SPX500: Wednesday Night Meditations
Lectio brevior lectio potior.
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So in case if you guys want to know why I withdraw here and there. I look a the charts for hours 24/7 and get lost into them. I want to know. I now simplified my system into very few symbols. I look for simplicity and I read books on patience. Trading is not about money for me right now (thanks God :) it's about a mental challenge.
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Uptrend, sideways, and downtrend. 3 different animals and 3 different approaches. If we can't distinguish we can't exploit.
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99% of rubbish is around us. It's hard to shake off.
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If we want to beat the algos and the HFT (on those algo crazy days like today) we have to stand in the front of the action (stop limits). We can't catch up with the mountain creeks. If they knock us down and carry us down the current we're the winners. The water is icy cold though.
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The people who gravitate towards me are my friends. The people who laugh at me are my friends too.
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I don't have One interest, I have Many interests. My One interest is strong though.
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If/when we can get a big enough team here to trade Price Action - we can set up a private chat. I see some potential benefits. If we get about 20 traders we can move forward - lemme know.
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"I wasted time, and now doth time waste me." - William Shakespeare
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I just came back from 7/11. Met a 48 year old (looked like 38 and smiling) Asian guy there who bought cigarettes and smoked. I talked to him and told him he was wrong. Beer is the way to go. Healthy lungs and plenty of hydration. Healthy. He is wrong.
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3 times is pretty standard. why push for more? :)
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I'm done with the updates in this thread.
