I am looking back on how my objective as a trader has evolved. It is funny how much theory and application changes how you view things. Letting the market/situation change how you view it is important. Everybody comes in with some expectations and it is constant race to keep the spread tight between expectation and reality….
Tag Archive: flexibility
When your objectivity leaves, you should too.
When you can no longer see the other side of the trade you have begun to lose. Maybe not money but your greatest asset as a trader, flexibility and adaptibility, is gone. Nothing is scarier in my life or as trader is when I have it all figured out. It means I am setting up…
Cognitive dissonance does not have a place in trading.
Cognitive dissonance: This is the feeling of uncomfortable tension which comes from holding two conflicting thoughts in the mind at the same time. Dissonance increases with: The importance of the subject to us. How strongly the dissonant thoughts conflict. Our inability to rationalize and explain away the conflict. Without a question cognitive dissonance plays an important…
Thoughts for a Sunday.
If you don’t have the creativity and flexibility of at least two scenarios than you can’t be a successful trader over the long term. Trading is the ability to see things in terms of another. What is the chart saying and how long before it gets its point across. A chart is art. It is an expression…
Too invested to trade.
One of the worst parts of trading at CME is I got to see many traders on their last day. One of the best parts of trading at the CME is I got to see many traders on their last day. How they got to that point is all different. One of the three D’s,…
