Your Money _ Are You 'Seat-of-the-Pants' Trading It?

jnbadger said:
It feels like it sometimes, but my back testing and actual stats would say no. But I've been doing this for 25 years, so I know how to manage my risk. My safe money is in my roth.
Yes it works. When? Mostly just in the first hour or so.
I could teach it to my mother, who was an elementary school reading teacher, in about 10 minutes.

1. My scanner.
2. Time or systematic stop. Whichever comes first.
3. Volatility of the stock.

That being said, I do have another strategy which works fairly well, but I think someone else could do it way better than me. I need to be more systematic when I trade, rather than looking at dozens of charts and looking for something which has no way of being back tested. My stats on that one are positive, but not very good. That's why I trade super small on it. And I think I would have to explain that one to my dad, the retired engineer.
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I've tried various time stops, but haven't found one that fits with the way that i trade. What process do you use for your time stop
thanks in advance
toucan
 
easymon1 said:
The observation's synergistic result of by-hand-benchmark stats taken on a set of 100+ charts via the 'structure' imposed on that group by a bar to entry composed of a shared initiation status, aka a signal trigger, a setup; is to develop a 'feel' for a specific setup's resultant recurring milestones as price journeys to 'predetermined measurable exits'.

Is this 'feel' akin to the 'Art' that some traders have honed to an unconscious competency demonstrated by repeatable results?

How so?

unconscious competency - Search
https://duckduckgo.com/?t=ffsb&q=unconscious+competency&ia=web

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subconscious competence.jpg


d) Where is Automaticity in the cycle?
How can we ignore practice and how Automaticity is achieved in developing competence? His model has only three stages of expertise:
A Cognitive stage: Learner constantly and consciously interact with nature and mechanics of what is being done
B Practice fixation stage: Multiple repetitions help to bring the steps in the long-term memory
C Autonomous stage: At this stage, skill can be automatically or subconsciously executed. The conscious mind can be used in monitoring and solving the problem.
-
5 Training Guidelines to Develop Subconscious Competence
#1 Build Intense Practice:
# 2 Performance Support System:
#3 Reflection Exercises:
#4 Skill Specificity:
#5 Feedback and introspection:
https://www.speedtoproficiency.com/blog/skill-acquisition-unconscious-competence/
 
I don't want to be the seat of the pants person. Working without a plan is not my thing. I have come a long way in trading and that's all because of trading plans and managing risks.
 
toucan said:
I've tried various time stops, but haven't found one that fits with the way that i trade. What process do you use for your time stop
thanks in advance
toucan
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I'll send you a PM. I'd rather not share publicly.
 
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