March trade review: Worst trade - Tradervue | AAPL Trade Detail Best trade - Tradervue | CRWD Trade Detail

Chapter 11 - Why We Need to Learn How to Adapt (catch up) W - “Changing our mental environment to correspond with the constant external changes going on in the physical environment is not automatic. The information stored in our mental environment about the nature of the physical environment can remain unchanged for years or a lifetime, for that matter, regardless of how outdated, useless, or even harmful it may be. And furthermore this outdated knowledge will continue to act as a force on our behavior, causing us to interact with the environment in completely inappropriate ways relative to the conditions. So even if we are experiencing satisfaction in certain areas of our lives, we cannot take it for granted that the conditions that we have learned to interact with will stay as we know them to exist. The outside conditions are in constant motion, presenting us with different forces to learn about and adapt to.” (p.137) A - Mark explains that the information that is stored as energy in our mental environment may be outdated and not useful in dealing with the physical environment that is constantly changing and can actually hurt us as we deal with that physical environment. We have to learn and store new information so that we can interact with the physical environment in ways that create satisfaction in our lives. A - When I started day trading, I had erroneous information about the nature of the market and used that information to trade which caused me to have a huge negative equity curve. It was only when I diminished the energy from the information that was useless for trading in an unstructured market (college degrees, job experience, etc.) that I was able to open my mind to the possibilities of what the market could teach me about itself. It was only then when I was able to experience satisfaction as a day trader.

Book - Disciplined Trader by Mark Douglas Meet Weekly for 40 minutes beginning Thursday, November 17th at 12pm ET On November 17th - meet each other, discuss Rules of club, review Preface & Foreword sections of the book More Details will follow after Nov 17th Susan Rizzi has invited you to join a video meeting on Google Meet. meet.google.com/sat-khuv-rbh I look forward to learning, sharing and growing with you! Resume meeting 1/5 - review any additional comments from chapter 3 to 5 and chapter 6 1/12 - any additional comments from chapter 6 & chapter 7 1/19 - chapter 8 1/26 - chapter 9 2/2 - share your best/worst trades - For your Post this week - you can skip OR you can share trades and/or how you do your monthly trade review with us!!! 2/9 - chapter 10 2/16 - chapter 11 2/23 - OFF!! 3/2 - chapter 12 3/9 - share your favorite pro trader's tips, how it affected your trading and/or best & worst trades - For your Post this week - you can skip OR you can share trades and/or how you do your monthly trade review with us!!! 3/16 - chapter 13 3/23 - OFF THIS WEEK 3/30 - chapter 14 THIS WEEK ONLY WE WILL MEET AT 1PM ET!! 4/6 - share your best/worst trades - For your Post this week - you can skip OR you can share trades and/or how you do your monthly trade review with us!!! 4/13 - chapter 15 4/20 - chapter 16 & 17 4/27 - Share new datasets, new journaling, new trading plans, etc 5/4 - share your best/worst trades and/or any new fav pro trading tips - For your Post this week - you can skip OR you can share trades and/or how you do your monthly trade review with us!!! ***SHARE the biggest take away from Disciplined Trader & tell us why****

We're having a Meetup with Andrew in Zurich on March 12th, 2023, 4:00 PM and you're invited! Venue: Aden Hotel Whether you're a pro or just starting out, this is a great opportunity to connect with other traders, learn from each other, and have some fun. So mark your calendars and stay tuned for updates!

Well couple of things, generally lower price things move less as an absolute amount but yes 10% days could happen. However, more importantly to your question LULD is a 5 minute price so it would have to move X% in 5 minutes, assuming you're only trading tier 1 stocks then 10% in any 5 minute period within 15 minutes of the open or 25 minutes of the close due to increased volatility. In the rest of the market open times it's 5% in any 5 minute period.

Chapter 12 – The Dynamics of Goal Achievement W: “even if we have learned the appropriate skills, there may be any number of beliefs or fears that act as barriers or limiting forces that will prevent us from properly executing the steps leading to what we want to accomplish”. A: Mark is saying our beliefs is what prevent us from achieving our goals regardless of how many strategies or technical analysis we learn or how good we are at them. A: We all traders, at the beginning of our journeys, believe that learning all the technical analysis and strategies will make us the best traders. Little we know, to accomplish that, we need to work on ourselves first, on our mental state, on our emotions, perceptions, biases, so on; from the inside out.

Chapter 12 W- No on is impervious to thinking that they can keep what is actually important in their mind. Some times what we remember isn’t what actually makes the trade work, so we are then left to refigure out what we think that we’re missing. A- What I could gather from Marks writing was our memory fades with time but the ideas that made the energy for the thought will stay indefinitely in the medium they are recorded to. A- I do not have anything complex to apply this thought to besides trying to work on re-writing how some of my trades work and keep up with my growth.