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Showing content with the highest reputation on 08/29/2022 in Posts

  1. 1 point
    Chapter 6 As always; Mark doesn't disappoint....this book makes me think and it is so so good. I think for the rest of my forseeable trading career I will reread this once per year (minimum)! I am finding new things & interpreting much differently than 1st time around....I love books like that and "trading bible" is really an appropriate nickname in my humble opinion W - Mark talks about 2 things we must master... "The 1st is to learn to keep your mind focused on the "now moment opportunity flow". The 2nd hurdle has to do with the division of labor between your left & right brain. Your left brain specializes in rational thought, based on prior knowledge. Your right brain specializes in creative thought. It can tap into inspiration, intuition, hunches or sense of knowing that cannot be explained rationally. Ultimate success as a trader cannot be realized until you develop a resolute, unshakeable belief in uncertainty. When we believe in something we operate out of that belief naturally, without struggle or effort. A - Mark is telling us 2 very deep psychological changes we have to make to become successful traders. He literally says this is why so many fail; lack of wanting to psychologically adapt. He states that to focus on the "NOW OPPRTUNITY FLOW" we need to fully believe and embrace uncertainty. That needs to be a part of our core belief system where other beliefs stem from... A - I do believe "anything can happen", but there is work I can do to even further strengthen that belief....I am going to do what I know & further research this and discuss in my chat time in the next week or 2.... I feel like I am fairly decent at acting on my creative thoughts & I easily believe in things I do not see....I believe we can create a lot of our reality and that perception is reality....we can have 2 people in the same room having a completely different experience (one could be enjoying the smells/ambiance/music while the other could be uncomfortable with all of those things....the way we are perceiving the info (in this example smells, visually, etc) based upon our past experiences in life will dictate the state of mind & emotions we elicit about the room or anything else....all these principles can be applied to trading/charts/anything. Lastly - "If anything is possible; there is nothing to avoid"!!! Talk soon!!
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