@PradeepBonde Trying to hold the baseball analogy on my own intraday process:
1R single
2R double
3R triple
4R HR
Win rate = batting avg
Avg R per win = slugging
Trading for line drives and solid contact.
Everything that an aspiring trader does should be to eventually accumulate enough knowledge and skill to shift their entire process internal. Trading is imperfect no matter the level of success. Once you accept this and allow your existing knowledge to generate the inputs and outputs your understanding and learning actually increases, since it was a closed feedback loop entirely self generated. Applying someone else’s learning only goes so far in an imperfect pursuit where the variables are constantly evolving.
Sometimes perfection is accepting the best version of imperfect the world has ever known.
America can always improve but the ideals it was founded on are perfect. It is up to all of us to ensure the lives of the generations that follow are shaped by the same ideals that have made America the greatest country ever.
Happy 4th to all my fellow Americans!
🇺🇸 🇺🇸 🇺🇸
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.