The ability to treat each opportunity as independent keeps you in a positive ev path ( assuming edge exists ) reacting to each opportunity as a chain of events creates big drawdowns. The difference is subtle but huge.
A hard truth nobody wants to hear is that there is so much nonsense and bullshit out there and if you really want to work toward excellence at something you need to be focused and committed and consistent and nail the fundamentals and surround yourself with good people and think in years not days and exit the hot-take, alpha bro and sister slop-stream in favor of studying serious people, working with serious coaches, and reading serious books. There's never been a shortage of pseudo excellence. The real thing will always be counterculture. It presents a great opportunity for those willing to pursue it.
@eminiplayer realizing : Zones are just POTENTIAL areas of opportunity - the KEY lies in REALTIME BEHAVIOUR into ZONE and when there is LTF structure or bias or pattern with REAL TIME BEHAVIOUR thats supportive ie 1st test or exhaustion into a decent/key zone that where there is + EXPECTANCY
@eminiplayer@eminiplayer Happy Birthday Awais!!
The level of clarity and consistency you provide regardless of market conditions amazes everyday! It's the next best thing besides sitting besides an elite or head trader at a top firm.
There is no greater illusion than thinking the accomplishment of some goal will change your life. What will change your life is the person you become in the process of going for it.
Typical pattern - or rather internal dialogue - I wanna do x or y at x zone - then all day that's in ur mind - by the time market gets there you may not ask the most important question - is the setup there > IF so is it still valid under the conditions I am seeing ??
@paxtrader777@jedimarkus77@trader54798 But all those NOT'S got you exactly where you need you are and perhaps if you avoided all of that maybe the path would be completely different?
Oh shit moment for me:
The value of a real trading methodology is not that it tells you what is going to happen.
It tells you what has to happen for a trade to exist.
That distinction changes everything.
Prediction keeps you emotional.
Process gives you a standard.
@eminiplayer Awais, noticed a small typo - It should say tick holding below zero : 3. A balanced/two-sided NYSE TICK or NYSE TICK holding above Zero which is indicative of Sustained Downside Momentum.