Every small decision shapes the life you want:
- Choose actions that reflect your values.
- Guard your time; not everything needs a yes.
- Invest in people who make your days lighter, not heavier.
When you are trading well, that's the time when you should be very hard on yourself- develop a plan to fix the holes in your trading.
When you are struggling, that's the time to show yourself some grace.
Luck has surface area.
The more you try, speak, build, share, prep, review, think, work... the larger the surface luck has to collide with.
Most people don’t succeed because they bat 100%.
They succeed because they take thousands of swings instead of dozens.
Then add the dedication to show up each day and work on prep and review... showing up every day long enough to improve the batting average/odds.
Luck isn’t static.
It compounds around action, repetition, and grit.
The so called market wizards almost all, 95%+ blew up, with multiple years of trial and error before they got lucky.
In that sense, compounding is the universe’s way of scaling luck.
Liftoff takes the most, enormous energy.
Escaping gravity takes continuous focused energy.
But once trajectory and escape velocity are achieved, compounding does much of the heavy lifting with risk systems in place.
The hardest part is surviving long enough to reach that phase. The light at the end of the tunnel, small and dim but there yet.
When emotional attachment increases, perception narrows.
Attachment leads to confirmation bias = overemphasizing existing beliefs & ignoring or minimizing new info.
You stop trading what’s actually happening & start trading your own Inner Market and your need to be right.
@JohnManNotSuper@maddenifico Fair point, John. So, counter with the positive outcomes that are the direct result of this administration's actions that offset the observable facts that Bill pointed out.
I'll wait.
Rule of thumb:
For headline-driven markets, you want to focus more on shorter timeframes and take LESS overnight risk.
Randomness of next headline + large ranges => more favorable for move-to-move trading.