Such an interesting ongoing debate about traders turned content creators and everything in between.
I think most people agree trading is a performance endeavor. It follows that traders may have coaches or teachers to help facilitate their success. Like other performance fields. It all falls into that category in my mind.
@NickSchmidt Eventually the strength of the grip of what might have been is replaced by what can happen next.
Especially on the heels of such a successful trade. Must’ve felt great to put that on the books and reset.
@EndWokeness Born in Uganda. Raised with a superior Muslim theocratic governance goal. Recently became a citizen. Lecturing Americans on who we are.
Unfortunately, our country has gone off the rails in allowing this type of mockery to take place.
There is a subtle yet powerful distinction between trading your PnL and having the freedom to trade for PnL.
It’s a razor’s edge, but they’re different. One leads to decisions being based on the previous result, while the other comes from a freedom to focus on decision making.
@DoubleWideCap There are def offsides buyers and we’re at PWH, but aren’t we going to get more excess before I smash the short button!?!? All of us watching with short bias.
Intraday trading is an incubator of compounding if you can stay narrowly focused, have a coherent plan on a daily basis and reach some flow state. The cognitive load and psychological demand of performing that analysis and making those decisions on a daily basis is extreme. But if you can sustain the analysis and execution, you give yourself a chance at doing something special.
The opportunities are endless. They’re actually relentless. They’re the most reliable part of this whole game.
Our goal is to slow it down, maintain perspective, process info in real time well, have an idea the type of price movement you want to exploit, be selective, exercise self-control, and then process all of it into a review and prep feedback loop designed to compound the traders performance and capability.
This is the beauty of the meritocratic nature of trading. Few pursuits tie autonomy and the connection between effort and reward as tightly as trading.