Sarah, I always like how your solutions involve pausing and intentionally changing our behaviors. We allow the market to be as it is. As Jim Rohn said: If you will change, everything will change for you.
Thank you so much William, most of the plans and methods we try to apply only have an effect under a still and calm mind, pausing is so important. Love that quote, it shows that all we can control is our perspective. Cheers
Hey Sara this is a topic very relevant to our generation. I don’t think there’s ever been a time in history where people’s psychology and brain chemistry has been exploited so much by media and businesses with an agenda of their own. This reminds me of the live class where the poker player guy (sorry forgot his name) mentioned how the anticipation of reward produces dopamine. Not just the reward itself. Yes the gambling business leverages this. That exercise is a good idea I’m gonna practice that. Visualizing a loss happening and moderating the reaction.
I enjoyed the video it was nice to hear you talk about your approach! How life is outside of trading is definitely important. You’re a better trader than me, and I feel weird giving you tips, but when you talked about maximizing winners on higher timeframes, it got me thinking of what Jim Dalton said. If anyone doesn’t know, he popularized the market profile, and he shared a technique akin to taking the price range of a balance area from low to high, multiplying it by three, and using that as a take profit during periods of imbalance/trend. In the times I backtested it, it caught the bulk of movements well before they consolidated again. Doing this with the higher timeframe balance areas that the higher timeframe trends come from might help with optimizing the sizing/timing of partials
Sarah, I always like how your solutions involve pausing and intentionally changing our behaviors. We allow the market to be as it is. As Jim Rohn said: If you will change, everything will change for you.
Thank you so much William, most of the plans and methods we try to apply only have an effect under a still and calm mind, pausing is so important. Love that quote, it shows that all we can control is our perspective. Cheers
Hey Sara this is a topic very relevant to our generation. I don’t think there’s ever been a time in history where people’s psychology and brain chemistry has been exploited so much by media and businesses with an agenda of their own. This reminds me of the live class where the poker player guy (sorry forgot his name) mentioned how the anticipation of reward produces dopamine. Not just the reward itself. Yes the gambling business leverages this. That exercise is a good idea I’m gonna practice that. Visualizing a loss happening and moderating the reaction.
I enjoyed the video it was nice to hear you talk about your approach! How life is outside of trading is definitely important. You’re a better trader than me, and I feel weird giving you tips, but when you talked about maximizing winners on higher timeframes, it got me thinking of what Jim Dalton said. If anyone doesn’t know, he popularized the market profile, and he shared a technique akin to taking the price range of a balance area from low to high, multiplying it by three, and using that as a take profit during periods of imbalance/trend. In the times I backtested it, it caught the bulk of movements well before they consolidated again. Doing this with the higher timeframe balance areas that the higher timeframe trends come from might help with optimizing the sizing/timing of partials
Awesome Alessandro, now you know you can read these every Thursday ;)