Love this man! I have found this exact problem where I have rules in place but then find myself in a situation where I don't know if I am applying them correctly. Often I will be too ambiguous with my rule and can easily deviate from what I want. I found the best way to improve was to look at all my winners and then all my losers. Find the similarities between the winners and then the losers and make specific rules that are easier to follow. Make it more straightforward and easy to follow
Great advice.. this works for me nearly every time. Of course I can never get my full “understanding” out of my head in one go. Repeated revised drafts..
id like to say a 10 but because i haven't written down my rules i can't say it, my goal is to induce my strategy into my subconscious mind through the conscious mind by practicing everyday and making mistakes and learning, i can explain my thought process behind why i enter trades and i also prepare my self for how the market could move and what i would be able to and not do to handle my open positions
My system works 8/10. big issue is mind management. But now resolved it to great extent. & Yes ‘think it ink it’ a quote I recently read in a book - “Wink & Grow Rich” by Roger Hamilton
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I'd say 7.. I will usually open with a directional play but after it's worked dont always know the follow through so I end up hedging to lock in profits.. as long as I don't do anything out of bounds I'm making money but really compromising on the follow through with some of these trades..
@@Duomoinitiative When I get into a trade.. since my strategy is based around leveraging options that have gone from out to in the money I would need to have a strong reason for the underlying to make a larger move than certain options anticipate.. so really its about being willing to sacrifice profits as long as the initial risk is low enough.
I believe the study just shows how human beings like to think they know everything because of their ego. therefore it is not that they actually know how something works they just want to seem like if they did.
That's a really good question and I think intuition does exist and plays a role. It's something that warrants extra discussion rather than a short comment, but in essence I would say intuition is better in areas where you can't rely on something more dependable or to use it as something to protect you as a last line of defence. E.g. as part of a negative filter to not enter or reduce risk, to choose a position size, to gauge the context of a situation and understand what aspect of your system should be applied etc.
10 - because I have developed a system that works with my personality and I can 1000% justify every single trade that I take. Ask me and I’ll have an answer....all of my trades look identical
Love this man! I have found this exact problem where I have rules in place but then find myself in a situation where I don't know if I am applying them correctly. Often I will be too ambiguous with my rule and can easily deviate from what I want. I found the best way to improve was to look at all my winners and then all my losers. Find the similarities between the winners and then the losers and make specific rules that are easier to follow. Make it more straightforward and easy to follow
Great advice.. this works for me nearly every time. Of course I can never get my full “understanding” out of my head in one go. Repeated revised drafts..
Absolutely right! Thanks
id like to say a 10 but because i haven't written down my rules i can't say it, my goal is to induce my strategy into my subconscious mind through the conscious mind by practicing everyday and making mistakes and learning, i can explain my thought process behind why i enter trades and i also prepare my self for how the market could move and what i would be able to and not do to handle my open positions
You should write it all down, every step from start to finish. See if you truly have a process or just approaches to specific things here and there.
My system works 8/10. big issue is mind management. But now resolved it to great extent. & Yes ‘think it ink it’ a quote I recently read in a book - “Wink & Grow Rich” by Roger Hamilton
This dude always got the freshest cuts
True story
🤣
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This Channel is highly underrated.
Good advice - thank you, sir!
Thank you!
thanks for the wonderful video, ur trading journal video helped me alot to write trading journal so thanks again
So happy to hear that! Thanks
Very helpful.. thank u
Most valuable advise.
Didn't really like the video.... I loved it!!! Haha. Thanks for content, it's pretty amazing.
I'd say 7.. I will usually open with a directional play but after it's worked dont always know the follow through so I end up hedging to lock in profits.. as long as I don't do anything out of bounds I'm making money but really compromising on the follow through with some of these trades..
What would you need to do to push that up closer to a 10?
@@Duomoinitiative When I get into a trade.. since my strategy is based around leveraging options that have gone from out to in the money I would need to have a strong reason for the underlying to make a larger move than certain options anticipate.. so really its about being willing to sacrifice profits as long as the initial risk is low enough.
I believe the study just shows how human beings like to think they know everything because of their ego. therefore it is not that they actually know how something works they just want to seem like if they did.
You said the quote
Nice video Nickolas! Mark Hansen quote :D
Good guess, but not right!
I'm a 10. my plan is the reason I'm becoming consistently profitable.
That's awesome to hear!
Can we get the system
The question I have is , where does intuition fit in and or does it exists?
That's a really good question and I think intuition does exist and plays a role. It's something that warrants extra discussion rather than a short comment, but in essence I would say intuition is better in areas where you can't rely on something more dependable or to use it as something to protect you as a last line of defence. E.g. as part of a negative filter to not enter or reduce risk, to choose a position size, to gauge the context of a situation and understand what aspect of your system should be applied etc.
@@Duomoinitiative thanks for your response.
Wow what a video......
8
great talk!!!!!
Thanks Gael
10.
10 - because I have developed a system that works with my personality and I can 1000% justify every single trade that I take. Ask me and I’ll have an answer....all of my trades look identical
That's awesome to hear!
10
if you follow a system but still lose money, is that considered luck or skill?
Bad system
If I was a junior knowledge mining stock, I would be +1000% from finding this gold mine of a channel 🤣
Besttttttt
10/10
8
9-10.. break and retest
"Think in Ink" - Connor 🤣Benjamin Franklin?
This video comes up if I try to Google the answer so maybe it is Connor. I found the author and was surprised 🙂
🤣 similar type of person to Connor!
7
A 5 or 6 max
'Think in ink' hmm is it Mark Twain?
Good guess, but no!
First
Warren buffet
Good guess, but no!
I think 10
Trying to be 10
I think I am 4 or 5 out of 10
My score is probably 7.5
How can you get it up to a 9 or 10?
Walt Disney?
2 out of 10 🤣🤣
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7
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