I wanted to share some thoughts on a topic not directly related to trading. I don’t want to take credit for something I didn’t conjure up, since the late Dr. Wayne Dyer originally put the thought in my head, but it has been a persistent notion for me that I would like to share. It’s called the IFD syndrome.
Dyer described it as “the psychology of tomorrow”, and in my experience, it’s something a lot of people practice. Let’s face it, life isn’t easy, and a lot of people need something to look forward to in order to get through each day. I’ve heard it from friends all my life: about a forthcoming vacation, or a prospective promotion, or maybe a new car they’re expecting (that never seems to materialize). “I need something to look forward to.”