Each trader is having a strategy. Market is also having a strategy. And market is documenting it. The document is called chart. Whose strategy wins in the end? Trader's strategy or market's strategy? The Pro Trader's strategy wins atlast! Because his strategy is "no strategy". He just grasps the chart and responds. He has no secret but simply responds. By simply responding he is succeeding. He visualises the chart as a one picture. He won't see the chart in bits and pieces. For him the chart is one objective picture, An objective strategy of market unlike ours.
Upgrade Language to Upgrade Profits In other words upgrade from SUBJECTIVE language to OBJECTIVE language. Indicators/Price Actions/Patterns ---> Market Events (Breakout, Support, Resistance, etc) Levels ----> Sideways market movement (a Market Event) Stoploss -----> Market driven stoploss (Repositioning stoploss whenever stoploss hits then immediately trend resumes) <--- a Market Event
Every trader's strategy is unique, why? Trader creates/borrows a strategy that suits his needs and style, right? It means traders have a subjective relationship with their strategies. Ultimately trader's Strategies are subjective, not objective. That's why traders language is subjective. By changing the subjective language to objective language traders are developing themselves into professionals.
By developing objective language traders develop objective mindset. By developing objective mindset traders develop visualisation skills. By developing visualisation skills traders develop professional skills of grasping the market trend from Eagles eye view.
Pro traders differentiate between these three... 1. Financial language (academic) 2. Trader's language (subjective) 3. Objective language (disciplined language)
The index I trade options on is usually less volatile. It is trading at 18600 points now Sideways breakout and support/resistance confirmation is one of my entry point. But if the day's volatility is less than 60 points i won't enter. These things we need to work it out of BACKTESTing and trading experience. We cannot have a standard formula for all index or stocks. But fundamental Market EVENTS are same for all. My point is get grounded in fundamentals and work on the specifics and by fundamental i mean universally accepted one, not my fundamental or yours.
This is a spam post of all your other posts in the last few days, all worthless and all from a person who cannot spell success. And you will give us the middle finger, cry bully-buster/small penis; and congratulate yourself on your superiority BUT before you remember these comments others said about you: Half baked, immature, developmentally dysfunctional child in the body of a 51-year-old man, giving sophomoric statements, he goes on my ignore list, block for me too psychobabler, your style is pontificate, make any dissent a personal attack, descend into stupidity, passive aggressive, disingenuous and condescending; not educated beyond some casual reading, understand how painfully peevish you come across with all these threads repeating the same old shtick? Stop posting these ridiculous arm chair BS pontifications: Intraday Psychology For Successs. Chain Reaction Strategy Professional Futures Intraday Strategy Strategies To Avoid Loss! Innovation By Traders Collaboration! Fundamental Market EVENTS! Hey Trader Are You Just Surviving Or Soaring High? Fundamental Market EVENTS! Futures Traders Invited to Review a Highly Disciplined Strategy Learn With The TEEN! Highly Disciplined Strategy Suitable for Options Trading
This is a spam post of all your other posts in the last few days, all worthless and all from a person who cannot spell success. And you will give us the middle finger, cry bully-buster/small penis; and congratulate yourself on your superiority BUT before you remember these comments others said about you: Half baked, immature, developmentally dysfunctional child in the body of a 51-year-old man, giving sophomoric statements, he goes on my ignore list, block for me too psychobabler, your style is pontificate, make any dissent a personal attack, descend into stupidity, passive aggressive, disingenuous and condescending; not educated beyond some casual reading, understand how painfully peevish you come across with all these threads repeating the same old shtick? Stop posting these ridiculous arm chair BS pontifications: Intraday Psychology For Successs. Chain Reaction Strategy Professional Futures Intraday Strategy Strategies To Avoid Loss! Innovation By Traders Collaboration! Fundamental Market EVENTS! Hey Trader Are You Just Surviving Or Soaring High? Fundamental Market EVENTS! Futures Traders Invited to Review a Highly Disciplined Strategy Learn With The TEEN! Highly Disciplined Strategy Suitable for Options Trading