A Diet for Traders, 03/30/08
There is one, and only one, Fundamental Principle of Weight Gain:
Weight gain = Calories in - Calories outBeyond that there is only nuance.
Weight gain = Calories in - Calories outIf you take in more calories than you take out, you will gain weight.
If you take out more calories than you take in and you lose weight.
Calories in = EatingHealthy and unhealthy don't matter to the Fundamental Principle of Weight Gain
Calories in = EatingYou burn calories by exercising.
Calories out = ExercisingGym, yardwork, housework, long walks - it doesn't matter:
Calories out = ExercisingWhat you need to know next is this:
It's okay to be hungry.The key to Sometimes is when.
It's okay to let yourself be hungry.
You have to make a conscious decision to let yourself be hungry. Sometimes.
You have to know you're going to be hungry in advance so you don't 'fix' your hunger.
It's okay to be hungry. Sometimes.
The Fundamental Principle of Hunger
On the days when you aren't exercising, there's a need to be hungry.
If you are_not_ going to the gym today, you need to let yourself get hungry.
If you _are_ going to the gym today, you do not need to let yourself get hungry.
Your need to be hungry is planned when you plan your day.
It is not spontaneous.
You achieve your weight goals by combining the Fundamental Principles:
Weight gain = Calories in + Calories outThe rest is nuance, you can make it as complicated as you like.
If I'm not going to the gym today, I need to let myself get hungry.
A trader achieves P&L goals by combining a very similar set of Fundamental Principles:P&L Gain = Wins + LossesAs a matter of fact, The Axiom of the Small Edge may require that to be profitable you don't trade when you don't have an edge.
It's okay to go hungry, to not trade, when you and/or your systems don't have an edge