once you begin to trust yourself, then you may be able to let the market tell you how much is available in any one trade. If you are unsatisfied with 20 or 30, maybe try losing every trade and see how that feels. I guess winning feels better for most people
Yes the creative process can be very exciting. I try to tune into my emotions--the good, the bad, the ugly, when I'm engaged in anything. I use the same process in trading. I was taught a long,time ago that a certain percentage of the people are emotional as their primary makeup. If that's true...
I known as a really good cook, and almost never use a cookbook. I don't need to. I might glance at a recipe to see what's in it, but after awhile you know that there are only certain combinations which work. Then I will experiment around that. Every dish is never the same twice. I've been asked...
I'm doing more intermarket analysis now, and I'm not sure if it's because I've grown as a trader or the markets all move together much more than 20 years ago. If you pay attention you can see the money sloshing around, around the globe 24 hours a day, 5 and a half days a week. I can look at the...
Also, if there's anyone here who hasn't read Flash Boys by Michael Lewis, I recommend it. At least you can be aware how you're getting screwed. Then maybe do something about it.
I'm looking forward to trading the unintended consequences of any regulatory actions. They can outlaw capitalism, close the markets, trading will always exist in some form. They can change the rules all they want, I'll just figure out the new rules. If things get really dictatorial, then that's...
As a trader, you're looking for abnormal reactions to news. Good news, market goes up, no trade. Bad news, market goes up, believe the market. Good news, market goes down, believe the market. Bad news, market goes down, no trade.