Bobby's homework assignment

4.2.23 LBS11! Anytime I label a chart Bobby's homework assignment.... this is because there's something important that I want you to see. It's about market dynamics or special ways of approaching a chart in all the markets that I look at' not just lumber. So look at it even if you don't trade lumber if you want to see how I frame markets. It might be weeks before I give the detail to range boxes in The fashion that I gave on this video. Even if you don't trade some of the markets that I look at comma you should pull up the symbol which is on my charts and learn the pattern by drawing the pattern. If you do not do this, you are wasting your time. If you do this and you don't like it comma that's fine. however, I believe one of the signs of a lousy student and probably a Lousy Trader.... if they don't know enough to not use the tools that they've been using Because they don't work or you wouldn't spend time looking at my videos or someone else's. It's a tell about the trader. Don't make this mistake. There is something else that I will add here: After you draw the lines... and you have a hypothetical trade.... paper trade It... and watch the trade... this will be stressful... but if you are actually losing money... what happens is... your brain will be filtered away from the chart and your stress of losing money will not allow you to be objective because of Drawdowns Imminent loss.... it is extremely counterproductive. And people who have these traits that I just defined will not become traders. I am a big fan of mentors who actually know what they're doing and actually make money. I've only had a few mentors that I believed actually made money. I even had a PHD psychologist who specialized with professional Traders to help me strategize how to be A better Trader..... but I have had no mentor as good as they may have been who stressed the importance of learning something new.... Don't use your stuff.... practice it.... focus on the hypothetical trade Knowing that you will not lose money... but you will be diligent and follow it through and think about what you could have done better without the imminent loss of money Which will make it almost impossible to focus on the chart. I will say one last thing the only way you can be A stop and reverse Trader.... Is if you are so sure A patterns that develop almost immediately on a chart in real time.... Is if you've been Studying this and are so familiar with the pattern... it jumps out at you. Most of your Trading Doesn't have to be this spontaneous and sudden. Remember, you never have to take a trade you're not sure about.... the only thing you lose is an opportunity, But you're not losing money..... and if you read the market knowing that it could have done something that you were uncomfortable about, and it did what you thought it would do.... learn to feel very good about that... because you read the market well... Hopefully without having too many losing trades. Most Traders know that they are bad Traders. So trade Patterns that you're comfortable with... and then add the trades that you are comfortable with.