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Friday, 22 November 2013

Mea Culpa (Yes, it's the freaking Mind part again!)

Mea culpa is a Latin phrase that translates into English as "through my fault". It is repeated three times in the prayer of confession at the Catholic Mass: mea culpa, mea culpa, mea maxima culpa — "through my fault, through my fault, through my most grievous fault".

No, it's not me proselytising.

It's a nice phrase. The modern equivalent I guess would be - "my bad".

By the way, when was the last time you admitted you were responsible?

I guess as much...

It's so much easier to blame the alignment of the stars, the weather, your parents, big daddy, management, and of course your crazy dog that ate your homework!

And if you have not made any mistakes recently, it's probably you have not done anything new or gone outside of your comfort zone. You know - do less; make less mistake?

Even if we have made a mistake, we wouldn't have profited from that experience if we did not admit it's mea culpa. Just pause for a moment and review your life's story.


Now take a look at your trading journal or investing diary. 

Since it's the Mind part of 3 Ms, you have to do this on your own.

Well, don't you want to have an edge over other investors/traders?

 

 

 

11 comments:

  1. Not everyone has something written down for reviews. It is all in my head! :-)

    ReplyDelete
    Replies
    1. CW,

      Then they are "immortal"! More advanced level than us!

      I've no goals and don't like benchmarking. But I've still has the need to keep records of my trades and positions...

      OK, maybe its because my mind is pentium 4 chip with 512kb of memory only... Very slow and limited capacity... LOL!

      Why commit to memory when you can just refer to as needed?

      Delete
  2. If others can see the mistake you made and you cannot, then you are still in your "blind side" lol. Until you can walk out of that side no one really can help.
    Just like looking at a picture that can represent more then one thing, you can only see what you can see

    ReplyDelete
    Replies
    1. Indeed.

      That's why whether it's a gambling addiction, alcohol abuse, or anger management issue, they always start with you admitting there's a problem.

      If there's no problem, what's there to solve?

      Delete
    2. wow temperament, "high view"!!

      Delete
    3. solving problems is like trying to quit or cutting down eating, the more you solved, the more the problems pops out.

      Delete
    4. we had becomes expert in problem solving, like an addiction. hey, why are we still so many problem to solve?

      if there are no problem to solve, we lost our purpose in life.

      Delete
    5. coconut,

      It's because we don't learn from the mistakes of OTHERS.

      We only feel pain when ours fingers get burned.

      Recovery starts when we have reached our own "yellow river" point.

      Delete
    6. i first learn about this group when i listen to this song in the 70s, i was only a tennager,

      http://www.youtube.com/watch?v=wrEggYMu-1s

      i love it, i still have the record, it has all the element of the late beatles songs, but it did nothing on the chart! (becos they are not the beatles?) oh come on, just listen to the song will you.

      what the hell?

      Delete
    7. coconut,

      Thanks for introducing this song!

      I've never heard of it till now... Interesting lyrics!

      Carry on, carry on, carry on... ;)

      Delete
    8. never? wow i still have all their early years records. this one in 45rpm format.

      i remember i still have to write the lyrics while try to listen to the song, you can't find lyrics in those days you know.

      these guys wrote their songs and all very much pessimistic, so as their lives, nontheless great song.

      Delete

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