You can shut off the mind and still be conscious and functional - that's what "being in the zone" means.
How is it that I'm evaluating? There is no evaluation. Evaluation is what the mind does and if the mind is switched off, then there can be no evaluation. All that's left is spontaneous action.
There's no reference to one's personal past history of trading. However one still looks at the stock's history. The right move just appears on its own. You don't think it out.
I already have asked you, earlier in this thread. I am genuinely interested in the way you trade. Your response was "what peter said".
Oh.----I read about astral travelling once---interesting concept--personally I use a plane.
I doubt Douglas had that interpretation in mind.
Ill have to settle then with being in the top 5%
Ill never reach the 1%
Good luck GG.
Have a guess what I'm talking about.
Also, you're too afraid to take up the challenge I set. Considering this fact, I'm stunned you have the audacity to continue posting here.
It's exactly what he had in mind.
But you have never read the book, have you?
Also, you're too afraid to take up the challenge I set. Considering this fact, I'm stunned you have the audacity to continue posting here.
I'm not into guessing games. Tell me if you like...or if not, I'm not too fussed.
I believe that a discretionary trader starts with a structured approach with only minor discretionary elements, masters one strategy then adds another suited to different market conditions, masters each additional strategy and ends up with multiple strategies and able to trade all market conditions. Any intuition that develops is based on extensive experience in knowing which strategy to apply to the current market and be able to rapidly adapt to changing market conditions.
I've also read Mark Douglas Trading in the Zone (one of the few trading books I've read) and I don't really agree with the message you are taking away from it GB.
What you are describing sounds essentially like an irrational market participant.
Successful trading is 80% psychological and 20% methodological.
I haven't read that one but I did read "The Disciplined Trader" by him. Thought it was utter crap and designed to feed the very myth in his first line of the blurb,
Amen, I also got sweet fluff all from his book/s.
Actually being through the prop shop pretty much makes you realize 99% of all trading books are complete BS, being around insanely good live traders does that though.
Shwagger wrote 2 books on that as well.being around insanely good live traders does that though.
97% cant trade and have no idea where to start.
Books are directed at the 97%.
As I keep rattling on about very little to NO PRACTICAL APPLICATION wanna be's
try the latest "thing" and when it returns "ho hum" or "Oh Sh*T" they will buy the next
fad.
There then comes a time when Psychology gets a start as everything else has failed---so that just has to be it.
After all Psychologists are the best of all traders --aren't they?
Shwagger wrote 2 books on that as well.
Its real easy to say that books are useless but everyone needs to start somewhere.
Its real easy to say that books are useless but everyone needs to start somewhere.
I should add that most of what i have said above has been learned from one or two here...
CanOz
Stunning.
You sh*t your feathers when I challenged you to a trade off. Chicken.
TH also sh*t himself.
I feel the confidence too canoz...the lack of it.
TH also sh*t himself.
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