The Key of "IC" in the ‘”DOFPIC” Mantra of Trading

The DOFPIC mantra of trading will make one successful in any form of deal-making—but especially trading. Most people know that successful trading requires discipline and other virtues such as patience but where does most of their knowledge or empowerment come from? Most of the time people find value and build virtue from outside sources as opposed from within. This is because most of the concentration or focus is centered on the logic of the trade or the quantitative side of things. "DOFPIC" is not meant to disregard that but rather balance that and also recognizing that knowledge of the truth or virtue is not necessarily what is the main thing. The main thing is that virtue is not affected by knowledge. In other words knowing this won’t necessarily change your virtue but will very much enrich your understanding of trading discipline and maintaining consistency in managing success. Do you know why? It doesn’t matter. That’s because the article is about the "IC" part of "DOFPIC". Assuming that you know about control in trading you know that the idea is not necessarily to prove a scientific fact or truth but rather to explore further to become a more sophisticated trader or business person. "DOFPIC" is a mantra that will help a trader remember and implement control and manage their trading as well as balance emotions with quantitative goals.

The key of IC in DOFPIC is impacted either externally or internally, either from outside sources or from within. The “I” and the “C” stand for independence and confidence. If you are truly independent then the confidence will come from within, this renews a cycle of the DOFPIC method, there’s a reason that DOFPIC begins with "DOFP" and ends with "IC". The whole process of this trading mentality and separating the logic from the virtue is part of human behavior that’s why "DOFPIC" becomes a mantra. You can repeat it to yourself even if you don’t know what it means; remember, knowledge is not going to affect your powerful virtue. Yet the world of trading is filtered by knowledge and information, that’s why the key of "IC" is to remain independent and if not you’ll know so and be able to find a source of power. After all, the beginning of power is recognition of its source.