s all you need.

Keep brokers and middle-men at a manageable level. Preferably at zero, and maximally at lower single digits. Only do business with them, no loose-talk, no exchange of tips. Tips are another big poison.

Find your own investments or trades. Resources are phenomenal today. You have everything at your beck and call with a computer and an internet connection.

Shut off business TV. More than a glance at the business page of the newspaper is unnecessary. Business magazines? Forget it. Every piece of info is accessible pinpointedly on the net. You wish to enter into an investment at the nascent stage, right? By the time the story gets published, smart money is already in, and there’s already been a run-up. Your margin of safety is gone.

Finally, take a look at yourself now.

Your results are improving drastically…

…and you’ve detached in the markets…!