Why only are you trading only bullish swings and not bearish swings?
Trading the Plan
- Thread starter studentofthemarkets
- Start date
Thanks! Found it!
Because I cannot see shorts in my head. All I see is longs. My mind was entrained though the bull of 2017 until now in equity indices. 2014 to 2017 I was looking at CL. I switched to Equity in 2017. I was poisoned by the equity bull run..
From the publisher's summary of The Checklist Manifesto: How to Get Things Right
As a consequence of his interest in implementing checklists during surgery, the World Health Organization put Gawande in charge of a team which investigated a trial of surgical checklists over eight countries. This trial showed to most people their great worth, to the extent that over 2,000 hospitals globally, including 10% of US hospitals, have introduced them.
https://www.audible.com/pd/Summary-...V8D-tBh39qAGYEAAYAiAAEgIVY_D_BwE&gclsrc=aw.ds
andhttps://www.audible.com/pd/Summary-...V8D-tBh39qAGYEAAYAiAAEgIVY_D_BwE&gclsrc=aw.ds
“We live in a world of great complexity, where even the experts struggle to master the challenges they face. But acclaimed surgeon and best-selling writer Atul Gawande finds a remedy in the simplest of techniques: the humble checklist.
First introduced by the US Air Force, checklists have enabled pilots to fly aircraft of mind boggling sophistication. Now they are being adopted in the NHS and hospitals around the world, helping doctors and nurses respond to everything from flu epidemics to avalanches.
Gawande explains how checklists actually work to effect striking and immediate improvements – and he follows the checklist revolution into fields well beyond medicine, from disaster response to investment banking, skyscraper construction and business of all kinds.
The Checklist Manifesto is essential reading for anyone working to get things right.”
https://theartofliving.com/the-checklist-manifesto-summary/
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It DOES! It just has pauses. Have you ever seen anyone in this stock market short it for 50 years? How are they doing?
So, if I don't have the coding ability to automate my trading method because it's too complicated, then maybe checklists are the answer.
Learning how checklists are used in other professions might help me to learn to make good checklists and recognize their value.
Looks like I have some reading to do!
Horse couldn't get the grill started.
STM, if you'd rather be an artistic trader like the lions share of traders are, knowing that sooner will help you track that path better than trading a rules based system without written rules will probably.
hope you don't mind if this copy get's dropped off in your wheelhouse.
It covers a lot of ground that occurs after you already have a tested trading plan.
Do you have one of those? a tested trading plan? Just one simple setup tested?
Do you have the cart before the horse?
For the trader operating without a trading system, all we can do is wish him luck. But when you have a system in place, little luck is needed. Live trading becomes more of a test of character and resolve than a roll of the dice.
Like most new traders, your greatest test will be on the emotional front. Your emotions will rise and fall with your wins and losses, along with the ebb and flow of the markets. This is a dependence you must break. While you cannot smooth out the markets (and nor would you want to: market swings are the key to profits), you can learn to smooth out your reaction to them. It just takes time and effort. And a consistent application of your swing trading system, even if that goes against your 'better' emotional judgment"
http://www.swingtradesystems.com/live-trading-main-page.html
hope you don't mind if this copy get's dropped off in your wheelhouse.
It covers a lot of ground that occurs after you already have a tested trading plan.
Do you have one of those? a tested trading plan? Just one simple setup tested?
Do you have the cart before the horse?
For the trader operating without a trading system, all we can do is wish him luck. But when you have a system in place, little luck is needed. Live trading becomes more of a test of character and resolve than a roll of the dice.
Like most new traders, your greatest test will be on the emotional front. Your emotions will rise and fall with your wins and losses, along with the ebb and flow of the markets. This is a dependence you must break. While you cannot smooth out the markets (and nor would you want to: market swings are the key to profits), you can learn to smooth out your reaction to them. It just takes time and effort. And a consistent application of your swing trading system, even if that goes against your 'better' emotional judgment"
http://www.swingtradesystems.com/live-trading-main-page.html