Nice recording. I used to have a similar recording too. I recorded tons of emotional stuff too. After some time, you will realize trading is more of an art rather than a science, and 6th is needed. I learned this from my futures trading coach who only taught 1 class; when his confidence was high, he'd trade in a huge quantity.
brooks confused me so much that i forgot the trader's bread and butter: break outs and even better failed breakouts.. the latter traps traders
never take first counter trend entries: those will fail; fade them! if you follow this simple rule you will avoid half your losses and keep an eye on momentum.... only think of reversals after there has been a range since that means the counter trend traders have been able to hold the market for some time. in explosive moves sometimes even a single a doji may mean that counter trend traders have got a foothold
In addition to what @padutrader said above this post, I would add that you should avoid all counter trends, not just the first one. In fact, don't try to pick tops and bottoms, period. The most money is to be made in the middle anyway. So go for the genitalia, not the head or the feet. Where you wanna go in are the pullbacks. That's the obvious that most people overlook. They know it "intuitively" but hardly ever follow it to the T. Depending on the strength of the trend, there will be a few pullbacks, usually up to 3 (sometime 4). First one, however, is often a TRAP. I personally prefer the second pullback, which is the most reliable one to trade. I'm sure you've heard of "second entry". With that said, after three pullbacks, you wanna be cautious going forward. At this stage, there's a high chance for a full reversal. But then again, this is highly dependent on how strong the underlying trend is. It's worth noting that if the trend is very powerful to begin with, you won't see that many pullbacks, if at all. It'll be a consecutive green candles just plowing right through ALL RESISTANCE. Anything that gets in its way will get crushed.
He was/is a professional trader. He was unwilling to teach. But the Exchange encouraged him to teach when the open pit system would be abolished and migrated to the electronics system. During those times, many open pit traders were struggling.
Strange I always discover my best as soon as I basically give up Also as soon as I tell anybody I do well in trading it all magically starts going south :-D Buddy that showed me daytrading once pointed his finger to my head saying "all the problem is here only"